NEW YORK (Reuters) – Wall Street
All rights reserved. three major US stock indexes were up about 1%, bringing the bellwether to S&P 500 to within 2% of all-time high reached on April 30.
results and data pointing to a strong US
Cisco Systems jumped 7.2% and shares were on track -expected quarterly results.
On the economic front, groundbreaking on new US
The S&P 1500 Homebuilding Index was up 1.4%.
In the separate report from the Labor Department David Carter, chief investment, said: "Outside of the trade conflict, we're seeing healthy earnings," Officer at Lenox Wealth Advisors in New York.
Washington placed Huawei Technologies Co on a blacklist which bans it from acquiring components and technology from U.S.
"Shares of Huawei Suppliers Qorvo Inc, Skyworks Solutions Inc, Qualcomm Inc, Xilinx Inc and Micron Technology Inc were
The Philadelphia SE Semiconductor Index was down 1.6%
Electric Automaker Tesla Inc.
19659016] Ride-hailing companies Uber Technologies and Lyft Inc were enjoying a third day of the day. Their shares were up 4.4% and 3.9%, respectively.
The Dow Jones Industrial Average 241.74 points, or 0.94%, to 25.889.76, the S&P 500 earned 31.19 points, or 1.09%, to 2,882.15 and the Nasdaq Composite added 87.01 points, or 1.11%, to 7.909.16.
All 11 major sectors in the S&P 500 were the positive territory,
] The mostly upbeat first-quarter earnings season is beginning to wind down with 457 S&P 500 companies having reported.
Analysts now expect first-quarter earnings growth of 1.4%, a significant improvement over the 2% loss expected on April 1.
Advancing issues outnumbered declining ones on the NYSE by a 2.63-to-1 ratio; is the Nasdaq, the 1.55-to-1 ratio favored advancers
The S&P 500 posted 51 new 52-week highs and 1 new lows; The New Nasdaq Composite Recorded by 87 New Highs and 59 New Lows
(Reporting by Stephen Culp; Editing by Bernadette Baum)