7 Apr 2015
US stocks rise, focus shifts to quarterly results
FXStreet (Mumbai) - The stock markets in the US advanced on Tuesday, thereby helping the S&P bridge its gap with Gold, which has outperformed the index so far in 2015.
The Dow Jones Industrial Average rose 60.50 points, or 0.34%, to 17865.50. The S&P 500 added 5.4 points, or 0.26%, to 2078.6 and the Nasdaq Composite gained 19.15 points, or 0.44%, to 4361.70. The stock markets have shrugged-off the dismal non-farm payrolls report released on Friday on Monday. The Dow rose 0.7% to 17880.85, pushing higher for 2015. The S&P added 0.7% to 2080.62.
The market attention could have turned to corporate results. A strong dollar is widely expected to be the main reason behind weak corporate results in the first quarter. According to factset, analysts expect earnings at S&P 500 companies to fall 4.9% from a year earlier. The earnings season begins this week when Alcoa Inc. reports results after the stock market closes on Wednesday.
In commodity markets, crude oil futures recovered losses to trade 0.92% higher at USD 52.62 a barrel. Gold futures lost 0.41% to USD 1213.60/Oz. Meanwhile, the yield on the 10-year Treasury note rose 1.6 basis points to 1.918%.
The Dow Jones Industrial Average rose 60.50 points, or 0.34%, to 17865.50. The S&P 500 added 5.4 points, or 0.26%, to 2078.6 and the Nasdaq Composite gained 19.15 points, or 0.44%, to 4361.70. The stock markets have shrugged-off the dismal non-farm payrolls report released on Friday on Monday. The Dow rose 0.7% to 17880.85, pushing higher for 2015. The S&P added 0.7% to 2080.62.
The market attention could have turned to corporate results. A strong dollar is widely expected to be the main reason behind weak corporate results in the first quarter. According to factset, analysts expect earnings at S&P 500 companies to fall 4.9% from a year earlier. The earnings season begins this week when Alcoa Inc. reports results after the stock market closes on Wednesday.
In commodity markets, crude oil futures recovered losses to trade 0.92% higher at USD 52.62 a barrel. Gold futures lost 0.41% to USD 1213.60/Oz. Meanwhile, the yield on the 10-year Treasury note rose 1.6 basis points to 1.918%.