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US Stock Nears Record Highs

2020-08-26 22 Dailymotion

US equities hovered near all-time highs on Wednesday.<br />Investors are studying healthy earnings results, positive economic data, and falling daily COVID-19 infections.<br />Salesforce, Urban Outfitters, and HP Enterprise all gained after beating Wall Street estimates for quarterly profits.<br />The Census Bureau said US durable-goods orders gained 11.2% in July.<br />The reading beat economists' 4.8% estimate and it signaled a continued recovery in the nation's manufacturing industry.<br />Oil prices climbed. West Texas Intermediate crude increased as much as 0.7%, to $43.67 per barrel.

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