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Wall Street edges higher as healthcare, bank stocks gain


By Sruthi Shankar

(Reuters) - Wall Street's main indexes edged higher on Tuesday as healthcare and gained in the run up to the quarterly earnings season that is set to start later this week.

continued their winning streak as investors extended their bets on an improving and expectations of corporate profits that may get a boost from the tax cuts.

At 11:27 p.m. ET (1627 GMT), the Dow Jones Industrial Average was up 109.74 points, or 0.43 percent, at 25,392.74 and the was up 9.65 points, or 0.35 percent, at 2,757.36.

The was up 16.07 points, or 0.22 percent, at 7,173.45.

"I can see more of a sideways trending till the big macro releases and earnings season, which is just around," said Tim Dreiling, regional director for The Private Client Reserve of U.S.

Healthcare and financial were the biggest gainers among the 11 S&P sectors.

A 2.4 percent rise in and a 5 percent jump in helped the sector gain 0.9 percent.

rose 1 percent and of America and rose about 0.6 percent, tracking a rise in U.S. 10-year Treasury yields, which hit a 10-month high after the of Japan said it would trim its purchases of bonds.

Investors are waiting for the start of the quarterly earnings season for more readings on the impact of recent tax cuts and profit forecasts.

Earnings for companies are expected to rise 11.8 percent in the fourth quarter, compared with an 8 percent increase a year earlier, according to I/B/E/S.

"Across the board, we're positive about fourth quarter and the next few quarters. But it could be a little bit noisy after we got the passed and companies make some adjustments close to year-end," Dreiling said.

A handful of retailers including Target, and have already reported solid rise in same-store sales for the holiday period and raised their profit forecasts for the fourth quarter.

slipped 3.5 percent after suspended patches to guard against security threats for computers running AMD chipsets after complaints that the froze their machines.

fell 6 percent, extending losses from Monday after the action camera-maker flagged a weak holiday quarter that triggered sale talks. The company said it was not actively trying to sell itself but would be willing to partner with a larger

Declining issues outnumbered advancers on the NYSE by 1,579 to 1,216. On the Nasdaq, 1,429 issues fell and 1,400 advanced.

(Reporting by in Bengaluru; Editing by Arun Koyyur)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 22:21 IST