Dow Notches 12th-Straight Upward Session - InvestingChannel

Dow Notches 12th-Straight Upward Session

The Dow Jones Industrial Average was higher Tuesday as it notched its longest winning streak in more than six years, while traders weighed the latest earnings reports.

The 30-stock index improved 26.83 points to close the session Tuesday at 35,438.07, for the index’s 12th straight hike.

The S&P 500 added 12.82 points to 4,567.46.

The NASDAQ index hiked 85.69 points to 14,144.56.

General Motors shares fell about 3.5% even after the automaker hiked its full-year earnings guidance. Meanwhile, General Electric climbed nearly 6.3% on the back of stronger-than-expected revenue for the second quarter.

Elsewhere, UPS fell 1.9% after it reached a tentative deal with the Teamsters union, avoiding a strike.

Wall Street is digesting results from the busiest stretch of earnings so far, with major tech names Alphabet and Microsoft set to report after the close. Nearly 130 S&P 500 companies have reported second-quarter earnings thus far. Of those names, about 79% have exceeded analyst expectations, FactSet data shows.

Prices for the 10-year Treasury fell Tuesday afternoon, lowering yields to Monday’s 3.88%. Treasury prices and yields move in opposite directions.

Oil prices took on 85 cents to $79.59 U.S. a barrel.

Gold prices recovered $3.70 to $1,965.90 U.S. an ounce.

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