US stocks gain in early trade

Written By Unknown on Kamis, 01 November 2012 | 22.34

US stocks have registered solid gains as the markets rebounded from a two-day shutdown and a hesitant reopening a day earlier.

Earnings reports ahead of the opening were mixed: ExxonMobil (-0.68 per cent) reported a smaller-than-expected seven per cent dip in profit for the third quarter.

Pfizer (-1.37 per cent) disappointed with a 14 per cent fall in net income and lowered guidance for the rest of the year.

Ten minutes into trade on Thursday, the Dow Jones Industrial Average was up 72.01 points, or 0.55 per cent, at 13,068.47.

The broad-based S&P 500 gained 4.85 points, or 0.34 per cent, at 1,417.01.

The Nasdaq added 13.67 points, or 0.46 per cent, at 2,990.90.


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