US stocks rise amid earnings and economic data

NEW YORK, July 21 (Xinhua) — U.S. stocks rose on Thursday as investors analyzed a slew of earnings reports and economic data.

The Dow Jones Industrial Average rose 162.06 points, or 0.51%, to 32,036.90. The S&P 500 rose 39.05 points, or 0.99%, to 3,998.95. The Nasdaq Composite Index added 161.96 points, or 1.36%, to 12,059.61.

Nine of the S&P 500’s 11 primary sectors finished green, with consumer discretionary and health care rising 2.25% and 1.51% respectively, outpacing the others. Energy and communication services fell 1.69% and 0.21%, respectively, the only two groups to decline.

Shares of Tesla jumped nearly 9.8% after the electric vehicle maker reported second-quarter earnings that beat Wall Street forecasts.

Shares of Danaher Corporation jumped about 9% on better-than-expected quarterly results.

Shares of United Airlines fell after its earnings fell short of analysts’ expectations.

About 18% of companies in the S&P 500 index have reported earnings so far and of those, about 71% have exceeded expectations, according to FactSet data.

On the economic front, initial jobless claims in the United States, a rough way to measure layoffs, rose by 7,000 to 251,000 in the week ending July 16, marking the highest figure since November. last, the Labor Department reported Thursday.

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