S&P 500 heads for new record close after strong earnings from broad range of companies.
The S&P 500 headed for a record close on Tuesday as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies.
"Among the key companies that have reported, most of them have beaten expectations," said Peter Cardillo, chief market economist at Spartan Capital Securities."That means we're probably going to escape an earnings recession. That will be key for the market to rally from here." Defense giant Lockheed Martin also rallied more than 6% after its earnings easily topped expectations. The company reported strong operating margins across all its major businesses, which include aeronautics and missiles.
So far, the results have largely topped expectations. More than 78% of the S&P 500 companies that have reported have surpassed analyst expectations, according to FactSet data.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 slips as health-care losses overshadow strong earnings and China growthPositive momentum early Wednesday faded throughout the day, with the Dow closing flat and the S&P 500 closing down 0.23%. Health care was the worst-performing sector.
Read more »
Israeli court approves demolition of 500 Palestinian homesIn East Jerusalem, hundreds of Palestinians are anxious after the Israeli Supreme Court approved a new wave of demolition, citing lack of permits which are largely out of bounds for Palestinians.
Read more »
The S&P 500 and Nasdaq are within striking distance of records in midday Tuesday tradeThe S&P 500 index and the Nasdaq Composite on Tuesday were within a hair's breadth of closing records, last hit in in the fall, as a rebound in the...
Read more »
Sri Lanka attacks death toll rises to 290, about 500 wounded: policeThe death toll from attacks on churches and luxury hotels across Sri Lanka rose ...
Read more »
Sri Lanka lifts curfew after bomb attacks kill 290, wound 500Authorities lifted a curfew in the Sri Lanka on Monday, a day after 290 people w...
Read more »
Sri Lanka lifts curfew after bomb attacks kill 290, wound 500There was no immediate claim of responsibility but the government says 12 people had been arrested and police would look into whether the attackers had 'overseas links.'
Read more »
At least four Americans are among the dead in Sri Lanka bombings, State Department confirmsAt least 4 Americans killed in Sri Lanka blasts, State Dept. says. A D.C.-area 5th-grader was among the dead, The Post confirmed.
Read more »
Celebrity chef, children of Danish billionaire among dead in Sri Lanka bomb attacksAt least 290 people are dead and 500 are injured.
Read more »
Wall Street closes slightly higher, industrials leadIndustrials led the S&P 500 and the Dow moderately higher on Thursday after robu...
Read more »
TikTok Just Got Banned In India Over Fears It Is Exposing Children To Porn And Sexual PredatorsMore than 120 million of the app’s 500 million users are from India.
Read more »
Wall Street edges higher on generally positive earningsU.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to...
Read more »