US Stocks End Mostly Up As Boeing Surges
Umer Jamshaid Published April 26, 2018 | 02:00 AM
New York, (APP - UrduPoint / Pakistan Point News - 26th Apr, 2018 ) :Wall Street stocks finished a volatile session mostly higher Wednesday with strong earnings from Boeing offsetting worries about higher interest rates.
The Dow Jones Industrial Average added 0.3 percent to close the session at 24,083.83. The broad-based S&P 500 edged up 0.2 percent to end at 2,639.40, while the tech-rich Nasdaq Composite Index dipped 0.1 percent to 7,003.74.
Investor anxiety stayed elevated after Tuesday when the yield on the 10-year US Treasury hit 3.0 percent for the first time in more than four years, raising concerns that lending rates will rise faster.
"There is a lot of buzz among strategists about the Fed raising rates three or even four more times this year, which is adding to the nervousness on Wall Street," said Ken Berman, strategist at Gorilla Trades.
"Rates have been pushed down since the 2008 financial meltdown, and now that they are coming back to 'normal' levels, it is creating a lot of confusion and concern." But Boeing shares jumped 4.2 percent after the aerospace giant reported a 56.9 percent surge in first-quarter earnings to $2.5 billion and lifted its full-year forecast.
Executives said they were optimistic the US and China would avoid a trade war. Twitter dropped 1.9 percent despite $61 million in first-quarter profits, its second straight month of positive earnings.
Shares sold off after the company warned revenue growth would slow in the second half of the year. General Electric slumped 4.3 percent after Moody's place the company on credit watch negative. Executives pledged to turn around the slumping industrial giant at a bruising shareholder meeting.
Recent Stories
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
More Stories From World
-
Bangladesh children sweat at home as heatwave shuts schools
6 minutes ago -
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leave after 20 years of ..
26 minutes ago -
Golf: PGA Zurich Classic of New Orleans scores
36 minutes ago -
Slot 'confident' of Liverpool job as 'negotiations' take place
6 hours ago -
Google parent Alphabet's Q1 profits beat estimates: company
7 hours ago -
WADA asks 'independent prosecutor' to examine Chinese swimmers case
7 hours ago
-
New York court overturns Harvey Weinstein sex crime conviction
7 hours ago -
Bagnaia and Spanish rivals chase victory at Jerez
8 hours ago -
Russian, Ukrainian strikes kill at least 10 in frontline regions
9 hours ago -
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
9 hours ago -
Tourism must change, mayor says as Venice launches entry fee
9 hours ago -
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leave after 20 years of ..
10 hours ago