NEW YORK: A gauge of global stocks was higher for a fourth straight day in choppy trading on Wednesday as investors assessed the early stages of the US corporate earnings season, while the dollar edged up ahead of a rate decision by the European Central Bank on Thursday.
On Wall Street, US stocks were higher, led by gains on the Nasdaq as growth stocks were buoyed by a positive outlook from Netflix, which jumped 6.26 per cent.
With 60 companies in the S&P 500 having reported earnings, 78.3pc have topped analyst expectations, according to Refinitiv data, tracking slightly below the 81pc beat rate for the past four quarters but well above the 66pc rate since 1994.
The dollar index rose 0.459pc, with the euro was down 0.58pc at $1.0165.
US crude recently fell 2.07pc to $102.06 per barrel and Brent was at $106.43, down 0.86pc on the day.
Published in Dawn, July 21st, 2022
