On Wednesday, major stocks ended higher on Wall Street including the Dow Jones Industrial Average. It came into effect after strong earnings from companies such as United Technologies, Procter & Gamble, and IBM.
The Dow Jones Industrial Average advanced 171.14 points to close the session at 24,575.62. The S&P 500 jumped 0.2 percent to end the session with 2,638.70 due to gains in the consumer staples sector by 1.2 percent. The Nasdaq Composite gained 0.1 percent to close at 7,025.77.
The members of Dow, Procter & Gamble and United Technologies both climbed more than 4.8 percent after their earnings turned out better than expected. The other component of Dow, IBM, rose 8.5 percent as marking its best session since October 18, 2017. The S&P companies about 14 percent of them have released their quarterly earnings. Almost 72.9 percent out of them have shown better than expected earnings.
On Thursday, Asian stocks traded mixed amid uncertainties adjoining the U.S.-China trade conflict. In Greater China, the Chinese markets declined as the Shanghai Composite dropped 0.1 percent. The Shanghai Composite slipped 0.179 percent. On the other hand, Hang Seng index of Hong Kong traded flat.
Over in Japan, the Nikkei 225 declined 0.26 percent and the Topix index gained fractionally after recovering its earlier losses. In South Korea, the Kospi index jumped about 0.3 percent and SK Hynix rose around 3 percent. The ASX 200 of Australia advanced 0.1 percent due to gains in the energy sector by more than 1.4 percent.
The Australian dollar traded at 0.7157 against the U.S. dollar after experiencing a low of $0.7135. The U.S. dollar index that marks the greenback against its major peers traded at 96.073 after experiencing a gain of 96.7 in the earlier session. The Japanese yen traded at 109.46 against the dollar.