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Google Business NewsOct 16, 2018
Dow Surges as Strong Earnings Push the Blue-Chip Index Higher, Nasdaq Rises 2% - TheStreet.com

TheStreet.com


The Dow Jones Industrial Average rose sharply on Tuesday. The blue-chip index has closed lower for four out of the past five sessions. Goldman Sachs Group Inc.'s (GS) third-quarter earnings of $6.28 a share handily beat analysts' estimates. Walmart Inc.
Dow jumps 400 points, best da


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Dow rallies by 370 points and is poised for best day in about 2 months as earnings shine (MarketWatch MarketPulse)

MarketWatchOct 16, 2018
Metals Stocks: Gold ends at another multimonth high, but U.S. stock market rally limits the metal's rise
Gold futures edge up Tuesday to mark another finish at their highest since July, but a rally in the U.S. stock market limits gains for the precious metal.

MarketWatch MarketPulseOct 16, 2018
S&P 500 retakes 2,800 mark intraday amid broad stock-market surge
The S&P 500 Tuesday afternoon regained its purchase atop a psychologically significant level at 2,800, on the back of a health-care and technology-inspired stock rally. The S&P 500 , most recently, was up 1.9% at 2,802, returning to a level the broad-market benchmark lost grip on during a nasty Oct. 10 rout. The S&P 500 has declined seven of the past eight sessions (not including Tuesday). Tuesday's gains were broad based with all 11 of its sectors trading solidly higher. The day's rally comes amid apparent enthusiasm surrounding a batch of quarterly corporate results from UnitedHealth Group Inc. , Goldman Sachs Group Inc. and others that were seen as upbeat and reaffirming the vitality of earnings and an economic expansion that has thus far underpinned market gains. However, last week investors drove shares lower on fears of rapidly rising interest rates, which equate to higher borrowing costs for companies.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsOct 16, 2018
Global Stocks Jump, Helped by Strong Earnings in the US - U.S. News & World Report

U.S. News & World Report


Global stocks are rising sharply after strong results from US companies including Johnson & Johnson and UnitedHealth and investment banks Goldman Sachs and Morgan Stanley. Oct. 16, 2018, at 11:36 a.m.. More. U.S. News & World Report. Global StocksĀ ...


MarketWatch MarketPulseOct 16, 2018
Dow surges more than 450 points and is poised for best day in about 8 months
The Dow Jones Industrial Average was trading sharply higher midday Tuesday, putting blue chips on track to book the best one-day gain since early February. The Dow was up about 450 points, or 1.8%, at 25,700. That gain was partly on the back of a surge in shares of component UnitedHealth Group Inc., which was delivering a roughly 70-point jolt to the price-weighted equity gauge. Share gains for UnitedHealth come after the health-care company raised its full-year earnings outlook and said it continues to see growth in health-care plan membership and premiums. Meanwhile, the S&P 500 index was climbing 1.8% at 2,800 and the Nasdaq Composite Index advanced by 2.4% to 7,610. Wall Street investors appear to be focusing upbeat earnings, including those from Goldman Sachs Group Inc. , Johnson & Johnson and Morgan Stanley .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseOct 16, 2018
All 11 sectors of the S&P 500 trade firmly higher in tech-inspired afternoon rally
All of the S&P 500 index sectors on Tuesday were trading in positive territory, and 10 of those sectors boast gains of at least 1%, led by 2.3% surge in the information technology sector. The S&P 500 index was up 1.6% at 2,794, trading at around session highs, with the tech sector up 2.5%, and health-care stocks rallying by 2.2%. The tech-heavy Nasdaq Composite Index , meanwhile, was up 2.1% at 7,589 and the Dow Jones Industrial Average climbed by more than 400 points or 1.6% at 25,656. A day earlier technology and internet-related shares led U.S. stocks to modest losses. On Tuesday, Wall Street stocks, after a mostly downbeat stretch for equity benchmarks, were rising on the back of a strong round of quarterly corporate resulst from banks Goldman Sachs Group Inc. , Morgan Stanley , and health-care names UnitedHealth Group Inc. and Johnson & Johnson .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseOct 16, 2018
Netflix price target slashed at Morgan Stanley
Morgan Stanley cut Netflix's 12-month price target to $450 from $480 on Tuesday ahead of the streaming giant's earnings announcement, saying a stronger dollar and rising interest rates could increase costs for the company. This follows similar cuts by Raymond James, which lowered its price target to $400 from $445 on Monday, and Goldman Sachs, which lowered its price target to $430 from $470 on Friday. Despite the cut, Morgan Stanley maintained its overweight rating for Netflix, saying long-term prospects for the company are still bright, especially overseas. "European success reinforces view that Netflix, given time, can scale historically challenging pay-TV markets," analyst Benjamin Swinburne wrote in a note to investors. Netflix shares fell 2.8% last week among a broader market selloff, though they have gained 74% so far this year. The S&P 500 has gained 4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchOct 16, 2018
Cannabis Watch: Marijuana stocks to watch: Canopy Growth is the cannabis business's $4 billion gorilla
Smith Falls, Ontario-based Canopy Growth Corp. made headlines and drove cannabis stocks to new heights over the summer, after it announced that Corona beer-maker Constellation Brands Inc. was going to invest an additional $4 billion in the company.
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