US: Stocks up in early trade
[NEW YORK] Apple's strong earnings helped push US stocks higher in opening trade Tuesday, offsetting the impact of third quarter profit drops from Coca-Cola and McDonald's.
Five minutes into trade, the Dow Jones Industrial Average stood at 16,474.39, up 74.72 points (0.46 per cent).
The broad-based S&P 500 jumped 16.02 (0.84 per cent) to 1,920.03, while the tech-rich Nasdaq Composite Index gained 48.70 (1.13 per cent) to 4,364.77.
Apple, the biggest US company by market capitalization, vaulted 3.1 per cent as fourth-quarter profits jumped 13 percent to US$8.5 billion on strong iPhone sales.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Stocks rise as Federal Reserve tamps down hike fears; yen leaps
Japanese companies struggle with yen’s continued weakness
Singapore stocks open stronger on Thursday; STI up 0.5%
Stocks to watch: DBS, Olam, Parkway Life Reit, Japfa, CSE Global
Europe: UK’s FTSE 100 slips ahead of Fed outcome, energy stocks weigh
US: Stocks end mostly lower in volatile reaction to Federal Reserve