US Indices end higher with the push of strong earnings

The Wall Street ends trade in green with the strong push of Quarterly earnings

Oct 25, 2017 03:10 IST India Infoline News Service

The last trading session saw a strong upheaval in the market, with the Wallstreet indices ending higher. Benchmark indices ended higher, and the uptrend was a result of the strong earnings from the US manufacturers.

The report from Caterpillar Inc and 3M Co indicated better-than-expected quarterly earnings, thereby giving a push to Dow Jones Industrial Average to reach fresh highs.

President Trump’s tax reforms plans are expected to pick up steam by the year-end, and this has kept the investor sentiment buoyed.

Market participants are expected to track the earnings-heavy week.

The quarterly results of Alphabet Inc, Microsoft Corp, Twitter Inc, Ford Motor Co, Volkswagen AG, and Boeing Co are expected to hit the market this week.

Dow Jones Industrial Average rose by 0.72% to 23,441.76 points.

S&P 500 gained by 0.16%  to 2,569.13 points.

Nasdaq Composite ended the trade in positive, rising to 6,598.42 points, up by 0.18%.

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