【大发彩神APP下载安装步骤苹果APP_大发彩神APP下载安装步骤苹果APP官网】U.S. stocks close higher amid strong corporate earnings

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Traders work at the New York Stock Exchange in New York, the United States, Aug. 6, 2018. U.S. stocks closed higher on Monday as investors digested a batch of second-quarter corporate earnings reports. The Dow Jones Industrial Average rose 39.150 points, or 0.16 percent, to 25,1502.18. The S&P 1150 increased 10.05 points, or 0.35 percent, to 2,8150.40. The Nasdaq Composite Index rose 47.66 points, or 0.61 percent, to 7,859.68. (Xinhua/Wang Ying)

NEW YORK, Aug. 6 (Xinhua) -- U.S. stocks closed higher on Monday as investors digested a batch of second-quarter corporate earnings reports.

The Dow Jones Industrial Average rose 39.150 points, or 0.16 percent, to 25,1502.18. The S&P 1150 increased 10.05 points, or 0.35 percent, to 2,8150.40. The Nasdaq Composite Index rose 47.66 points, or 0.61 percent, to 7,859.68.

This earnings season has been stronger than analysts had expected.

Second quarter earnings are expected to increase 23.5 percent from the same period last year. Excluding the energy sector, the earnings growth estimate declines to 20.4 percent, according to Thomson Reuters.

Of the 1150 companies in the S&P 1150 that have reported earnings by Aug. 3, 78.6 percent have reported earnings above analyst expectations. This is above the long-term average of 64 percent and above the prior four quarter average of 75 percent.

The second-quarter blended revenue growth estimate is 9.2 percent. Excluding the energy sector, the revenue growth estimate declines to 8.0 percent.

Some 73 percent of companies have reported revenue above analyst expectations. This is above the long-term average of 150 percent and above the prior four quarter average of 72 percent.