Wall Street edges higher on industrial gains; healthcare drags again

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U.S. stocks eked out gains in volatile trading on Thursday, ahead of a long Easter weekend, as strong results from industrials countered another ...

REUTERS: U.S. stocks eked out gains in volatile trading on Thursday, ahead of a long Easter weekend, as strong results from industrials countered another drop in healthcare stocks, with investors shrugging off release of the Mueller report.

Details of Special Counsel Robert Mueller's investigation into Russia's role in the 2016 U.S. election were released during the session and showed a series of incidents in which President Donald Trump took actions to impede the probe that raised questions of whether he committed the crime of obstruction of justice.

Union Pacific Corp jumped 4.6per cent, while Honeywell International Inc's shares rose 3.4per cent after better-than-expected quarterly profits. Analysts now expect first-quarter profits for S&P 500 companies to have dropped 1.7per cent year-on-year, an improvement from recent estimates, but still the first earnings contraction since 2016.

Source: News Formal (newsformal.com)

 

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