|Day's Range||7,493.44 - 7,658.14|
|52 Week Range||6,517.93 - 8,133.30|
U.S. equities climbed Tuesday following a slew of third-quarter earnings reports from big banks and consumer companies, many of which beat Wall Street expectations in key metrics.
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Intuit’s (INTU) revenue rose at a four-year CAGR (compound annual growth rate) of 7% to $6 billion in fiscal 2018, which ended on July 31, 2018. The company’s net income improved at a four-year CAGR of 10% to $1.5 billion. The company’s Small Business & Self-Employed and Consumer segments generated 50% and 42% of its revenue, respectively, in fiscal 2018.
U.S. stocks rocketed to their biggest gain in six months Tuesday following strong earnings from major financial and health care companies as well as reports showing industrial output and job postings were rising.
Stocks close higher Tuesday with the Dow Jones Industrial Average rallying more than 500 points on upbeat earnings and robust economic data.
U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off. Wall Street's three major indexes tallied their biggest one-day percentage gains since March.
The Dow Jones Industrial Average rose more than 500 points Tuesday as stocks staged a sharp rally, buoyed by upbeat earnings that helped investors shake off last week's rout. The blue-chip gauge ended with a gain of around 548 points, or 2.2%, to end near 25,798, according to preliminary figures. The S&P 500 advanced 2.1% to end near 2,810, while the Nasdaq Composite advanced 2.9% to around 7,645. A round of upbeat earnings were credited with the rally. UnitedHealthGroup Inc. jumped 4.7% to lead Dow gainers after raising its full-year earnings outlook and beating third-quarter earnings and revenue expectations.
U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies, including UnitedHealth and Goldman Sachs, and solid economic data, as equities rebounded from a recent ...
ANSYS (ANSS), Cadence Design Systems, Adobe Systems, and Intuit were the four application software companies that fell the most in the week that ended on October 11. F5 Networks, Citrix Systems, Microsoft, and Automatic Data Processing were the business software and services companies that fell the most in the week.
The Dow Jones Industrial Average was trading sharply higher midday Tuesday, putting blue chips on track to book the best one-day gain since March. The Dow was up about 492 points, or 2%, at 25,739. If it holds the gain would represent the best point and percentage climb since March 26. Tuesday's rally was partly on the back of a surge in shares of component UnitedHealth Group Inc., which was delivering a roughly 70-point jolt to the price-weighted equity gauge. Share rises for UnitedHealth come after the health-care company raised its full-year earnings outlook and said it continues to see growth in health-care plan membership and premiums. Meanwhile, the S&P 500 index was climbing 2% at 2,804 and the Nasdaq Composite Index advanced by 2.6% to 7,620. Wall Street investors appear to be focusing upbeat earnings, including those from Goldman Sachs Group Inc. , Johnson & Johnson and Morgan Stanley .
U.S. stocks surged on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off. Wall ...
The Cboe Volatility Index VIX, a measure of implied volatility on Wall Street, fell nearly 16% to just below 18 on Tuesday, putting the index on pace for its sharpest daily drop since February, according to FactSet data. The decline in the VIX to around 17.94 puts its on pace to mark the largest one-day stumble since Feb. 14. The move comes after the VIX hit its highest level in months to close at 24.98 amid a broad rout for equity benchmarks. Wall Street's so-called "fear index" is a measure of bearish and bullish options bets on S&P 500 in the coming 30 days and tends to fall as stocks rise and vice versa. Both implied and realized volatility have been surging in recent days. Tuesday's gains came as the Dow Jones Industrial Average jumped 500 points, the S&P 500 index climbed 1.9% and the Nasdaq Composite Index was trading more than 2%. Last week, investors reacted to a recent surge in government bond yields, with the 10-year Treasury note yielding 3.26%.
The three main Wall Street indexes rose more than 1.5 percent on Tuesday as upbeat earnings from blue-chips such as Johnson & Johnson and Goldman Sachs eased jitters over the impact of rising interest rates and tariffs on corporate profits. Insurer UnitedHealth rose 3.8 percent and J&J 2.1 percent after the two Dow components topped estimates for quarterly profit and boosted their earnings forecast for the year.
All of the S&P 500 index sectors on Tuesday were trading in positive territory, and 10 of those sectors boast gains of at least 1%, led by 2.3% surge in the information technology sector. The S&P 500 index was up 1.6% at 2,794, trading at around session highs, with the tech sector up 2.5%, and health-care stocks rallying by 2.2%. The tech-heavy Nasdaq Composite Index , meanwhile, was up 2.1% at 7,589 and the Dow Jones Industrial Average climbed by more than 400 points or 1.6% at 25,656. A day earlier technology and internet-related shares led U.S. stocks to modest losses. On Tuesday, Wall Street stocks, after a mostly downbeat stretch for equity benchmarks, were rising on the back of a strong round of quarterly corporate resulst from banks Goldman Sachs Group Inc. , Morgan Stanley , and health-care names UnitedHealth Group Inc. and Johnson & Johnson .
Technically speaking, the major U.S. benchmarks have reversed from multi-month lows, rising in the wake of an aggressive October downdraft, writes Michael Ashbaugh.
Stellar profit numbers and strong economic data have combined to erase many of the worries that caused last week’s decline.
Ericsson (ERIC) stock has returned 43% in the last 12 months, -3% in the last month, and 4.7% in the last five trading days. In comparison, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have returned 4.8% and 12.5%, respectively, in 2018. Of the 12 analysts tracking Ericsson, four have recommended a “buy,” six have recommended a “hold,” and two have recommended a “sell” for the stock.