NEW YORK, Oct 19 — Stock indexes around the world jumped yesterday as US technology shares extended recent gains and earnings reports were upbeat, while the 10-year US Treasury yield rose to its highest in more than four months.
On Wall Street, the technology sector boosted the S&P 500 the most, while recent stronger-than-expected results have bumped up the forecast for S&P 500 earnings for the third quarter. “The key for the market to going up from here will not be higher multiples, it will have to be higher earnings. That’s why it’s so important to pay attention to what those profit margins do going forward and what the trajectory of GDP looks like,” said Eric Marshall, portfolio manager at Hodges Funds.
The Dow Jones Industrial Average rose 198.7 points, or 0.56 per cent, to 35,457.31, the S&P 500 gained 33.17 points, or 0.74 per cent, to 4,519.63 and the Nasdaq Composite added 107.28 points, or 0.71 per cent, to 15,129.09.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks rise with US big growth shares; five-year US yields climb | Malay MailNEW YORK, Oct 19 — Global stock indexes mostly rose yesterday following gains in US mega-cap technology and other growth names, while five-year Treasury yields rose to their highest levels since early 2020. The dollar dipped after data showed production at US factories fell by the most in seven...
Source: malaymail - 🏆 1. / 86 Read more »
Malaysian player part of team winning over RM21mil at The International 10A 20-year-old Malaysian is part of the team that won second place in the The International 10 Dota 2 tournament, clinching US$5,202,400 (RM21.7mil) in prize money. congrats Congratulations 👏👏
Source: staronline - 🏆 4. / 75 Read more »
Nearly 7 in 10 Premier League players fully vaccinated | New Straits TimesNSTsports Sixty-eight percent of PremierLeague players have been fullyvaccinated against coronavirus, the English top flight confirmed following criticism of hesitancy among footballers. covid19 vaccine football
Source: NST_Online - 🏆 17. / 53 Read more »
MacBook Pro with M1 Pro and M1 Max: 10 things you need to know - SoyaCincauApple wants the MacBook Pro 14 and 16 to be the world's best notebooks and they even brought back several features from the past. Read on to find out what's new.
Source: Soya_Cincau - 🏆 16. / 55 Read more »
Balik kampung selepas 10 bulan - Utusan DigitalWalaupun percutian singkat selama dua hari, namun cukup bermakna buat keluarga Mohd. Sharifuddin Abdul Nasir, 34, selepas kira-kira 10 bulan tidak bersua muka. Katanya, kepulangan mereka lima beranak ke kampung isterinya, Sakinah Syaidah, 34, kira-kira…
Source: UMonline - 🏆 27. / 51 Read more »
Trump sues US House committee investigating Jan 6 attack | Malay MailWASHINGTON, Oct 19 ― Former President Donald Trump filed a lawsuit yesterday against the US congressional committee investigating the deadly January 6 attack on the Capitol, alleging it made an illegal request for his White House records. Trump asserted in the lawsuit filed in US District Court...
Source: malaymail - 🏆 1. / 86 Read more »