Wall Street closes with gains after strong earnings

Tuesday, 18. October 2022 22:00

Major stock exchanges on Wall Street closed the trading session on Tuesday recording gains following the release of strong corporate earnings that pushed the equities to extend the rally. Following the closing bell, investors will receive quarterly earnings reports from Netflix and United Airlines.

In addition, industrial production gained 0.4% in September compared to the expected 0.1%. In tech news, Apple Inc. revealed the new iPad Pro, Apple TV 4K, while Salesforce Inc. skyrocketed by 7.5% in premarket trade following the news that Starboard acquired a stake in the software company.

The Dow Jones Industrial Average surged by 343 points or 1.12% as Salesforce Inc. soared by 4.31%. The Nasdaq 100 closed the session, recording a 0.77% increase with Pinduoduo Inc. gaining 5.21%. The S&P 500 jumped by 1.16% at the closing bell, with Carnival skyrocketing by 11.14%.

The euro rose by 0.14% against the American currency, to change hands to $0.98573 at 4:05 pm ET.

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Author:
Baha Breaking News (BBN) / AB