Solid Earnings Send Stocks Higher

Dow ends day up 237
By Newser Editors and Wire Services
Posted Oct 15, 2019 3:00 PM CDT
In this Oct. 8, 2019, file photo trader Mark Puetzer, center, works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks notched solid gains on Wall Street as investors welcomed surprisingly good quarterly results from some of the nation's biggest companies, the AP reports. Strong earnings from UnitedHealth Group, JPMorgan Chase and other companies helped lift the market Tuesday, erasing modest losses from a day earlier. UnitedHealth soared 8% and JPMorgan added 3%. The S&P 500 rose 29 points, or 1%, to 2,995. The Dow Jones Industrial Average added 237 points, or 0.9%, to 27,025. The Nasdaq rose 100 points, or 1.2%, to 8,148. Bond prices fell. The yield on the 10-year Treasury rose to 1.77%. (Read more stock market stories.)

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