Markets Right Now: Earnings gains drive stocks higher - InfoNews

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Markets Right Now: Earnings gains drive stocks higher

Trader Andrew Silverman works on the floor of the New York Stock Exchange, Tuesday, Feb. 5, 2019. Stocks are opening higher on Wall Street as investors welcomed some strong earnings reports from U.S. companies. (AP Photo/Richard Drew)
February 05, 2019 - 1:08 PM

NEW YORK - The latest on developments in financial markets (all times local):

4 p.m.

Stocks are closing broadly higher on Wall Street as strong earnings reports from several U.S. companies put investors in a buying mood.

Estee Lauder jumped 11.6 per cent and Ralph Lauren climbed 8.4 per cent Tuesday. Both reported earnings that came in well ahead of what analysts were expecting.

Viacom, an entertainment company that owns Comedy Central and Paramount Pictures, rose 3 per cent after reporting results that also beat analysts' estimates.

The S&P 500 index rose 12 points, or 0.5 per cent, to 2,737.

The Dow Jones Industrial Average climbed 172 points, or 0.7 per cent, at 25,411. The Nasdaq added 54 points, or 0.7 per cent, to 7,402.

Bond prices rose. The yield on the 10-year Treasury fell to 2.70 per cent.

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11:45 a.m.

Stocks are moving broadly higher in midday trading on Wall Street as investors welcomed some strong earnings reports from U.S. companies.

Estee Lauder jumped 12.2 per cent and Ralph Lauren climbed 7.9 per cent Tuesday. Both reported earnings that came in well ahead of what analysts were expecting.

Viacom, an entertainment company that owns Comedy Central and Paramount Pictures, rose 3.6 per cent after reporting earnings that also beat analysts' estimates.

The S&P 500 index rose 8 points, or 0.3 per cent, to 2,733.

The Dow Jones Industrial Average climbed 146 points, or 0.6 per cent, at 25,389. The Nasdaq added 44 points, or 0.6 per cent, to 7,391.

Bond prices rose. The yield on the 10-year Treasury fell to 2.70 per cent.

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9:35 a.m.

Stocks are opening higher on Wall Street as investors welcomed some strong earnings reports from U.S. companies.

Estee Lauder jumped 11.3 per cent and Ralph Lauren climbed 10.2 per cent in the first few minutes of trading Tuesday. Both reported earnings that came in well ahead of what analysts were expecting.

Health insurer Centene rose 4.4 per cent after reporting strong growth in membership.

The S&P 500 index rose 7 points, or 0.2 per cent, to 2,731.

The Dow Jones Industrial Average climbed 104 points, or 0.4 per cent, at 25,343. The Nasdaq added 34 points, or 0.5 per cent, to 7,382.

Bond prices rose. The yield on the 10-year Treasury fell to 2.71 per cent.

News from © The Associated Press, 2019
The Associated Press

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