Earnings Send Wall Street Higher Ahead of Trump State of the Union Speech [The New York Times]
New York Times Company (The) (NYT)
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Source: The New York Times
Earnings Send Wall St Higher as Investors Eye State of the Union Speech - The New York Times NEW YORK — stocks rose on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the highly awaited State of the Union address by President Donald Trump. Shares of Estée Lauder Cos Inc rose 11.6 percent after the cosmetics maker's quarterly results, driven by strong growth in China, topped estimates. Estée Lauder shares had the largest percentage gain among S&P 500 companies. Luxury fashion company Ralph Lauren Corp also reported better-than-expected sales and earnings, sending its shares 8.4 percent higher. Shares of Alphabet Inc reversed course to end 0.9 percent higher. The Google parent company's results beat estimates, but its shares were dragged down earlier in the session by sharply higher spending. Optimism toward the prospect of a lasting resolution to the dispute over border wall funding, which prompted a record 35-day partial government shutdown, also buoyed
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