Stocks rise for a fifth day, and Bitcoin nears a record high.

1 BUSINESS

Business News - Opportunities - Reviews

 

 
  • U.S. stocks rose in early trading on Tuesday, with the S&P 500 ticking up about 0.5 percent. The benchmark index is on track for its fifth-consecutive day of gains and is up nearly 5 percent since its Oct. 4 nadir after a slide in September.

  • Cryptocurrency prices rose, with Bitcoin reaching $62,500, according to CoinDesk. On Tuesday, ProShares will offer a long-awaiting exchange-traded fund on the New York Stock Exchange linked to Bitcoin futures, and Bitcoin has been trading at prices not seen since April.

  • A series of companies will publish their quarterly financial performance reports this week. United Airlines and Netflix will report their results Tuesday afternoon.

  • Johnson & Johnson reported that sales grew 10.7 percent to more than $23 billion in the third quarter compared with the same period last year. Shares of the pharmaceutical manufacturer rose 2.4 percent in early trading.

  • Procter & Gamble stock fell about 1.6 percent in early trading after the company reported it experienced higher commodity and freight costs during the three months ending in September.

  • Oil prices were little changed on Tuesday, with West Texas Intermediate, the U.S. benchmark, hovering around $81.60 a barrel. Oil futures are at seven-year highs and are up 70 percent this year amid a global energy crunch that is pushing prices higher for other commodities.

  • 1 BUSINESS

    Business News - Opportunities - Reviews

     

     

    Leave a Reply