Stocks are edging higher in early trading on Wall Street as investors applaud some strong earnings reports from big U.S. companies.
Agricultural giant Archer-Daniels-Midland jumped 5.5 percent in the first few minutes of trading Tuesday, the biggest gain in the Standard & Poor’s 500 index, after reporting earnings that easily beat analysts’ estimates.
Coach, which makes luxury handbags and other accessories, rose 3.5 percent after its own results also came in ahead of forecasts.
The Dow Jones industrial average rose 11 points, or 0.1 percent, to 18,153. The S&P 500 index climbed 2 points, or 0.1 percent, to 2,128. The Nasdaq composite increased 9 points, or 0.2 percent, to 5,198. TVJ
source: business.inquirer.net
