Stocks Close Mostly Higher on Earnings Confidence: Markets Wrap
- Turkish lira tumbles on rate decision; West Texas crude gains
- Pound climbs after May’s Brexit takeover; U.S. dollar slips
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U.S. equity benchmarks finished the day mostly higher, led by technology and health-care companies, while China’s efforts to support its economy spurred interest in higher-risk assets across Asia. The dollar slipped and 10-year Treasuries gained.
The S&P 500 Index rose for the second straight day as positive earnings news overcame traders’ anxieties about simmering trade disputes. Google parent Alphabet Inc. anchored the market’s advance early in the session after it beat analysts’ estimates. Exxon Mobil and Chevron also gained as West Texas crude pushed higher. Indexes retreated from their highs earlier in the session, however, pulling the Nasdaq back from an intraday record.