US stocks rise amid earnings
Thursday, 30 July 2015
US stocks rose on Wednesday as investors assessed earning ahead of a statement from the US Federal Reserve that could give clues regarding the timing of a rate hike. At 12:50 am ET, the Dow Jones industrial average was up 104.29 points, or 0.59 per cent, at 17,734.56, the S&P 500 was up 10.24 points, or 0.49 per cent, at 2,103.49 and the Nasdaq Composite was up 9.37 points, or 0.18 per cent, at 5,098.58. Nine of the 10 major S&P sectors were higher with the telecommunications index's 1 per cent rise leading the advancers. Twitter shares fell as much as 14.3 per cent to a year-low of $31.30. Yelp slumped as much 29.4 per cent to a nearly two-year low of $23.66. Cytec soared 26.5 per cent to $15.45. General Dynamics rose 6.3 per cent. Advancing issues outnumbered decliners on the NYSE by 2,087 to 882. On the Nasdaq, 1,536 issues rose and 1,120 fell. The S&P 500 index showed 25 new 52-week highs and one new lows, while the Nasdaq recorded 41 new highs and 56 new lows, according to Reuters.
-SRS