Tuesday, 16 October 2018 20:49 WIB |
MARKET UPDATE |DOW JONESS & P 500Wall StreetSaham AS
U.S. stock benchmarks on Tuesday kicked off trade firmly higher as investors focused on strong corporate results, which have helped to lift otherwise shaky sentiment.
The Dow Jones Industrial Average rose 235 points, or 0.9%, at 25,480, the S&P 500 index advanced 0.7% at 2,770, while the Nasdaq Composite Index added 1.1% at 7,507, after technology and internet-related firms helped to undercut tepid optimism in the previous session.
In corporate news, Goldman Sachs Group Inc. reported better-than-expected earnings per share of $6.28, versus analysts expectations of $5.38. Shares helped to lift the Dow. Morgan Stanley posted a 20% increase in profits to $2.15 billion.
The retail brokerage's revenue grew to $4.4 billion for the quarter, 4% higher year-over-year. Shares also rose. However, the atmosphere around equity markets remain skittish amid rising geopolitical tensions and a rapid run-up in bond yields last week that fostered a brutal sell-off.
Source : Market Watch