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Dow Jumps Over 500 Points; FactSet Research Posts Upbeat Earnings

Benzinga ·  Sep 20 00:39

U.S. stocks traded higher midway through trading, with the Dow Jones index jumping more than 500 points on Thursday.

The Dow traded up 1.25% to 42,023.61 while the NASDAQ rose 2.30% to 17,976.99. The S&P 500 also rose, gaining, 1.60% to 5,707.97.

Leading and Lagging Sectors

Information technology shares jumped by 2.9% on Thursday.

In trading on Thursday, utilities shares fell by 0.6%.

Top Headline

FactSet Research Systems Inc(NYSE:FDS) reported better-than-expected results for its fiscal fourth quarter.

The company posted quarterly sales growth of 4.9% year-on-year to $562.2 million, beating the analyst consensus estimate of $546.81 million. Adjusted EPS of $3.74 beat the analyst consensus estimate...

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