US stocks trade higher amid earnings

Top Stories

»	India-Chile FTA ripe for conclusion, Canada talks progressing well: Piyush Goyal
»	Sensex, Nifty end higher in volatile trade; metal and pharma stocks lead gains
»	Govt extends RELIEF scheme for risk coverage of export shipments due to Gulf war
»	Tesla India posts Rs 247 crore revenue in first fiscal of vehicle sales
»	Indian equities extend losses this week as Brent crude oil rises to 6-month high

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.