Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Stocks - Wall Street Rallies on Strong Earnings Results

Published 2018-10-19, 09:39 a/m
Updated 2018-10-19, 09:55 a/m
© Reuters.  Wall Street was higher on Friday.

© Reuters. Wall Street was higher on Friday.

Investing.com - The Dow rebounded on Friday as Procter & Gamble posted stronger-than-expected earnings results, ending a week of volatile trading on Wall Street.

The S&P 500 rose 13 points, or 0.47%, to 2,781.88 as of 9:38 AM ET (13:38 GMT), while the Dow increased 102 points, or 0.41%, to 25,482.37 and the tech-heavy Nasdaq Composite was up 53 points, or 0.72%, to 7,538.93.

P&G (NYSE:PG) was up 6.24% after the consumer goods giant reported diluted earnings per share of $1.22.

PayPal (NASDAQ:PYPL) was among other gainers, surging 9.08% after its earnings beat estimates, while Tesla (NASDAQ:TSLA) increased 1.69% after CEO Elon Musk introduced a lower-cost Model 3 car. Other technology stocks were also higher, with Amazon (NASDAQ:AMZN) increasing 1.04% and Apple (NASDAQ:AAPL) gaining 1.52%.

Meanwhile, Honeywell (NYSE:HON) slumped 1.30% despite beating estimates and reporting an increase in e-commerce drove sales of warehouse machinery.

EBay (NASDAQ:EBAY) was down 8.53% after news it is suing Amazon.com for allegedly poaching its top seller, while General Electric (NYSE:GE) inched down 0.08%.

In commodities, gold futures decreased 0.03% to $1,229.70 a troy ounce, while crude oil futures rose 1.03% to $69.36 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, decreased 0.06% to 95.66.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.