U.S. stocks closed higher for a second straight day on Tuesday as solid quarterly results from Goldman Sachs and Lockheed Martin (NYSE:LMT) lessened worries of a weak earnings season. Goldman Sachs Group Inc (NYSE:GS) gained 2.33% after reporting a smaller-than-expected drop in quarterly profit as a boost in net interest income cushioned the blow from a slowdown in investment banking.
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Times of India
US stocks open higher as Goldman, J&J results lift mood; Dow jumps 600 points, Nasdaq climbs 2%
The Nasdaq Composite led the way with a gain of 2.6%. The Dow Jones Industrial Average rose 600 points, or about 2%. The S&P 500 added 2.2%.
US stock market = continued, favorable financial results received by Goldman, etc.
[NEW YORK 18th Reuters] - The US stock market continued to grow and closed trading. It received strong quarterly financial results from Goldman Sachs and Lockheed Martin. Closing price% opening price high low price code Dow Jones Industrial 30 types 30523.80 +337.98 +1.12 30697.5 30837. 303083 previous business day closing price 30185.82 NASDAQ Comprehensive 10772.40 +96.60 +0.90 10963.9 10972. 10670. 997 12 Previous Business Day Closing Price 1…
Goldman Sachs, Lockheed Martin rise; Hasbro, Conn's fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:Goldman Sachs Group Inc., up $7.14 to $313.85.The investment bank’s third-quarter profit and revenue beat analysts’ forecasts.Marten Transport Ltd., down $1.48 to $18.52.The trucking company’s third-quarter earnings fell short of Wall Street forecasts.Aveo Pharmaceuticals Inc., up $4.44 to $14.92.LG Chem is buying the biopharmaceutical company for about $566 mill…
Wall Street Opens Higher as Goldman, J&J Results Lift Earnings Mood
Wall Street’s main indexes opened higher on Tuesday as strong earnings from Goldman Sachs and Johnson & Johnson lifted hopes that upbeat corporate reports could soothe market worries of a potential recession due to rising inflation and interest rates.
The Dow Jones Industrial Average rose 511.7 points, or 1.70 percent, at the open to 30,697.52. The S&P 500 rose 68.3 points, or 1.86 percent, at the open to 3,746.26, while the Nasdaq Composite ro…