Nasdaq eyes record high after strong tech earnings; 3M results hit Dow

REUTERS: The tech-heavy Nasdaq index was on course to open at a record high on Thursday after strong results from Facebook and Microsoft, while a slump in shares of industrial conglomerate 3M weighed on Dow futures.

Microsoft Corp gained 5.2per cent after the company beat estimates for quarterly results and predicted continued growth for its cloud computing business. Investors are assessing earnings from some of the biggest U.S. companies this week to see if the strong run-up in stocks since the start of the year is justified as the main Wall Street indexes hover near all-time highs.The S&P 500 closed nearly 0.5per cent below its record high hit in late September on Wednesday. The index has rallied about 17per cent this year, supported by a dovish Federal Reserve, hopes of a U.S.-China trade deal and largely upbeat earnings.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq hits record, S&P nears all-time high on upbeat earningsThe S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

S&P 500, Nasdaq end at record highs after solid earningsNEW YORK: The S&P 500 and Nasdaq jumped to all-time records on Tuesday (Apr 23) following a barrage of mostly positive earnings reports that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

S&P falls as investors await earnings, Nasdaq slips from record highThe S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: S&P 500, Nasdaq end at record highs after solid earnings[NEW YORK] The S&P 500 and Nasdaq jumped to all-time records on Tuesday following a barrage of mostly positive earnings reports that boosted confidence in the economic outlook. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »