Newscasts - Wall St ends higher amid mixed earnings, Trump-Xi meeting confirmed

Dow

24/10/2025 01:27

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Source: 'Reuters - Business videos'

Description: Wall Street advanced on Thursday as investors mulled a mixed batch of corporate earnings and shifting geopolitical concerns. Lisa Bernhard has more.

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Video Transcript:

US stocks advanced on Thursday, with the Dow adding almost a 0.3%, the S&P 500 gaining more than 0.5%, and the NASDAQ climbing roughly 0.9%. The indexes gained some momentum after the White House confirmed President Donald Trump will meet Chinese President Xi Jinping next week, easing investors' trade tensions. Stocks were also boosted by some strong third-quarter earnings results, including from American Airlines, notes Liz Miller, President of Summit Place Financial Advisors.

Well, I think the American Airlines are of note today because, again, that feeling of sentiment that travel was affected this summer, that it was going to be difficult for companies in that discretionary area to do well. And then we not only saw very good results out of American, we saw them raising their outlook for the next part of the year. And across different industries, this is the theme we're seeing rewarded.

Shares of the carrier gained more than 5.5%. Honeywell raised its annual profit forecast on strong aerospace demand, sending its shares up nearly 7%. Shares of Dow jumped 13% after the company reported a smaller-than-expected quarterly loss as cost cuts and higher volumes helped offset weakness in chemical prices. And shares of Valero Energy rose 7% after the oil refiner reported better-than-expected third-quarter profits on the back of a rebound in refining margins and record refinery throughput in the Gulf Coast and North Atlantic regions.