U.S. stocks extend gains to fourth day

23:08, July 27, 2010      

Email | Print | Subscribe | Comments | Forum 

U.S. stocks stretched its winning streak to the fourth straight day on Tuesday as investors regained some confidence on the economy amid strong corporate earnings.

DuPont reported second-quarter net income of 1.16 billion dollars, or 1.26 dollars per share, topping analyst expectations for earnings of 93 cents per share. Meanwhile, the company said its net sales rose 26 percent to 8.6 billion dollars, and also raised its earnings outlook for the year.

Such move normally fuels market sentiment in earnings season as it showed companies were more confident about the wider economy.

On economic front, investors were awaiting the Conference Board's Consumer Confidence Index for July later this morning, hoping to get a deeper insight into the economy.

The Dow Jones industrial average gained 37.81 points, or 0.36 percent, to 10,563.24. The Standard & Poor's 500 index rose 4.65 points, or 0.42 percent, to 1,119.66 while the Nasdaq was up 9.75 points, or 0.42 percent, to 2,306.18.

Source: Xinhua

(Editor:张茜)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion