BUSINESS

United States stocks trade higher amid earnings, data

stocks

New York, July 25: US stocks traded higher on Tuesday as investors digested a batch of corporate earnings reports as well as key economic data.
The Dow Jones Industrial Average increased 196.35 points, or 0.78 per cent, to 25,240.64. The S&P 500 was up 13.86 points, or 0.49 per cent, to 2,820.84, Xinhua news agency reported.

The Nasdaq Composite Index gained 19.49 points, or 0.25 per cent, to 7,861.36.

Google parent company Alphabet reported stronger-than-forecast quarterly results on Monday after the closing bell. The company posted adjusted earnings per share of $11.75 and revenue of $32.66 billion, both topping Wall Street’s estimates. (IANS)