Surprise profit jumps continue to fuel Wall Street rally
Earnings have played a major role in the S&P 500’s turnaround this year.
Nevil Gibson Wed, 06 Feb 2019
Stocks on Wall Street rose for the fifth consecutive session as stronger-than-expected earnings reports from some consumer discretionary companies encouraged investors.
Beauty products maker Estée Lauder and fashion house Ralph Lauren were the latest companies to impress with their profit