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Wall St. advances as earnings, economic data beat expectations



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

Walmart rose

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)


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