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Wall Street edges higher as earnings season picks up pace

Analysts are estimating an 8.2 per cent rise in second-quarter earnings for S&P 500 companies

Reuters 

US stocks edged higher and stayed near record levels in early afternoon trading on Monday, with investors waiting for big US companies to report their quarterly earnings. Analysts are estimating an 8.2 per cent rise in second-quarter earnings for the S&P 500 companies from a year earlier. This follows a robust first quarter when US companies posted their best earnings since 2011, according to Thomson Reuters data. Microsoft, IBM and Johnson and Johnson are scheduled to report results this week. Netflix will report results after the market close on ...

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First Published: Mon, July 17 2017. 23:29 IST
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