Dschrute3
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- Dec 10, 2016
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America is on a roll. Great again!
U.S. equities hit all-time highs on Wednesday on the back of stronger-than-expected quarterly earnings results.
The Dow Jones industrial average traded 97 points higher and rose as much as 181 points. The S&P 500 also reached an all-time high.
"We've got a pretty good earnings season under way," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. "It's early but the percentage of beats we've seen thus far is pretty good."
Of the S&P 500 companies that had reported as of Tuesday morning, 77 percent have beaten earnings estimates, while 80 percent have topped revenue expectations, according to FactSet...
Stocks hit record highs on stronger-than-expected earnings
DRUDGE REPORT 2018®
U.S. equities hit all-time highs on Wednesday on the back of stronger-than-expected quarterly earnings results.
The Dow Jones industrial average traded 97 points higher and rose as much as 181 points. The S&P 500 also reached an all-time high.
"We've got a pretty good earnings season under way," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. "It's early but the percentage of beats we've seen thus far is pretty good."
Of the S&P 500 companies that had reported as of Tuesday morning, 77 percent have beaten earnings estimates, while 80 percent have topped revenue expectations, according to FactSet...
Stocks hit record highs on stronger-than-expected earnings
DRUDGE REPORT 2018®