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NewsBreak: Dow Jumps More Than 300 as Earnings Delight

Stock Markets Oct 15, 2019 02:38PM ET
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Investing.com – Stocks jumped Tuesday and the Dow briefly showed a gain of more than 300 points as Wall Street cheered third-quarter earnings.

  • The blue-chip index was up 1.1%. A gain of 300 points would be its second in three sessions. The S&P 500, up 1.2%, was trading above 3,000. The index hasn't closed above 3,000 since Sept. 19. The Nasdaq Composite was up 1.4%.
  • Catalysts included bullish earnings from JPMorgan Chase (NYSE:JPM) and UnitedHealth Group (NYSE:UNH), news of progress in settling a strike at General Motors (NYSE:GM) and a report that deputy-level trade talks between China and the United States will be held later this week.
  • JPMorgan, Home Depot (NYSE:HD) and homebuilder PulteGroup (NYSE:PHM) were among stocks hitting new highs.
  • NewsBreak: Dow Jumps More Than 300 as Earnings Delight
     

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    Comments (4)
    Rami Daoudi
    Rami Daoudi Oct 15, 2019 3:33PM ET
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    Earnings delight..Jesus christ
    Tim Boyd
    Tim Boyd Oct 15, 2019 3:03PM ET
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    "Delight". Who's writing these headlines? Willy Wonka?
    Teddy Bazile
    Teddy Bazile Oct 15, 2019 3:03PM ET
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    lmao..
    Jim Robertson
    Jim Robertson Oct 15, 2019 2:56PM ET
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    Think of an animated Gif with Barry Sanders waving his hands, singing to RHCPeppers " I don't wanna be a miser' , and singing in the background are AOC, Omar, Warren, Biden and the gang singing ' Give it away, give it away, give it away now!'. And ask yourself, 'Who you going to vote for? Duh, Trump.
    Dennis Curcio
    Dennis Curcio Oct 15, 2019 2:55PM ET
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    who writes this pablum?   The markets are up because it's s&P expiry week and the put options sellers - the big banks and hedges are crushing the put bag holders.  Typical expiry week pump and dump.
     
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