U.S. equities rose at the opening bell on Tuesday, following a round of better than expected corporate earnings. The S&P 500 rose 0.3% to 2,914. The Dow Jones Industrial Average advanced 135 points, or 0.5%, to 26,520. The Nasdaq Composite was up 0.3% to 8,002. All three benchmarks are inching closer to their all-time highs established late last year. The broad-based S&P 500 is less than 1% away from its record close set in Sept. 20. Earnings from BlackRock Inc. (BLK) came in higher than analysts' expectations, while first-quarter revenues for Bank of America Corp. (BAC) fell short of forecasts. Investors will maintain a close eye on the financial sector's earnings as banks juggle with falling interest margins and slower U.S. growth. In other company news, shares of UnitedHealth Group Inc. (UNH) rose 3% after its first-quarter earnings and revenues topped Wall Street expectations.
-Sunny Oh; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 16, 2019 09:33 ET (13:33 GMT)
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