U.S. Stocks Climb Toward Records After Corporate Earnings
Tuesday, 16 April 2019 20:46 WIB |
MARKET UPDATE |DOW JONESS & P 500Saham AS
U.S. equities rose at the opening bell on Tuesday, following a round of better than expected corporate earnings.
The S&P 500 rose 0.3% to 2,914. The Dow Jones Industrial Average advanced 135 points, or 0.5%, to 26,520. The Nasdaq Composite was up 0.3% to 8,002.
All three benchmarks are inching closer to their all-time highs established late last year. The broad-based S&P 500 is less than 1% away from its record close set in Sept. 20.
Earnings from BlackRock Inc. came in higher than analysts' expectations, while first-quarter revenues for Bank of America Corp. fell short of forecasts. Investors will maintain a close eye on the financial sector's earnings as banks juggle with falling interest margins and slower U.S. growth.
In other company news, shares of UnitedHealth Group Inc. rose 3% after its first-quarter earnings and revenues topped Wall Street expectations.
Source : Market Watch