U.S. equities rose as investors digested the latest raft of earnings, and before key trade talks between America and the European Union. The dollar declined against most of its major peers.
The S&P 500 Index gained 0.2 percent as of 12:19 p.m. New York time. The S&P 500 Index pushed higher Wednesday afternoon, while the Dow Jones Industrial Average pared losses amid lower-than-average volume. The Nasdaq Composite saw steady gains.
Earnings reports have been choppy. Coca-Cola’s results beat forecasts, while Fiat Chrysler’s came in below expectations. General Motors shares plunged after the carmaker cut its profit forecast on surging metals prices. And AT&T hit a six-year low after adding fewer wireless customers than anticipated.
Source : Bloomberg