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U.S. stocks turn higher ahead of earnings season
                 Source: Xinhua | 2017-01-11 00:46:26 | Editor: huaxia

NEW YORK, Jan. 10 (Xinhua) -- U.S. stocks traded higher around midday Tuesday, as investors mainly awaited the start of earnings season.

By noon, the Dow Jones Industrial Average rose 45.13 points, or 0.23 percent, to 19,932.51. The S&P 500 gained 6.46 points, or 0.28 percent, to 2,275.36. The Nasdaq Composite Index was up 26.20 points, or 0.47 percent, to 5,558.02.

The fourth quarter earnings season will kick off later this week, when several financial giants report their numbers.

Traders closely followed curves of the financial sectors, which has posted a sharp rally since the U.S. Presidential Election Day.

The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the fourth quarter of 2016 are expected to rise 5.8 percent year on year, while the revenues are forecast to increase 4.4 percent.

Meanwhile, investors also awaited a news conference by U.S. President-elect Donald Trump on Wednesday.

There are no major economic data due Tuesday.

U.S. stocks closed mixed Monday, with the Nasdaq Composite Index logging a five-day winnings streak. Enditem

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U.S. stocks turn higher ahead of earnings season

Source: Xinhua 2017-01-11 00:46:26

NEW YORK, Jan. 10 (Xinhua) -- U.S. stocks traded higher around midday Tuesday, as investors mainly awaited the start of earnings season.

By noon, the Dow Jones Industrial Average rose 45.13 points, or 0.23 percent, to 19,932.51. The S&P 500 gained 6.46 points, or 0.28 percent, to 2,275.36. The Nasdaq Composite Index was up 26.20 points, or 0.47 percent, to 5,558.02.

The fourth quarter earnings season will kick off later this week, when several financial giants report their numbers.

Traders closely followed curves of the financial sectors, which has posted a sharp rally since the U.S. Presidential Election Day.

The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the fourth quarter of 2016 are expected to rise 5.8 percent year on year, while the revenues are forecast to increase 4.4 percent.

Meanwhile, investors also awaited a news conference by U.S. President-elect Donald Trump on Wednesday.

There are no major economic data due Tuesday.

U.S. stocks closed mixed Monday, with the Nasdaq Composite Index logging a five-day winnings streak. Enditem

[Editor: huaxia ]
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