Bank of America Corp. and Morgan Stanley added at least 1.6 percent, following a rally in European lenders. Caterpillar Inc. and Alcoa Inc. advanced more than 1.2 percent to pace gains among companies most-tied to the economy. Boeing Co. climbed 4.7 percent as earnings topped analysts' estimates. Amazon.com Inc., the world's largest Internet retailer, tumbled 9.2 percent after its profit plunged as it ramped up spending on new products.
The S&P 500 added 1 percent to 1,241.40 as of 9:41 a.m. New York time. The benchmark gauge for U.S. equities dropped 2 percent yesterday. The Dow Jones Industrial Average gained 139.94 points, or 1.2 percent, to 11,846.56 today.
“Europe is getting closer to resolving some of the debt issues and particularly as it pertains to dealing with Greece,” Hank Smith, chief investment officer at Haverford Trust Co. in Radnor, Pennsylvania, said in a telephone interview. His firm manages about $6.1 billion. “A credible resolution in Europe could send the stock market significantly higher by year-end,” he said. “In the U.S., both economic and earnings data suggest that the we're not going into a recession.”
The S&P 500 rose from the threshold of a bear market early in October on steps by European leaders to support banks and higher-than-estimated corporate earnings. The benchmark gauge for American equities has rallied 8.6 percent in October through yesterday, following a five-month decline. For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
us stock
- U.S. Stock Futures news today february 14 2013
- U.S. stocks market rose today Rise on Earnings
- Barack Obama invited congressional leaders to the White House a last-ditch effort to broker a deal
- NASDAQ, Dow Jones, S&P Analysis today dec 27 2012
- Chart S&P 500 price target forecast 2013
- Impact U.S. budget crisis stock market drop
- U.S. stock Dow Jones futures Down today
- Analysis Stock market down november 15 2012
- U.S. stock futures Dow Jones rose november 12 2012
- analysis S&P 500 index next week nov 12-16 2012
- Why Stocks market and dollar down after obama win
- Hurricane Sandy will close U.S. stock markets
- Stock market will focus US election next week october 29 2012
- Why Wall Street Stock down october 17 2012
- Impact U.S. Presidential election on financial market november 2012
- U.S. stock futures ahead of payrolls report 10/5/2012
- U.S. stock futures Dow Jones up 9/28 2012
- Dow jones futures outlook september 12 2012
- U.S. stock Dow Jones futures higher september 11 2012
- US. Stocks Market closed september 4 2012
- US. Stock futures higher wait Bernanke speech 8-31-2012
- US Stock Dow jones Futures Down 8/30/2012
- U.S. Stocks Movers 8/27/2012
- US. Stock dow jones futures fell 8/27/2012
- S&P 500 outlook next week august 27-31 2012
No comments:
Post a Comment