Dow Industrials Aim For First 4-Day Rise in About a Month as Stock Market Extends Gains
Tuesday, 10 July 2018 20:53 WIB |
MARKET UPDATE |DOW JONESS & P 500SahamAS
U.S. stocks opened higher Tuesday, setting the main indexes up for a fourth straight advance on the back of strong economic data that have thus far offset a recent bout of trade-related jitters.
The Dow Jones Industrial Average climbed 100 points, or 0.5%, at 24,884, a day after it rallied by 320 points. A fourth session in the green for the blue-chip gauge would represent its longest string of wins since a similar stretch ended June 11, according to FactSet data. the S&P 500 index advanced 0.2% at 2,790, while the Nasdaq Composite Index rose 0.1% at 7,767.
Investors are gearing up for a rush of corporate results, which are poised to extend a run of double-digit growth enjoyed in the previous quarter on the back of corporate tax cuts enacted at the end of 2017. Wall Street is trying to shake off linger concerns of market-disruptive trade disputes between the U.S. and its partners in China, North America and Europe. In corporate news, PepsiCo Inc.'s posted better-than-expected earnings before the open Tuesday, sending its stock up. On the data front, a May reading on job openings is scheduled for release at 10 a.m. Eastern Time.
Source : Marketwatch