X

Earnings Gains Drive Stocks Higher

Dow ends day up 172
By Newser Editors and Wire Services
Posted Feb 5, 2019 3:16 PM CST

(Newser) – Stocks are closing broadly higher on Wall Street as strong earnings reports from several US companies put investors in a buying mood, the AP reports. Estee Lauder jumped 11.6% and Ralph Lauren climbed 8.4% Tuesday. Both reported earnings that came in well ahead of what analysts were expecting. Viacom, an entertainment company that owns Comedy Central and Paramount Pictures, rose 3% after reporting results that also beat analysts' estimates. The S&P 500 index rose 12 points, or 0.5%, to 2,737. The Dow Jones Industrial Average climbed 172 points, or 0.7%, at 25,411. The Nasdaq added 54 points, or 0.7%, to 7,402. (Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.