U.S. stocks rose Thursday after better-than-expected earnings reports from Bank of America and other major companies.
The Dow Jones Industrial Average jumped about 505 points, or 1.5%. The S&P 500 gained 1.6% and the Nasdaq Composite added 1.7%.
Third-quarter earnings season continued Thursday with several big banks and Dow members reporting financial results before the bell.
Eight members of the S&P 500 reported earnings this morning and all eight beat earnings-per-share expectations from Wall Street.
“So far, the overwhelming majority of large US companies have been able to generate higher profitability despite rising labor costs because sales growth has been so robust. We expect the same to be true in 3Q,” Mark Haefele, chief investment officer of UBS Global Wealth Management, said in a note Thursday
https://www.cnbc.com/2021/10/13/stock-market-futures-open-to-close-news.html
- OtterBox 15W MagSafe Wireless Charging Stand, Cable, and Power Adapter Bundle $14.95 (4 replies)
- PG&E agrees to $7 million fine for Calif. fire as prosecutors weigh charges
- $34.99: Ravensburger Disney Lorcana TCG: Archazia's Island Illumineer's Trove at Amazon (0 replies)
- Thieves use SUV to steal ATM in brazen downtown L.A. daytime heist
- Hiker in 'very altered mental state' rescued after 300-foot fall on Mount Whitney
- Chaps Men's Long Sleeve Classic Fit CVC Woven Shirt $9.61 + Free S&H w/ Walmart+ or on $35+ (0 replies)
- Seapeoa Electric Rechargeable Toothbrush w/ 10-Count Brush Heads & Travel Case $9.49 + Free Shipping w/ Prime or on $35+ (0 replies)
- $234.99: 27" Samsung S80UA 4K UHD 60Hz IPS HDR10 90W USB-C Monitor at Amazon (1 replies)
- 'American Nightmare' rapist pleads guilty to additional charges
- Zojirushi NW-QAC18 10-Cup Capacity Flat-Top Induction Cooker and Warmer $257.55 (3 replies)
- Supreme Court joins Trump and GOP in targeting California's emission standards
- MSI FORCE GC300 Wireless/Wired PC Gamepad Controller (White) $35 + Free Shipping w/ Prime or on $35+ (2 replies)
- 200-Yard 40-Pound Test SpiderWire Stealth Superline Fishing Line (Moss Green) $6.49 + Free Shipping w/ Prime or on $35+ (0 replies)
- Dry, windy weekend heightens California's wildfire risks, triggering power shutoffs for thousands
- YMMV: DQ: Dairy Queen: BOGO: Buy One BLIZZARD® Treat at Regular Price, Get One FREE (14 replies)