Industrials led the S&P 500 and the Dow moderately higher on Thursday after robu...
NEW YORK - Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust U.S. economic data and some healthy corporate earnings reports.
In a separate report, data from the Labor Department showed the number of Americans filing for unemployment benefits dropped last week to a 50-year low. Of the 77 S&P 500 companies that have released results thus far, 77.9% have beaten consensus, compared with the 65% average beat rate going back to 1994.Growing demand for aircraft parts drove Honeywell International Inc’s earnings beat. The company raised its full-year forecast, and its stock rose 3.8%.
Among earnings misses, Schlumberger NV reported a 20% drop in first-quarter profit. Its shares slipped 3.9%.
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