Dow up 500 pts at close after earnings, data

Tuesday, 19. April 2022 22:00

Stock markets in the United States recorded strong gains at the end of trading on Tuesday, with optimism seemingly sparked by the latest set of earnings reports by J&J, Halliburton and Lockheed Martin. Netflix and IBM quarterly data is coming up after the closing bell. Elsewhere, a media report claimed that Elon Musk is prepared to allocate as much as $15 billion "of his own money" to fund the acquisition of Twitter.

The Dow Jones Industrial Average index closed with a 1.45% or a 500-point surge as Nike rose by 4.12%. The Nasdaq 100 increased 2.15% at the close pushed up by Intuitive Surgical's 6.70% jump. The S&P 500 was 1.61% higher at the end of trading with Signature Bank, its best performer, soaring 8.10%.

The euro was flat compared to the dollar, going for 1.07866 at 3:59 pm ET.

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Author:
Baha Breaking News (BBN) / MS