Wall Street was off to a strong start on Tuesday as upbeat earnings reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America.
Shares of JPMorgan Chase & Co (N:JPM) gained 1.7% to a three-week high after the company beat Wall Street estimates for third-quarter profit by a wide margin. UnitedHealth Group Inc (N:UNH) was set to post its best day in three years, while Johnson & Johnson (N:JNJ) shares eyed their biggest one-day percentage gain since January after both companies raised their profit forecasts.
US indices are trading near their record highs, while the French CAC has already set a new record. DAX also made more than a good performance for the day.
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