US Stock Market LIVE Updates: Stocks rose on Wall Street on Wednesday (November 5) as more US companies turned in their latest quarterly reports and several economic updates shed some light on the US economy. The S&P 500 rose 0.4%. The Dow Jones Industrial Average rose 77 points, or 0.2%, as of 10:39 a.m. Eastern time.
US Stock Market Highlights: Stocks rose on Wall Street on Wednesday (November 5) as more US companies turned in their latest quarterly reports and several economic updates shed some light on the US economy. The S&P 500 rose 0.4%. The Dow Jones Industrial Average rose 77 points, or 0.2%, as of 10:39 a.m. Eastern time. The Nasdaq composite rose 0.6%. The gains mark a reversal from the prior day’s dip as big technology stocks once again lead the broader market. Several big industrial companies also helped lift the market. Companies from a broad spectrum of industries reported their latest financial results and gave updated forecasts.
McDonald’s rose 2.2% after reporting that its sales benefited from the return of its popular Snack Wraps in the third quarter. International Flavors & Fragrances jumped 5.9% after beating Wall Street’s latest quarterly profit forecasts. On the losing side, Taser maker Axon Enterprise slumped 14.4% after forecasting weaker profits than analysts were expecting. Live Nation Entertainment fell 6.4% after its latest results fell short of analysts’ forecasts.
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