While you were sleeping: Sentiment lifts Wall St

Mon, 24 Oct 2016

By Margreet Dietz Oct. 25 (BusinessDesk) - Wall Street gained on optimism about the outlook for corporate earnings, and a fresh wave of merger activity including AT&T’s agreement to buy Time Warner also bolstered sentiment. In 2.26pm trading in New York, the Dow Jones Industrial Average gained 0.4 percent, while the Nasdaq Composite Index climbed 0.9 percent. In 2.11pm trading, the Standard & Poor’s 500 Index gained 0.4 percent. “It's been a pretty good quarter for earnings so far and we might finally see the end of earnings recession...

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