Wall Street closed higher after Verizon and other big companies reported fatter profits for the summer than expected. The S&P 500 rose 0.7% Tuesday. The Dow added 204 points, and the Nasdaq composite climbed 0.9%. The pace is picking up for profit reports, and the hope is that companies in the S&P 500 will report their first growth in a year.
The pace is picking up for profit reports, and the hope is that companies in the S&P 500 will report their first growth in a year.
Such strength is crucial for the stock market, which has slumped under the weight of higher bond yields.The S&P 500 rose 30.64 points, or 0.7%, to 4,247.68.The Nasdaq composite rose 121.55 points, or 0.9%, to 13,139.87The Nasdaq is up 156.07 points, or 1.2%The Dow is down 5.87 points, less than 0.1%.
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