U.S. stocks rose intraday, driven by strong corporate results, sending the Dow industrials back into positive territory for 2018. The gains extended Monday's rally and put major indexes on track for their eighth day of gains in the past 11 trading sessions. Volumes, however, have been light, suggesting some investors are remaining on the sidelines as geopolitical tensions simmer. The Dow Jones Industrial Average climbed 214 points, or 0.9%, to 24787. The S&P 500 added 1.1%, and the tech-heavy Nasdaq rose 1.7%. Helping boost sentiment, Netflix shares jumped 9.8% after Netflix reported subscriber growth that beat its own forecast. The stock is by far the best performer in the S&P 500 this year, up 76%. The U.S. gold price rose overnight, jumping 1.7% to 1,347.20 US$/oz.
Argonaut | The Natural Choice in Resources.
© 2024 Argonaut.