News

Wall St. rises on earnings optimism, lira rebound

(Reuters) – Wall Street’s three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased contagion fears.

The S&P 500 and the Dow Jones Industrial Average ended four-day losing streaks with broadbased gains across industry groups.

The Dow Jones Industrial Average .DJI rose 112.22 points, or 0.45 percent, to 25,299.92, the S&P 500 .SPX gained 18.03 points, or 0.64 percent, to 2,839.96 and the Nasdaq Composite .IXIC added 51.19 points, or 0.65 percent, to 7,870.89.

Reporting by Stephen Culp; Editing by Susan Thomas

http://feeds.reuters.com/~r/reuters/businessNews/~3/lMUhdmU5EwY/wall-st-rises-on-earnings-optimism-lira-rebound-idUSKBN1KZ19R

Tagged ,

About Juan Robin II

Modest ... In A World Where Money Seems To Matter.
View all posts by Juan Robin II →