Solid earnings reports push US stock indexes broadly higher

Solid earnings reports push US stock indexes broadly higher

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/2b86debdf7824c9fb0168039681c80e7

NEW YORK (AP) — Stocks moved higher in early trading on Wall Street Thursday as investors focused on several solid earnings reports after a late bout of selling the day before.

Investors are nearing the end of a busy week that included Wednesday's widely anticipated quarter-point cut to the Federal Reserve's key interest rate. The market reacted with disappointment over the central bank's caution over future rate cuts. Major indexes are now headed for weekly losses.