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US stocks trade higher amid earnings
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IANS | 13 Feb, 2020
US stocks traded higher on Wednesday as investors digested the latest quarterly corporate earnings reports.
The
Dow Jones Industrial Average was up 196.23 points, or 0.667 per cent,
to 29,472.57. The S&P 500 added 18.82 points, or 0.56 per cent, to
3,376.57. The Nasdaq Composite Index increased 66.60 points, or 0.69 per
cent, to 9,705.55, Xinhua reported.
Most of the 30 Dow
component companies traded higher, with UnitedHealth Group and
Caterpillar adding 3.22 per cent and 2.17 per cent respectively, leading
the gainers.
All of the 11 primary S&P 500 sectors traded
in green territory, with consumer discretionary increasing 0.93 per
cent, leading the advancers.
CVS Health reported
fourth-quarter earnings revenue that was boosted by higher sales in its
pharmacy benefit management business.
The drugstore chain
registered quarterly revenue of $66.9 billion and adjusted earnings per
share of $1.73, both topping Wall Street's estimates.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
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78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 24 Feb, 2020 |
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| Daily Poll |
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| Ease of doing business improved in last one year |
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