While you were sleeping: Earnings lift US stocks

Tue, 18 Oct 2016

By Margreet Dietz Oct. 19 (BusinessDesk) - Wall Street climbed as companies including UnitedHealth and Goldman Sachs reported earnings that beat expectations, bolstering confidence about valuations. In 2.18pm trading in New York, the Dow Jones Industrial Average gained 0.5 percent, while the Nasdaq Composite Index climbed 1.1 percent. In 2.03pm trading, the Standard & Poor’s 500 Index increased 0.8 percent. “We’ve been selling off for the better part of a week at this point, and earnings have been good enough to get us into this boun...

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