On Wednesday, the Dow Jones industrial average rose 121.12 points, or 0.7 percent, to 17,751.39. The Standard & Poor’s 500 rose 15.32 points, or 0.7 percent, to 2,108.57 and the Nasdaq composite rose 22.53 points, or 0.4 percent, to 5,111.73.
Stocks were boosted by a strong batch of corporate earnings. Gilead Sciences rose 2.3 percent after its profit jumped 23 percent, helped by its new hepatitis C medicine Harvoni. Northrop Grumman led defense companies higher after it posted a stronger-than-expected profit in the second quarter and raised its outlook for the year. Northrop’s stock jumped 6.2 percent, its biggest one-day gain in at least five years.
Benchmark U.S. crude added 10 cents to $48.89 per barrel in electronic trading on the New York Mercantile Exchange. The contract jumped 81 cents to close at $48.79 on Wednesday. Brent crude, used to price international oils, gained 31 cents to $53.89 in London after rising 8 cents to $53.38 the previous session.
Paypal Holdings Inc (NASDAQ:PYPL) closed latest trading day at $37.95, up 0.93%, on volume of over 11.79 million shares. Its average trading volume is 17.56 million shares. In the time frame of the last one month, the share-price has surged almost 2.51%. Its market capitalization was $ 45.68B. Paypal Holdings Inc (NASDAQ:PYPL) exposed that it has completed its separation from eBay Inc. (“eBay”) and is now an independent public company trading on the Nasdaq Stock Market under the ticker symbol “PYPL.” The company’s leadership team joined with employees and merchants to push the iconic PayPal button to ring the opening bell at Nasdaq to mark the milestone.
Corning Incorporated (NYSE:GLW) with the latest rise 0.90%, now has YTD performance -0.03%. The total number of shares traded on the latest trading day was about 1.26B shares, and changed hands at price range of $ 18.05 – 18.65 apiece. The closing price was at $18.53. Corning Incorporated (NYSE:GLW) recently declared second quarter sales of $1.42 billion and net income of $113 million. Adjusted net income in the second quarter raised 27 percent to $127 million. Through the first half of the year, Dow Corning’s adjusted net income, which excludes unusual items, has raised 9 percent despite reduced sales impacted largely by the strong United States dollar.
Peabody Energy Corporation (NYSE:BTU) closed latest trading day at $1.22, up 0.83%, on volume of over 15.87 million shares. Its average trading volume is 22.38 million shares. In the time frame of the last one month, the share-price has dropped almost -0.81%. Its market capitalization was $ 336.11M. Peabody Energy Corporation (NYSE:BTU) recently stated second quarter 2015 revenues of $1.34 billion. Adjusted EBITDA totaled $87.0 million, which includes $21.2 million in restructuring charges related to reductions in corporate and regional staff and Australian Mining Operations. Diluted Loss Per Share from Continuing Operations totaled $(3.71), including a $(3.06) per share impact related to asset impairments. Adjusted Diluted EPS totaled $(0.65), including a $(0.07) per share impact related to restructuring activities.
Exxon Mobil Corporation (NYSE:XOM) ended previous trading at $83.15, gaining 0.81%.The total number of shares traded on the latest trading day was about 4.18B shares. It’s one month graph, shares are 3.96% up. The 52-week high price of $104.76 and its 52-week low was recorded at $78.97. Exxon Mobil Corporation (NYSE:XOM) recently reported a cash dividend of 73 cents per share on the Ordinary Stock, payable on September 10, 2015 to shareholders of record of Ordinary Stock at the close of business on August 13, 2015.
This third quarter dividend is at the same level as the dividend paid in the second quarter of 2015.
Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has raised its yearly dividend payment to shareholders for 33 consecutive years.