US stocks rise on strong Q3 earnings

2021-10-27 15:17:47 GMT (Economies.com)
US stocks rise on strong Q3 earnings

The main US stock indices opened higher on Wednesday, to continue the record-breaking rally, after the release of strong quarterly business reports for the third quarter.

 

Alphabet, the parent company of the search engine Google and Microsoft reported yesterday strong profits and revenues in the third quarter, thanks to the cloud services and online advertising.

 

This came after Facebook, Tesla and Netflix also reported profits and revenues that topped analysts' expectations.

 

Data showed that the US durable goods orders index fell 0.4% in September, better than forecasts of a drop by 1.1%, and the core reading rose 0.4% in September, on par with forecasts.

 

The US goods trade balance recorded a deficit of $96.3 billion last month, more than forecasts of $88.2 billion.

 

As for stocks, Dow Jones rose 0.2% or 70 points to 35,820 as of 14:13 GMT, and S&P 500 rose 0.1% or 5 point to 4,580, while Nasdaq rose 0.2% or 35 points to 15,270.

 
 
 
  Symbol Last Change Chg.%
1.1325
0.0055
0.4849%
1.3327
0.0017
0.1270%
Tadawul
10810.60
-60.02
0.55%
22.830
-0.215
0.931%
67.640
-4.761
6.576%
71.61
-1.83
2.49%
1793.390
8.300
0.465%
 
 
US
 
Europe
 
Asia