NewsFeeder
10-16-2018, 11:10 AM
Dow rallies by 370 points and is poised for best day in about 2 months as earnings shine
The Dow Jones Industrial Average was trading sharply higher midday Tuesday, putting blue chips on track to book the best one-day gain since mid August. The Dow was up about 370 points, or 1.5%, at 25,620. That gain was partly on the back of a surge in shares of component UnitedHealth Group Inc., which was delivering a roughly 64-point jolt to the price-weighted equity gauge. Share gains for UnitedHealth come after the health-care company raised its full-year earnings outlook and said it continues to see growth in health-care plan membership and premiums. Meanwhile, the S&P 500 index was climbing 1.5% at 2,792 and the Nasdaq Composite Index advanced by 2% to 7,579. Wall Street investors appear to be focusing upbeat earnings, including those from Goldman Sachs Group Inc. , Johnson & Johnson and Morgan Stanley .
https://finance.yahoo.com/m/4d44c55f-5cc6-3a71-831c-34feea0f276d/dow-rallies-by-370-points-and.html?.tsrc=rss
The Dow Jones Industrial Average was trading sharply higher midday Tuesday, putting blue chips on track to book the best one-day gain since mid August. The Dow was up about 370 points, or 1.5%, at 25,620. That gain was partly on the back of a surge in shares of component UnitedHealth Group Inc., which was delivering a roughly 64-point jolt to the price-weighted equity gauge. Share gains for UnitedHealth come after the health-care company raised its full-year earnings outlook and said it continues to see growth in health-care plan membership and premiums. Meanwhile, the S&P 500 index was climbing 1.5% at 2,792 and the Nasdaq Composite Index advanced by 2% to 7,579. Wall Street investors appear to be focusing upbeat earnings, including those from Goldman Sachs Group Inc. , Johnson & Johnson and Morgan Stanley .
https://finance.yahoo.com/m/4d44c55f-5cc6-3a71-831c-34feea0f276d/dow-rallies-by-370-points-and.html?.tsrc=rss