World News | Wall Street Opens Higher, Following Gains in Overseas Stocks
Get latest articles and stories on World at LatestLY. Stocks are opening solidly higher on Wall Street, following up on gains in overseas markets. The S&P 500 climbed another 0.5 per cent in early trading Wednesday.
New York, Aug 5 (AP) Stocks are opening solidly higher on Wall Street, following up on gains in overseas markets. The S&P 500 climbed another 0.5 per cent in early trading Wednesday.
Treasury yields and small-company stocks rose, both signals that pessimism about the prospects for the economy may be diminishing.
Prices for crude oil and gold also rose. Disney rose after reporting earnings that, despite being down sharply from a year earlier because of coronavirus shutdowns, still managed to beat the forecasts of Wall Street analysts.
Financial companies were doing particularly well. Prudential Financial climbed after reporting better-than-expected results in its latest quarter. (AP)
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)