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US stocks close higher amid anticipation of more earning reports

Economies.com
2021-10-19 21:21PM UTC

US stock indices rose on Tuesday, lifted by a slew of strong earnings results for the third quarter.

 

The US building permits index was at 1.59 million last month, lower than forecasts of 1.67 million.

 

The housing starts index was at 1.56 million units in September, lower than forecasts of 1.61 million units.

 

Several major companies reported their quarterly business results, as Johnson & Johnson and Netflix reported today their earnings results for the third quarter.

 

To the oil market, WTI crude November futures rose 0.6% or 52 cents, and closed at $82.96 a barrel.

 

Brent December futures rose 0.9% or 75 cents, and closed at $85.08 a barrel.

 

As for stocks, Dow Jones rose 0.5% or 198 points, and closed at 35,457, with a day high of 35,462, and a low of 35,290.

 

S&P 500 rose 0.7% or 33 points to 4,519, after hitting a high of 4,520 and a low of 4,496 points.

 

Nasdaq rose 0.7% or 107 points to 15,129, with a high of 15,137 and a low of 15,049.

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