After a sell-off in the previous session, the Dow Jones Industrial Average was higher on Wednesday as it attempted to regain its footing.
113 points, or 0.3%, were added to the blue-chip index. The Nasdaq Composite was down 0.4% and the S&P 500 was down 0.1%.
After exceeding Wall Street forecasts for its third-quarter revenue and earnings, Morgan Stanley’s stock increased 5%. Additionally, United Airlines’ shares rose 7% after the airline posted better-than-expected performance.
Seventy-nine percent of the 50 S&P 500 stocks that have reported third-quarter earnings so far have exceeded expectations.
Both the Dow and the S&P 500 fell more than 0.7% on Tuesday, both of which were below their recent highs. Nasdaq Composite dropped by 1%.
Source (CNBC)
