published on October 16, 2018 - 1:33 PM
Written by Associated Press

Stocks are surging on Wall Street, clawing back some of the ground lost last week, after several big U.S. companies reported standout results.

Major U.S. indexes climbed more than 2 percent Tuesday, giving them their biggest one-day gains since March. They’re still down for the month following a rout last week.

Investment banks Morgan Stanley and Goldman Sachs rose sharply after turning in strong earnings reports.

Johnson & Johnson and UnitedHealth, the nation’s biggest health insurer, also jumped after releasing their results.

Technology stocks gained back some of the ground they lost last week.

The S&P 500 index rose 59 points, or 2.1 percent, to 2,809.

The Dow Jones Industrial Average climbed 547 points, or 2.2 percent, to 25,798. The Nasdaq composite added 214 points, or 2.9 percent, to 7,645.

e-Newsletter Signup

Our weekly poll

Do you agree with Gov. Newsom's decision to tighten lockdown restrictions?

Loading ... Loading ...

Central Valley Biz Blogs



Article views


Sign up icon

To continue website access to

please create a FREE account OR login here.


Article views


For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code