US stocks rise ahead of Apple earnings | Fin24

US stocks rise ahead of Apple earnings

Nov 01 2018 16:19

Wall Street stocks rose early on Thursday as the market sought three straight positive sessions ahead of Apple earnings and a closely-watched US employment report.

About 10 minutes into trading, the Dow Jones Industrial Average stood at 25 270.02, up 0.6%.

The broad-based S&P 500 and tech-rich Nasdaq Composite Index also climbed 0.6%, the former rising to 2 726.69 and the latter to 7 351.80.

US stocks finished a dismal October on a positive note, rising both on Tuesday and on Wednesday, with analysts saying stocks had been oversold following a rout spurred by worries over slowing earnings growth, higher US interest rates and increased geopolitical risk.

The market faces a host of potential catalysts in the coming days, including Apple earnings after today's trading session, the October jobs report on Friday and the midterm congressional elections next Tuesday.

Apple shares were down 0.1% early on Thursday.

Among other individual companies, DowDuPont shot up 7.1% after reporting third-quarter earnings of 74 cents per share, three cents above analyst expectations.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

equities  |  wall street  |  markets


Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Should it be mandatory for SA companies to report pay discrepancies between men and women?

Previous results · Suggest a vote