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Dow Breaks 47,200 as Earnings Lift Wall Street Momentum
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Wall Street rallied as robust P&G and Alphabet earnings pushed the Dow above 47,200 and S&P 500 past 6,790, boosting optimism for sustained corporate and consumer resilience.
U.S. equities advanced sharply, with the Dow Jones closing at 47,200 and S&P 500 surpassing 6,790 amid strong corporate results. Procter & Gamble posted quarterly net income of US$4 billion (₹33,420 crore), while Alphabet’s advertising unit logged 9% revenue growth to US$67.2 billion. Investor sentiment improved on resilient consumer spending and stable rate-cut expectations, prompting broad-based gains across consumer and tech sectors. Analysts said continued profit strength could reinforce market optimism into November’s trading cycle.