· The Dow Jones Industrial Average rose on Tuesday as the corporate earnings season kicked into full gear, while also getting a boost from Boeing shares.
The 30-stock Dow ended the day up 67.89 points at 26,452.66 as Boeing gains 1.7%. Shares of the aerospace giant rose after the Federal Aviation Administration said in a report an update to the 737 Max software is “operationally suitable. ”
The Nasdaq Composite advanced 0.3% to 8,000.23 while the S&P 500 eked out its 12th gain in 14 sessions as the financials sector outperformed. While the S&P 500 only gained 0.05% to close at 2,907.06, it did inch closer to 2,940, a record high set in late September.
“The catalyst we needed to test that 2,940 all-time high was earning,” said Jeff Kilburg, CEO of KKM Financial. “If we continue to see earnings beat expectations, we’re going to see a new all-time high put in.”
· European stocks closed higher on Tuesday, as investors monitored a fresh batch of corporate earnings and supportive economic data.
The pan-European STOXX 600 index closed provisionally almost 0.4% higher, with most major bourses and sectors in positive territory.
· Stocks in the Asia rose in Wednesday morning trade, ahead of the release of key economic data from China.
Japan’s Nikkei 225 advanced 0.3 percent in early trade, with shares of index heavyweight Fanuc jumping more than 1 percent. The Topix index also gained 0.31 percent.
Over in South Korea, the Kospi was near flat. Shares of industry heavyweight Samsung Electronics and chipmaker SK Hynix advanced 0.21 percent and 1.87 percent, respectively.
Meanwhile, the ASX 200 in Australia fell around 0.14 percent as the sectors traded mixed.
Reference: CNBC
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