Wall Street up for fourth day as China moves to limit coronavirus impact
However, the impact of the health emergency in China continued to show up in corporate reports. Chipmaker Qualcomm Inc flagged a potential threat to the mobile phone industry from the outbreak, with a possible impact on manufacturing and sales.At 8:26 a.m. ET, Dow e-minis 1YMcv1 were up 109 points, or 0.37%. S&P 500 e-minis EScv1 were up 10.5 points, or 0.31% and Nasdaq 100 e-minis NQcv1 were up 33.5 points, or 0.36%.
The fourth-quarter earnings season is more than half done with nearly 70% of S&P 500 companies exceeding their earnings estimates, according to IBES data form Refinitiv. Twitter Inc gained about 8.3% after the micro-blogging platform touched $1 billion in quarterly revenue for the first time ever, beating analysts’ estimates.Tesla Inc slipped 3.4%, falling for the second day after a stunning six-day rally.
As the week draws to a close, investor attention will shift to the crucial U.S. jobs report on Friday.Our Standards:
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