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Dow, S&P 500 end up; earnings a boost

Thursday, October 26, 2017 - 00:56

The Dow and S&P 500 ended higher after a round of positive earnings, but gains were curbed and the Nasdaq lost ground on a drop in the healthcare sector. Roselle Chen reports.

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U.S. stocks gained ground, with support from upbeat corporate results. But the Nasdaq stayed in the red. As third-quarter earnings season nears the half-way mark, over 70 percent of companies have topped expectations. Kate Warne, investment strategist at Edward Jones. (SOUNDBITE) KATE WARNE, INVESTMENT STRATEGIST, EDWARD JONES (ENGLISH) SAYING: "I really think it's strong earnings as well as greater comfort about economic growth and the global financial picture. But, I think, it's really earnings that are the key focus at this point and earnings are better than expected." Twitter stock jumped after the company said it could turn its first ever profit in the fourth quarter. DowDuPont was up on an estimate that it will beat on profit when it reports next week. On the flipside... Celgene shares plunged after reporting lower-than-expected sales for its psoriasis drug and lowering outlook. Bristol-Myers Squibb was down as well on weaker-than-expected profit. In Europe, stocks ended in the green.

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Dow, S&P 500 end up; earnings a boost

Thursday, October 26, 2017 - 00:56