Stocks rise with Dow Jones index up almost 300 points, trading at 50,433.63. CVS Health reports Q4 earnings of $1.09 per share, beating estimates.
U.S. stocks showed gains in trading as the Dow Jones index increased by nearly 300 points, up 0.59% to 50,433.63. The NASDAQ rose by 0.04% to 23,248.03, and the S&P 500 also saw growth, up 0.14% to 6,974.81. In the market, consumer discretionary shares went up by 1.2%, while communication services stocks fell by 0.9%. CVS Health Corp reported Q4 earnings, with earnings per share at $1.09 exceeding the analyst estimate of 99 cents. Quarterly sales were $105.690 billion, surpassing the estimated $103.593 billion. Quince Therapeutics Inc shares spiked 122%, while ABPRO Holdings Inc also experienced an increase in trading.