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US stocks rise amid earnings, corporate news

IANS  |  New York 

US stocks climbed as Wall Street digested a slew of quarterly results and corporate news.

The on Tuesday gained 67.89 points, or 0.26 per cent, to 26,452.66. The S&P 500 increased 1.48 points, or 0.05 per cent, to 2,907.06, reported.

The rose 24.21 points, or 0.30 per cent, to 8,000.23.

Of the 11 primary S&P 500 sectors, financials and rallied while and health care underperformed.

Shares of rose 1.1 per cent at the close, contributing to the Dow. The company reported first-quarter results early Tuesday with its adjusted earnings of $2.10 per share, above the $2.03 per share expected by analysts surveyed by

also reported on Tuesday with both earnings and revenue beating estimates. Meanwhile, the US health care company raised its earnings guidance for the full year. The stock surged as more as 3.5 per cent in morning session, but closed at 4.01 per cent lower.

shares surged more than 23 per cent after reports said that the US chipmaker has reached an agreement with to dismiss all litigation between the two worldwide.

The corporate earnings season has kicked into full gear, with and among others to report after Tuesday's close.

Of the S&P 500 that have reported so far, most have topped earnings expectations.

--IANS

pgh/

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

First Published: Wed, April 17 2019. 06:44 IST
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