Dow’s earnings reporters provide a more than 120-point boost to the index’s price

0
21

The Dow Jones Industrial Average’s DJIA, -1.34% top-two gaining stocks Friday are those of the companies that reported third-quarter earnings, with the gains enough to keep the blue chip barometer positive despite weakness in the broader stock market. UnitedHealth Group Inc.’s stock UNH, +0.63% ran up $15.31, or 3.0%, in morning trading and JPMorgan Chase & Co. shares JPM, +1.66% jumped $3.31, or 3.0%, after both companies beat profit and revenue expectations. The combined price gains added about 123 points to the Dow’s price, while the Dow was up 43 points, or 0.1%, while the S&P 500 SPX, -2.37% fell 0.5% and the Nasdaq Composite COMP, -3.08% shed 0.9%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleBeth Pinsker: Your portfolio needs diversification. Here’s the best way to go about it in these volatile times
Next articleHelp My Career: Worried about losing your job in a recession? This entrepreneur advises you do these 5 things right now.

LEAVE A REPLY

Please enter your comment!
Please enter your name here