5/16/2019, 6:17 PM (Source: TeleTrader)
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Dow jumps over 300 pts on strong earnings

Shares on Wall Street traded with strong gains on Thursday with the Dow jumping over 300 points, helped by a surge Cisco stocks after the company reported a 23% increase in earnings per share (EPS). Walmart, the second-best performer on the index, saw its EPS grow 84.7% annually in the last reported quarter.

The Dow Jones Industrial Average index was up by 307 points at 12:18 pm ET, or 1.20%. Walmart advanced 2.85% with Microsoft 2.52% in the green. At the same time, the Nasdaq 100 jumped 1.65% as NetEase rose 6.43%. The S&P 500 climbed 1.43%.

The euro was 0.21% lower against the dollar, buying $1.11778, the lowest point in a week.

Breaking the News / NI