But the Nasdaq has lagged on a month-to-date basis, shedding 0.7% while the Dow and S&P 500 rose 1.7% and 0.6%, respectively, since April began.ĭisclosure: Comcast owns NBCUniversal, the parent company of CNBC. The Dow and S&P 500 are slightly above their flatlines for the week-to-date, while the Nasdaq has gained 0.6% over the same period. However, Caterpillar, another barometer of the global economy, fell around 0.9% as investors feared a build-up in inventory suggests demand is slowing. Teladoc and Comcast were among the other companies trading higher after releasing earnings reports.
Honeywell, an industrial bellwether, added more than 4% on the back of a quarterly report that was better than Wall Street expected. The report also showed stronger-than-expected inflation, with prices increasing 4% compared with a consensus estimate of 3.7%. economy grew 1.1% in the first quarter, while economists polled by Dow Jones forecasted an expansion of 2%. The Fed is slated announce its latest policy decision next week.
Stocks rose despite weaker-than-expected GDP data, which may suggest to some investors that the Federal Reserve could soon wrap up its tightening campaign. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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