Earnings send Wall Street higher as investors eye State of the Union speech
Updated : February 06, 2019 06:21 AM IST
Shares of Alphabet Inc reversed course to end 0.9 percent higher. The Google parent company's results beat estimates, but its shares were dragged down earlier in the session by sharply higher spending.
Optimism toward the prospect of a lasting resolution to the dispute over border wall funding, which prompted a record 35-day partial US government shutdown, also buoyed Wall Street.
In addition to corporate earnings, Wall Street's rally this year has been helped by a recent dovish stance from the Federal Reserve and hopes of a trade deal between the United States and China.
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