US stocks keep gains on strong corporate earnings

2021-10-20 22:33:13 GMT (Economies.com)
US stocks keep gains on strong corporate earnings

US stock indices rose on Wednesday, thanks to more strong earnings results for the third quarter.

 

The White House revealed a plan to vaccinate children from 5 to 11 years old against the coronavirus.

 

The US Food and Drug Administration fully approved the Pfizer-BioNTech Covid-19 vaccine, after clinical tests proved its safety for use, and the vaccine was also tested on children and proven safe.

 

Netflix announced more new subscribers in the third quarter, and profits and revenues that topped analysts' expectations.

 

Investors are awaiting the release of Q3 earnings reports by major tech, energy, automobile and other companies.

 

To the oil market, WTI crude November futures rose 1.1% or 98 cents, and closed at $83.87 a barrel.

 

Brent December futures rose 0.9% or 74 cents, and closed at $85.82 a barrel.

 

As for stocks, Dow Jones rose 0.4% or 152 points, and closed at 35,609, with a day high of 35,669, and a low of 35,465.

 

S&P 500 rose 0.4% or 16 points to 4,536, after hitting a high of 4,540 and a low of 4,524 points.

 

Nasdaq fell 0.1% or 7 points to 15,121, with a high of 15,178 and a low of 15,071.

 
 
 
  Symbol Last Change Chg.%
1.1323
0.0053
0.4676%
1.3322
0.0012
0.0928%
Tadawul
10810.60
-60.02
0.55%
22.819
-0.226
0.979%
67.646
-4.755
6.568%
71.20
-2.24
3.05%
1792.995
7.905
0.443%
 
 
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Europe
 
Asia