国际英语新闻:Wall Street rebounds on better-than-expected earnings, mixed data
NEW YORK, Aug. 18 (Xinhua) -- Wall Street traded higher Tuesday on better-than-expected earnings, joining overseas market to rebound from the previous big sell-off.
Home Depot Inc., the world's largest home improvement retailer, said its second-quarter profit fell 7 percent, but its adjusted results beat Wall Street's expectations. Home Depot also lifted its guidance for full-year earnings.
Target Corp., the second largest U.S. discount retailer, reported second quarter profit that fell less than analysts estimates.
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Men sit on a bench in front of the New York Stock Exchange after trading hours in New York Aug. 17, 2009 |
Investors were also encouraged by a worldwide rebound Tuesday on upbeat consumer confidence report from Germany. Japan's Nikkei stock average rose 0.2 percent, Britain's FTSE 100, Germany's DAX index and France's CAC-40 all added 0.9 percent.
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Traders work at their desks in New York Stock Exchange, the United States, on Aug. 17, 2009. |
The Dow Jones average rose 82.60, or 0.9 percent, to 9,217.94. The Standard & Poor's 500 index gained 9.94, or 1 percent, to 989.67, while the Nasdaq composite index rose 25.08, or 1.3 percent, to 1,955.92.
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