At the close of trade, the Dow Jones Industrial Average index advanced 286.01 points, or 0.83%, to 34,798. The S&P 500 index added 35.63 points, or 0.82%, at 4,359. The tech-heavy Nasdaq Composite Index was up 133.08 points, or 0.92%, to 14,632.
Total 8 of 11 S&P 500 sectors inclined, with energy (up 3.53%) sector was top gainer, followed by financials (up 1.71%), materials (down 1.09%), industrials (up 1%), information technology (up 0.98%), consumer discretionary (up 0.81%), and communication services (up 0.73%) sectors.
The continued strength on Wall Street partly reflected a positive reaction to the latest batch of earnings news from several big-name companies. Shares of Coca-Cola (KO) and Verizon (VZ) moved to the upside after reporting better than expected quarterly results and raising their full-year guidance. Healthcare giant Johnson & Johnson (JNJ) also closed higher after reporting second quarter results that exceeded analyst estimates.
Among Indian ADR, Tata Motors added 0.39% to $20.52, INFOSYS added 1.77% to $21.31, WNS Holdings added 0.37% to $81.28, ICICI Bank added 0.69% to $17.52, HDFC Bank added 1.34% to $70.27. Wipro added 0.85% to $8.28. Vedanta added 2.25% to $14.06 and Dr Reddys Labs rose 0.67% to $72.07.
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