New York – Stocks Surge On Earnings And Economic Data; Dow Climbs Over 500 Points

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    Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 12, 2018. REUTERS/Brendan McDermidNew York – Stocks are surging on Wall Street, clawing back some of the ground lost last week, after several big U.S. companies reported standout results.

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    Major U.S. indexes climbed more than 2 percent Tuesday, giving them their biggest one-day gains since March. They’re still down for the month following a rout last week.

    Investment banks Morgan Stanley and Goldman Sachs rose sharply after turning in strong earnings reports.

    Johnson & Johnson and UnitedHealth, the nation’s biggest health insurer, also jumped after releasing their results.

    Technology stocks gained back some of the ground they lost last week.

    The S&P 500 index rose 59 points, or 2.1 percent, to 2,809.

    The Dow Jones Industrial Average climbed 547 points, or 2.2 percent, to 25,798. The Nasdaq composite added 214 points, or 2.9 percent, to 7,645.


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    5 Comments
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    favish
    favish
    5 years ago

    poor hashomer & co…any good news from trump is terrible to them..oh , but this is obamas credit so no problem. OY, VEY, but the masses dont think that way, they see good news and dont think. Better USA go iunder than TRUM get credit ‘tomos nafshi im pelishtim….’

    ralph1527
    ralph1527
    5 years ago

    Yet , not a word of praise for the President .

    puppydogs
    puppydogs
    5 years ago

    Per HAshomer “Last weeks drop was all Trumpf fault, todays rise is due to strong earnings”.

    puppydogs
    puppydogs
    5 years ago

    I mentioned this numerous times don’t listen to Hashomer when it comes to financial advice. He is clueless when it comes to finance or anything for that matter other than trolling.

    bsnow
    bsnow
    5 years ago

    Hashomer is a sad individual he needs serious help.
    Him and chunky smukie, who also calls himself Shomer. Both self hating American.