Major US indices close higher for the 2nd consecutive day. The gains were led by the NASDAQ index with a rise of 1.26%. The S&P index rose by 0.81% and the Dow industrial average rose by 0.63%. The Russell 2000 rose by 0.41%.
The gains come ahead of the earnings from Salesforce, and Nvidia after the close. Salesforce shares rose 3.41%. Nvidia shares rose by 1.44%.
EARNINGS: Salesforce just announced earnings of $3.81 versus $3.05 estimate. Revenues came in $11.2 billion versus $11.18 billion estimate. The company announced share buybacks of the $50 billion and increase the dividend 2 $0.44 per share. The outlook for Q1 as EPS at $3.11 – $3.13 versus $3.01 expected. Sees revenues of 11.03 million – $11.08 billion expected $11.0 billion estimate. Despite all the good news, shares are down $6.50 or -3.41% in after-hours trading.
This article was written by Greg Michalowski at investinglive.com.