Dow up over 100 pts in premarket on strong earnings

Monday, 28. October 2019 13:25

Stock markets were set for strong gains in the first session of the week, judging by premarket moves. Apart from the Dow rising over 100 points in premarket trade on Monday, the S&P 500 was also on the course to break the current record of 3024,47.47 points at the open, after nearly setting a fresh one at the close on Friday.

Investors' sentiment was buoyed by strong earnings from, among others, Walgreens, AT&T, and Spotify, whose quarterly corporate results beat market expectations.

The Dow Jones was up 101 points at 8:25 am ET, while the S&P 500 and the Nasdaq 100 gained 0.27% and 0.36% respectively.

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