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Major indices have risen widely on Wall Street, increasing profits.National news

DAMIAN J. TROISEAP Business Writer

In the morning trading on Wall Street on Thursday, stock prices rose sharply as the market gained momentum after breaking three days in a row.

The S & P 500 rose 1.3% at 10:18 EST. Over 90% of the stocks in the Benchmark Index have risen and are now well on their way to a weekly rise. The Dow Jones Industrial Average rose 403 points (1.2%) to 34,782 and the Nasdaq rose 1.5%.

Healthcare stocks have made some of the strongest profits. UnitedHealth Group It surged 5.8% after raising its profit forecast for the following year, which was strong in the third quarter. Technology stocks also did a lot of hard work. Apple was up 1.6% and Microsoft was up 1.5%.

This is the first big week for companies to report their most recent quarterly results, and investors have responded differently to the latest round so far. Bank earnings.. Bank of America rose 1.8% after surpassing analysts’ expectations, while Wells Fargo fell 1% after reporting similar results.

Investors are also reviewing up-to-date data on employment and inflation to assess economic health and future directions.

Major indices have risen widely on Wall Street, increasing profits.National news

Source link Major indices have risen widely on Wall Street, increasing profits.National news

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