US Stocks Advance Ahead of Tuesday's Close as Upbeat Earnings Improves Risk Sentiment

Last Updated: Tuesday, October 19, 2021 3:56 PM | MT Newswires

US stocks were advancing ahead of Tuesday's close as positive earnings results improved risk sentiment and as oil prices set a multi-year high.

The Dow Jones Industrial Average rose 0.4% to 35,414.56, with S&P 500 up 0.7% to 4,516.19 and the Nasdaq Composite also higher by 0.6% at 15,115.07. Healthcare, utilities and energy were the leading sectors, with all sectors except consumer discretionary in the green.

The 10-year US Treasury yield increased 5.1 basis points to 1.635%.

West Texas Intermediate crude oil climbed to a multi-year high of $83.72 a barrel earlier in the session, before easing to $82.83 a barrel minutes before the close.

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