Wall St. Rallies for Fifth Straight Session on Tech Lift
- 6 years ago
Wall St. Rallies for Fifth Straight Session on Tech Lift
(Reuters) - Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries
that sent the market into a sell-off at the start of the month.
Following many forecast increases by corporations in recent weeks, analysts on average now expect S&P 500 companies
to increase their earnings per share in 2018 by 18.9 percent, according to Thomson Reuters I/B/E/S.
Leo Grohowski said that In the midst of all the nervousness of the past two weeks, we’re winding out a really strong earnings reporting season,
The Dow Jones Industrial Average rose 306.88 points, or 1.23 percent, to 25,200.37, the S&P 500 gained 32.57 points, or 1.21 percent, to 2,731.2
and the Nasdaq Composite added 112.82 points, or 1.58 percent, to 7,256.43
(Reuters) - Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries
that sent the market into a sell-off at the start of the month.
Following many forecast increases by corporations in recent weeks, analysts on average now expect S&P 500 companies
to increase their earnings per share in 2018 by 18.9 percent, according to Thomson Reuters I/B/E/S.
Leo Grohowski said that In the midst of all the nervousness of the past two weeks, we’re winding out a really strong earnings reporting season,
The Dow Jones Industrial Average rose 306.88 points, or 1.23 percent, to 25,200.37, the S&P 500 gained 32.57 points, or 1.21 percent, to 2,731.2
and the Nasdaq Composite added 112.82 points, or 1.58 percent, to 7,256.43