- Title: Wall Street climbs on signs of trade progress
- Date: 21st October 2019
- Summary: NEW YORK, NEW YORK, UNITED STATES (OCTOBER 21, 2019) (REUTERS) (SOUNDBITE) (English) FIDUCIARY TRUST COMPANY INTERNATIONAL, SENIOR PORTFOLIO MANAGER, MANAGING DIRECTOR, AMY KONG, SAYING: "I think, at this point, you've only got about 15, maybe 20% at best, of the S&P 500 reporting, but so far the numbers have been decent. I think, going into most earnings seasons, people tend to be more pessimistic. And, if you look at the 15 - 20% of companies that have reported so far, interestingly, 80% of those companies have actually beat consensus numbers on the earnings side by the tune of 4%. So, it's still a little early, but so far pretty decent numbers, especially coming from some of the banks and some of the industrials."
- Embargoed: 4th November 2019 20:10
- Keywords: economy corporate earnings NYSE trade China New York Stock Exchange jobs equities closing bell
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA002B21KPSD
- Aspect Ratio: 16:9
- Story Text: The benchmark S&P 500 stock index rose within striking distance of a record high on Monday (October 21) as further signs of progress toward a resolution of the trade dispute between the United States and China helped boost shares in trade-exposed and economically sensitive sectors.
The Dow Jones Industrial Average rose 55.68 points, or 0.21%, to 26,825.88, the S&P 500 gained 20.51 points, or 0.69%, to 3,006.71 and the Nasdaq Composite added 73.44 points, or 0.91%, to 8,162.99
(Production: Aleksandra Michalska) - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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