US Stock Nears Record Highs

Video Credit: Wochit Tech
Published on August 26, 2020 - Duration: 00:33s

US Stock Nears Record Highs

US equities hovered near all-time highs on Wednesday.

Investors are studying healthy earnings results, positive economic data, and falling daily COVID-19 infections.

Salesforce, Urban Outfitters, and HP Enterprise all gained after beating Wall Street estimates for quarterly profits.

The Census Bureau said US durable-goods orders gained 11.2% in July.

The reading beat economists' 4.8% estimate and it signaled a continued recovery in the nation's manufacturing industry.

Oil prices climbed.

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