US stocks climb again following solid earnings
NEW YORK (AFP) - Wall Street stocks finished higher for a third straight session on Thursday (July 22), edging up following a round of mostly good earnings and mixed economic data. A busy day of results featured companies from across the economy, with Railroad Union Pacific reporting a 30 per cent rise in revenues, while Domino's Pizza notched higher comparable stores sales despite a tough comparison with the year-ago period when pizza orders soared during pandemic lockdowns. Both American Airlines and Southwest Airlines reported quarterly profits in the latest sign of an industry recovery. Most of companies reporting scored "positive earnings surprises," said Briefing.com analyst Patrick O'Hare, adding that "the good earnings news cut across industry groups and sectors." The Dow Jones Industrial Average finished up 0.1 per cent at 34,823.35. The broad-based S&P 500 gained 0.2 per cent to 4,367.48, while the tech-rich Nasdaq Composite Index advanced 0.4 per cent to 14,684.60. Stocks have now rallied the last three days after tumbling on Monday on worries about the Delta variant. New applications for US unemployment benefits saw a surprise uptick last week, climbing to 419,000, an i...
