US stocks rebound on strong company earnings; oil rises


Surprisingly strong earnings from Netflix, UnitedHealth Group and other companies put investors in a buying mood Tuesday, driving U.S. stocks solidly higher.
Health care stocks led the gainers. Materials, utilities and a broad swath of other companies also posted gains. Industrials and consumer-focused stocks notched the smallest gains. Energy stocks also rose as the price of crude oil recovered from an earlier slide.
The rally wiped out the market's losses from the day before.
"We've had five consecutive quarters of negative earnings, and this one looks like we're going to squeak out... read more

 
19 October 2016 in Business, Views: 21
 


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