U.S. Stocks Advance Amid Corporate Earnings, Crude Lifts Energy
- Facebook boosts tech companies, Abbott weighs on health-care
- Energy shares hold up as crude rises for a third session
The U.S. Is the Global Stock Market
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U.S. stocks advanced, with energy shares leading a rebound sparked by rising crude-oil prices, as investors weighed corporate earnings and prospects for global growth.
Equities whipsawed amid a slew of quarterly results on the reporting season’s busiest day, a session after the Federal Reserve said it’s monitoring global developments to assess their impact on U.S. growth. Facebook Inc.’s better-than-expected report sparked gains in technology, while Abbott Laboratories sank 9.3 percent, weighing on health-care shares after its forecast trailed estimates. Amazon.com Inc. fell in late trading while Microsoft Corp. rallied following their earnings reports after markets closed.