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Home / Business / Dow surpluses as strong profits help the market recover from last week's sell-off

Dow surpluses as strong profits help the market recover from last week's sell-off



Stocks rallied on Tuesday after strong quarterly results released by some of the largest US companies gave the market a rebound from last week's sale.

percent. Dow members Johnson & Johnson and UnitedHealth both outperformed expectations.

BlackRock posted mixed quarterly results as earnings outperformed estimates while sales failed.

Investors will be watching Netflix after the close on Tuesday. how the company publishes its quarterly results. In the previous reporting season, the streaming giant fell sharply as subscriber growth was lower than expected.

"Our best estimate is that the international net gains of 3Q will be in line with our forecast of 4.4 million estimate," said German bank analyst Bryan Kraft in a note. "However, based on investor feedback collected by DB, buyers' expectations in the upper 4M range are slightly higher, at least in part because of the belief that management has behaved conservatively."


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