Wall Street set for higher open on encouraging China data, earnings

REUTERS: Wall Street was set to open higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports.

Shares of Intel Corp, Advanced Micro Devices and Nvidia Corp were up between 0.7per cent and 4.41per cent. If current premarket gains hold, the S&P 500 will open 0.9per cent below the record high hit in late September. Stocks have surged this year on growing hopes of a trade deal with China and better-than-expected earnings reports.

International Business Machines Corp fell 2.7per cent after reporting a bigger-than-expected drop in quarterly revenue.

United States United States Latest News, United States United States Headlines

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

Wall Street ekes out slight gains at open, earnings awaitedU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street flat as growth worries persist; banks gain ahead of earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street dips ahead of big bank earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street gains, as JPMorgan surges after earningsThe S&P 500 crossed the 2,900 mark for the first time since early October on Friday, boosted by a jump in Walt Disney shares and as bank stocks ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »