The Dow Jones Industrial Average’s
components that reported quarterly results ahead of Thursday’s provided the bulk of the index’s early gains after all beat profit expectations. The combined implied shares price gains of Honeywell Corp.
and Merck & Co. Inc.
would add about 160 points to the Dow’s price, while Dow futures
climbed 291 points, or 0.9%, with 25 of 30 Dow components seeing premarket gains. Individually, Caterpillar’s stock added about 59 points, Honeywell’s added 55 points, McDonald’s provided a 36-point boost and Merck added 14 points.
Read the original article