US and European shares climb, but in China they close near a one-year low
New York — US and European shares climbed on Tuesday, lifted by data, corporate results and a return to riskier investments, while many Asian equity markets were weighed down by China amid mixed economic reports and lingering trade fears. Strong US earnings from Netflix, Goldman Sachs and healthcare companies boosted stock prices on Wall Street and optimism about what is expected to be the strongest earnings season in seven years. Companies on the benchmark S&P 500 stock index are expected to report an 18.6% jump in first-quarter profit on average, according to Thomson Reuters data. The Dow Jones Industrial Average rose 255.24 points, or 1.04%, to 24,828.28, the S&P 500 gained 28.48 points, or 1.06%, to 2,706.32 and the Nasdaq Composite added 115.92 points, or 1.62%, to 7,272.20. MSCI’s gauge of stocks across the globe gained 0.74%. European shares advanced, with the pan-European FTSEurofirst 300 index rising 0.91% and poised to close higher. Germany’s DAX 30 index was last up 1.58%...
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