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Wall Street adds to record rally on strong earnings

Earnings of S&P 500 companies are now expected to have climbed 9.9% in the second quarter


Wall Street continued its record run on Thursday, powered by a barrage of strong quarterly earnings, particularly from Facebook and Verizon. Facebook jumped 5.49 percent, lifting both the S&P 500 and the Nasdaq Composite indexes, after the social network's results topped Wall Street estimates. Verizon surged 6.37 percent after the company reported quarterly subscriber additions that topped estimates. The stock was the second-biggest gainer on both the S&P and the Dow, and put the S&P telecommunications index on track to post its biggest one-day percentage gain in nearly six ...

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First Published: Thu, July 27 2017. 21:15 IST