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Dow advances at open; Celgene holds back S&P, Nasdaq

Technology giants Alphabet, Amazon, Microsoft and Intel report after the bell


The Dow Industrials forged ahead at the open on Thursday, driven by gains across sectors, but losses in Celgene held back the two other major Wall Street indexes in one of the busiest days of third-quarter earnings. Earnings have been largely positive, with 72 per cent of the S&P 500 companies that reported as of Wednesday topping expectations and matching the average for the past four quarters. However, with US indexes at record levels, investors are taking a closer look at earnings to see if they justify stretched valuations. Technology giants Alphabet, Amazon, Microsoft ...

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First Published: Thu, October 26 2017. 22:02 IST