Wall Street mixed after corporate earnings reports; Facebook falls

The S&P 500 and Dow Jones indexes rose on Tuesday, lifted by upbeat corporate earnings reports that eased concerns over the fallout from the U.S.-China trade war, but a decline in shares of Facebook hurt the Nasdaq.

The benchmark S&P 500 index, which continued to hold above 3,000 points, was within striking distance of a record high hit in July, with Biogen Inc’s (BIIB.O) 26.5% surge also boosting the index. The drugmaker announced a surprise plan to file for U.S. regulatory approval for its Alzheimer’s treatment.

“I think the fact that we are encroaching on record territory in the face of all these issues speaks to the resilience of the domestic economy and more importantly the companies in…

Read more posts about business or read the original


This content was imported with an automated system, without human intervention. You can report the removal of content by first reading our Legal Disclaimer