Market Updates
Wall Street Rally Gathers Momentum After Fresh Batch of Earnings
Barry Adams
19 Jul, 2022
New York City
Rally on Wall Street gathered momentum as investors warmed up to the latest batch of earnings.
Corporate earnings generally matched expectations set by analysts and companies are facing strong headwinds from the rising U.S. dollar.
The S&P 500 index increased 2.5% to 3,927.48 and the Nasdaq Composite index advanced 2.9% to 11,688.64.
Twitter gained 3.8% to $39.86 after the social media platform operator won a motion to expedite trial to force investor Elon Musk to complete purchase and satisfy the acquisition terms.
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Earnings
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