All 11 sectors of the S&P 500 trade firmly higher in tech-inspired afternoon rally

All 11 sectors of the S&P 500 trade firmly higher in tech-inspired afternoon rally
All of the S&P 500 index SPX, +1.59% sectors on Tuesday were trading in positive territory, and 10 of those sectors boast gains of at least 1%, led by 2.3% surge in the information technology sector. The S&P 500 index was up 1.6% at 2,794, trading at around session highs, with the tech sector XLK, +2.40% up 2.5%, and health-care... Read More

Stocks Seeing Further Upside After Initial Advance – U.S. Commentary

Stocks Seeing Further Upside After Initial Advance – U.S. Commentary
After moving notably higher early in the session, stocks have seen further upside over the course of the trading day on Tuesday. The major averages have moved sharply higher after ending the previous session firmly in the red. Currently, the major averages are hovering near their best levels of the day. The Dow is up 357.81 points or 1.4 percent... Read More

Dow rallies by 370 points and is poised for best day in about 2 months as earnings shine

Dow rallies by 370 points and is poised for best day in about 2 months as earnings shine
The Dow Jones Industrial Average was trading sharply higher midday Tuesday, putting blue chips on track to book the best one-day gain since mid August. The Dow DJIA, +1.49% was up about 370 points, or 1.5%, at 25,620. That gain was partly on the back of a surge in shares of component UnitedHealth Group Inc. UNH, +3.42% which was delivering... Read More

Netflix price target slashed at Morgan Stanley

Netflix price target slashed at Morgan Stanley
Morgan Stanley cut Netflix’s NFLX, +1.08% 12-month price target to $450 from $480 on Tuesday ahead of the streaming giant’s earnings announcement, saying a stronger dollar and rising interest rates could increase costs for the company. This follows similar cuts by Raymond James, which lowered its price target to $400 from $445 on Monday, and Goldman Sachs, which lowered its... Read More

Major Averages Climb Firmly Into Positive Territory – U.S. Commentary

Major Averages Climb Firmly Into Positive Territory – U.S. Commentary
Stocks have moved significantly higher in morning trading on Tuesday after ending the previous session mostly lower. The major averages have climbed firmly into positive territory, more than offsetting yesterday’s losses. Currently, the major averages are holding on to strong gains. The Dow is up 223.70 points or 0.9 percent at 25,474.25, the Nasdaq is up 74.48 points or 1... Read More

Dow opens up by more than 200 points, but Wall Street remains skittish

Dow opens up by more than 200 points, but Wall Street remains skittish
U.S. stock benchmarks on Tuesday kicked off trade firmly higher as investors focused on strong corporate results, which have helped to lift otherwise shaky sentiment. The Dow Jones Industrial Average DJIA, +0.87% rose 235 points, or 0.9%, at 25,480, the S&P 500 index SPX, +0.80% advanced 0.7% at 2,770, while the Nasdaq Composite Index COMP, +1.10% added 1.1% at 7,507,... Read More

Dow’s earnings reporters providing a 92-point boost to futures’ rally

Dow’s earnings reporters providing a 92-point boost to futures’ rally
Of the 30 Dow Jones Industrial Average DJIA, +0.82% components, 29 are trading higher in the premarket, with the three that reported third-quarter earnings accounting for nearly a half of the gains in Dow futures YMZ8, +0.87% Of the other reporters, shares of UnitedHealth Group Inc. UNH, +2.73% climbed 3.2%, Goldman Sachs Group Inc. GS, +2.19% rose 2.2% and Johnson... Read More