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10/15/2019, 4:22 PM (Source: TeleTrader)
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Dow surges over 200 points after strong earnings

Markets in the United States extended gains on Tuesday with the Dow Jones Industrial Average soaring over 200 points on strong earnings from major banks and other companies. JP Morgan, Wells Fargo and Citigroup were among companies that reported better-than-expected revenues before the bell.

The Dow Jones jumped 0.76% or 204 points at 10:26 am ET. The best performer was UnitedHealth, whose shares skyrocketed 7.25% at 10:17 am ET after the company said its earnings per share increased by 13% in the third quarter and revenue was up by 7%. JPMorgan and Johnson & Johnson also performed strongly on upbeat earnings reports.

The Nasdaq 100 rose by 0.85% at 10:27 am ET with Nvidia surging 4.25% at 10:36 am ET. The S&P 500 climbed 0.81% at 10:27 am ET.

Breaking the News / NP