Wall Street stocks rose again today, with the Nasdaq climbing above 6,000 for the first time and the Dow surging following a series of mostly strong earnings from blue-chip companies. About 10 minutes into trading, the Nasdaq Composite Index was at 6,008.62, up 0.4 per cent over Monday’s record close. The Dow Jones Industrial Average jumped 0.9 per cent to 20,955.15, while broad-based S&P 500 advanced 0.4 per cent to 2,384.61.
Earnings standouts included Caterpillar, which jumped 6.9 per cent, after scoring its first increase in quarterly sales in two-and-a-half years, and McDonald’s, which rose 3.1 per cent after reporting that global comparable sales rose 4.0 per cent as earnings bested analyst expectations.
The gains came on the heels of a strong session in global equity markets Monday, when the Nasdaq finished at an all-time high and markets in Europe won large gains after centrist candidate Emmanuel Macron turned in a strong performance in the first round of the French presidential election, and appears favored to win the May 7 runoff.
Watch this also:
Among other Dow companies reporting earnings, Coca-Cola dipped 0.1 per cent, 3M shed 0.6 per cent and DuPont won 2.7 per cent. Lockheed Martin lost 2.6 per cent after reporting that first-quarter profit fell 15 per cent to $763 in results that lagged analyst expectations.