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Tech companies lead US stocks higher on strong earnings

July 24, 2018

Via: ABC News

U.S. stocks moved broadly higher in early trading Tuesday as investors welcomed strong quarterly earnings reports from Google parent Alphabet, Biogen and other companies. Technology and health care stocks accounted for much of the market’s gains. Utilities and other safe-play stocks lagged the market as bond yields rose.

KEEPING SCORE: The S&P 500 index rose 19 points, or 0.7 percent, to 2,826 as of 10:05 a.m. Eastern Time. The Dow Jones Industrial Average gained 140 points, or 0.6 percent, to 25,185. The Nasdaq composite climbed 69 points, or 0.9 percent, to 7,911.

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