Wall Street up for fourth day as China moves to limit coronavirus impact
However, the impact of the health emergency in China continued to show up in corporate reports. Chipmaker Qualcomm Inc flagged a potential threat to the mobile phone industry from the outbreak, with a possible impact on manufacturing and sales.At 8:26 a.m. ET, Dow e-minis 1YMcv1 were up 109 points, or 0.37%. S&P 500 e-minis EScv1 were up 10.5 points, or 0.31% and Nasdaq 100 e-minis NQcv1 were up 33.5 points, or 0.36%.
The fourth-quarter earnings season is more than half done with nearly 70% of S&P 500 companies exceeding their earnings estimates, according to IBES data form Refinitiv. Twitter Inc gained about 8.3% after the micro-blogging platform touched $1 billion in quarterly revenue for the first time ever, beating analysts’ estimates.Tesla Inc slipped 3.4%, falling for the second day after a stunning six-day rally.
As the week draws to a close, investor attention will shift to the crucial U.S. jobs report on Friday.Our Standards:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street jumps as China stimulus measures soothe virus worriesThe Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-d...
Read more »
Wall Street might actually be fine with Sanders moving to the front of the Democratic packA clash between President Donald Trump and the Vermont democratic socialist gathered more chatter Tuesday amid reports that Sanders showed impressively the day before in Iowa and is pushing closer to the front of the Democratic pack.
Read more »
Disney Delivers Impressive Streaming Numbers, Tops Wall Street Expectations With EarningsDisney is getting the year off to a strong start, beating Wall Street’s expectations for the quarter that encompassed the company’s giant leap into the new era of direct-to-consumer bus…
Read more »
Snap's quarterly sales miss Wall Street estimates and its stock plungesSnap Inc. reported quarterly sales that missed Wall Street estimates, sending the stock down about 12%.
Read more »
Tulsa searches for remains of victims of 1921 'Black Wall Street' race massacreTulsa officials announced plans to dig for mass graves that may have been used to dispose of as many as 300 victims of the city's race massacre nearly 100 years ago.
Read more »
Macy's tries to convince Wall Street America still needs department storesAs the embattled retailer tries to get back to profitability and sales growth, it is meeting with investors Wednesday in New York to rally support for its turnaround plans.
Read more »