Dow Ends Day Up 75
S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Oct 18, 2016 3:16 PM CDT
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Monday, Oct. 17, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks closed solidly higher on Wall Street after several companies delivered positive surprises in their quarterly earnings reports, the AP reports. Netflix soared 19% Tuesday after reporting results that were far better than analysts were expecting. Goldman Sachs rose 2% and Comerica gained 4% after both banks also reported better-than-expected results. Safe-play stocks lagged the market. Phone companies had the smallest gain in the Standard & Poor's 500 index. The Dow Jones industrial average rose 75 points, or 0.4%, to 18,161. The S&P 500 index climbed 13 points, or 0.6%, to 2,139. The Nasdaq composite increased 44 points, or 0.9%, to 5,243.

 

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