By: Dan Caplinger
Wall Street was in a good mood on Thursday morning, sending the benchmark indexes higher. In the opening hours of trading, stock market participants seemed to react favorably to news that scheduled plans for President Trump to meet with China’s vice premier are still on track, and many are looking forward to seeing how the coming earnings season goes. At 12:15 p.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 203 points to 26,549. The S&P 500 (SNPINDEX:^GSPC) was up 25 points to 2,944, and the Nasdaq Composite (NASDAQINDEX:^IXIC) had gained 59 points to 7,962.
Among individual stocks, a lot of people are looking forward to Netflix‘s (NASDAQ:NFLX) earnings report, due out next week, and another set of stock analysts weighed in Thursday with their views on what the streaming video giant is likely to tell investors. Meanwhile, U.S. Steel (NYSE:X) released preliminary results for the third quarter, and although the news was far from ideal, the company avoided the worst-case scenario that some analysts had feared.