While you were sleeping: Merck, Sprint surprise

Tue, 29 Apr 2014

By Margreet Dietz Apr. 30 (BusinessDesk) - Wall Street gained as the latest earnings from companies including Merck and Sprint bolstered optimism about the outlook for corporate profits. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.60 percent, the Standard & Poor’s 500 Index increased 0.50 percent, while the Nasdaq Composite Index climbed 0.82 percent. Gains in shares of Merck and IBM, up 3.3 percent and 1.3 percent respectively, led the Dow higher. Shares of Sprint jumped, last up 10.2 percent, after th...

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