Here are 3 good things to know about stocks right now
- The Dow Jones Industrial Average rose Tuesday, and received a boost from Johnson & Johnson (JNJ – Get Report), which generated a strong first-quarter income but gains was
- United Health, the giant health insurance company, tumbled even after beating Wall Street's first quarter earnings expectations.
- Qualcomm (QCOM – Get Report) shares increased after the chip maker has settled a long-standing dispute with Apple (AAPL – Get Report) over royalty payments for the chipmaker's smartphone equipment
Wall Street Overview
Dow Jones Industrial Average rose 68 points, or 0.26% to 26.453. At the height of the session, Dow had increased 145 points. The record high of the blue chip index, seen on 3 October 2018, is 26,828. S & P 500, meanwhile, rose 0.05% on Tuesday and Nasdaq developed 0.30%.
Qualcomm shares increased more than 23% to $ 70.45 on the news, while Apple shares were slightly up to $ 199.25.
"The cumulative earnings growth in Q1 for the five largest US public companies is expected to decline by 10.1% the year after, significantly below the wider market growth rate (-4.3%)," Jason Pride said. Glenmede Private Wealth Chief Investment Officer. "That fact has not worked as part of the year, with the five peaks at 22.6%, far ahead of the S&P 500's 15.9% gain. This underlines the ongoing trend that investors are still as willing as to invest in the prospects of future growth. "
The Federal Reserve reported that industrial production fell 0.1% in March, missing economists' expectations of a 0.1% gain.