This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange. Major U.S. stock indexes edged mostly higher in early trading Wednesday, Oct. 19, 2016, as investors sized up the latest company earnings and new data showing residential construction slowed in the previous month. AP
NEW YORK — The latest on developments in U.S. financial markets: 9:35 a.m.
Stocks are edging higher in early trading on Wall Street as investors applaud some strong earnings reports from big U.S. companies.
Agricultural giant Archer-Daniels-Midland jumped 5.5 percent in the first few minutes of trading Tuesday, the biggest gain in the Standard & Poor’s 500 index, after reporting earnings that easily beat analysts’ estimates.
Coach, which makes luxury handbags and other accessories, rose 3.5 percent after its own results also came in ahead of forecasts.
The Dow Jones industrial average rose 11 points, or 0.1 percent, to 18,153. The S&P 500 index climbed 2 points, or 0.1 percent, to 2,128. The Nasdaq composite increased 9 points, or 0.2 percent, to 5,198. TVJ