US stocks climb as investors focus on earnings


Posted on: April 17th, 2017 by ABC News No Comments

iStock/Thinkstock(NEW YORK) — Wall Street snapped back with gains after the Easter holiday weekend as the Dow Jones Industrial Average rose in the triple-digits.

The Dow Jones jumped 183.67 (+0.90 percent) to finish at 20,636.92.

The Nasdaq gained 51.64 (+0.89 percent) to close at 5,856.79, while the S&P 500 finished at 2,349.01, up 20.06 (+0.86 percent) from its open.

Crude oil prices were about 1 percent lower; under $53 a barrel.

Winners and Losers: Shares of Netflix climbed 3 percent, but in after hours trading, the streaming service fell about 1 percent. In its earnings report released after the bell, Netflix said it added fewer than expected subscribers domestically and internationally.

Still recovering from its over-booking scandal, United Continental Holdings Inc. also released earnings in the first-quarter, reporting a stronger than expected net income of $96 million (although the PR nightmare did not happen during that quarter). United’s stock closed 2.5 percent higher and was trading about 1 percent higher in the after-market.

A treatment by OncoMed Pharmaceuticals Inc. for small cell lung cancer reportedly missed its goals in a mid-stage clinical trial. Shares in the pharmaceutical company tanked 17 percent.

Copyright © 2017, ABC Radio. All rights reserved.



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US stocks climb as investors focus on earnings


Posted on: April 17th, 2017 by ABC News No Comments

iStock/Thinkstock(NEW YORK) — Wall Street snapped back with gains after the Easter holiday weekend as the Dow Jones Industrial Average rose in the triple-digits.

The Dow Jones jumped 183.67 (+0.90 percent) to finish at 20,636.92.

The Nasdaq gained 51.64 (+0.89 percent) to close at 5,856.79, while the S&P 500 finished at 2,349.01, up 20.06 (+0.86 percent) from its open.

Crude oil prices were about 1 percent lower; under $53 a barrel.

Winners and Losers: Shares of Netflix climbed 3 percent, but in after hours trading, the streaming service fell about 1 percent. In its earnings report released after the bell, Netflix said it added fewer than expected subscribers domestically and internationally.

Still recovering from its over-booking scandal, United Continental Holdings Inc. also released earnings in the first-quarter, reporting a stronger than expected net income of $96 million (although the PR nightmare did not happen during that quarter). United’s stock closed 2.5 percent higher and was trading about 1 percent higher in the after-market.

A treatment by OncoMed Pharmaceuticals Inc. for small cell lung cancer reportedly missed its goals in a mid-stage clinical trial. Shares in the pharmaceutical company tanked 17 percent.

Copyright © 2017, ABC Radio. All rights reserved.



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You must be logged in to post a comment.