Solid earnings reports push US stock indexes broadly higher

MARKETS: Stocks moved higher in early trading on Wall Street Thursday as investors focused on several solid earnings reports after a late bout of selling the day before.

Stocks moved higher in early trading on Wall Street Thursday as investors focused on several solid earnings reports after a late bout of selling the day before.

The steady flow of corporate earnings continued and several big-name companies reported surprisingly good results. The latest round of reports has been better than Wall Street initially expected just a month ago. Consumer product makers rose broadly following a solid earnings report from cereal maker Kellogg. Surprisingly good results from General Motors and Yum Brands sent consumer-oriented stocks higher.

KEEPING SCORE: The S&P 500 index rose 0.5% as of 10:16 a.m. Eastern time. The Dow Jones Industrial Average rose 124 points, or 0.5%, to 26,986. The Nasdaq composite rose 1%. Overseas, European markets were mixed and Asian indexes closed broadly lower.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ABC /  🏆 471. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Financials drive European stocks bounce after Fed hitEuropean shares recovered from early losses on Thursday as a solid batch of bank...
Read more »

Watch The Get Right Band Cover Jeff Buckley's 'Lover, You Should've Come Over' in the Paste StudioWatch TheGetRightBand do a Jeff Buckley cover in the Paste Studio:
Read more »

Analysts: Apple's earnings are 'good enough for now,' but iPhone decline 'remains unresolved'Wall Street analysts said Apple's earnings were solid but expect more from the iPhone going forward.
Read more »

Pompeo hopes to help patch up Japan-South Korea tiesU.S. Secretary of State Mike Pompeo said he would encourage the two biggest U.S....
Read more »

Defending intelligence pick, Trump says U.S. spy agencies 'run amok'Defending intelligence pick, Trump says U.S. spy agencies 'have run amok.’ More here:
Read more »

Pence says clock ticking on USMCA, but Democrats won't be rushedU.S. Vice President Mike Pence on Tuesday said that a new U.S.-Mexico-Canada tra...
Read more »