U.S. stocks closed sharply higher Monday as quarterly corporate earnings picked up steam. The Dow Jones Industrial Average gained about 550 points, or 1.9%, ending near 30,188:
U.S. stocks closed sharply higher Monday as quarterly corporate earnings picked up steam and the S&P 500 recorded its best daily percentage gain since Oct. 4, according to FactSet data. The Dow Jones Industrial Average DJIA, +1.86% gained about 550 points, or 1.9%, ending near 30,188, while the S&P 500 index SPX, +2.65% advanced 2.7%. But it was the technology-heavy Nasdaq Composite Index COMP, +3.
43% that led the way higher for the three big stock indexes with a 3.4% gain. The bounce in stocks came after the U.K.'s new Chancellor of the Exchequer Jeremy Hunt reverse most of the previously announced"mini-budget," including unfunded tax cuts and a reduction to energy benefits. Investors in the U.S. also have been focused on corporate earnings, including results from lending giant Bank of America BAC, +6.06% as it reported a"resilient and strong" U.
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.
San Diegan who funded ISIS efforts to be sentenced Monday, Oct. 17 -SAN DIEGO (KUSI) – A former San Diego resident who helped fund the travel of North Americans who fought overseas for ISIS was slated to be sentenced today to a federal prison term. Abdullahi Ahmed Abdullahi, 37, pleaded guilty last year to federal charges stemming from his financial assistance of six Americans and Canadians who traveled to Syria to engage...
Read more »
NHL picks and predictions for Monday, Oct. 17: Bruins, Jets provide valueTwo NHL underdog bets to target for Monday.
Read more »
Flooding in Nigeria kills 500, displaces 1.4 million, government saysThe floods have also injured 1,546 people and completely destroyed 70,566 hectares of farmland and 45,249 homes, according to officials.
Read more »
Pairs in Focus This Week-S\u0026P 500,EUR/USD,Gold,Oil,BTC/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 16th, 2022 here.
Read more »
One of Wall Street's biggest bulls just cut their year-end S&P 500 target to 4,000Oppenheimer’s top markets guru has just cut his year-end price target for the S&P 500 for the second time in three months, as one of the most bullish research shops on Wall Street continues to play catch up with falling equity prices.
Read more »