World Business

Wall Street rallies on earning speculations

(Xinhua)
Updated: 2010-07-14 09:50

NEW YORK - Wall Street extended its rally to the sixth straight day on Tuesday as investors were encouraged by Alcoa's earnings.

Related readings:  Alcoa raises demand outlook; China to be major consumer  Alcoa moves to Q2 profit on improved demand  Alcoa on the prowl for M&As in China  Krugman calls for more stimulus

Alcoa, the first Dow component company to report second-quarter results, boosted investors' confidence for a strong earning season.

The Dow Jones industrial average rose 146.75 points, or 1.44 percent, to 10,363.02. The Standard & Poor's 500 index gained 16. 59 points, or 1.54 percent, to 1,095.34 while the Nasdaq was up 43. 67 points, or 1.99 percent, to 2,242.03.