Nasdaq tops 6,000 as earnings boost Wall St.; U.S. tax code eyed
NEW YORK The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America.
NEW YORK U.S. stocks opened slightly higher on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year.
The Dow Jones industrial average gained 36.93 points, or 0.28 percent, to 13,365.78. The Standard & Poor's 500 Index .SPX rose 2.64 points, or 0.18 percent, to 1,459.79. The Nasdaq Composite Index advanced 7.35 points, or 0.24 percent, to 3,099.15.
(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)
India's IDFC Bank Ltd reported a 7 percent rise in fourth-quarter net profit on Tuesday, helped by an increase in interest income and a drop in provisions for bad loans.