- The Nasdaq closed 0.9% higher at 14,632 on Wednesday.
- Verizon climbed on exceeding estimates & setting records for Q2 results.
- Johnson & Johnson rallied on strong Q2 results, beating all expectations.
The US markets rallied for a second straight session on Wednesday as investors responded to companies releasing strong second quarter earnings reports.
The Dow Jones rose 0.83% to finish the trading day up 286 points to close at 34,798 points.
The tech heavy NASDAQ rose 0.9% to finish the trading day up 133 points to close at 14,632 points with Facebook and Amazon gaining 1.34% and 0.34% respectively.
One bitcoin is worth US$32,181 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 73.53 US cents.
Telecommunications giant Verizon climbed almost 1% on Wednesday after beating estimates and Wall St targets for its June-quarter earnings results. For the second quarter, Verizon?s revenue was US$33.8bn, net income topped US$5.9bn and the addition of 275,000 postpaid wireless phone subscribers topped expectations of a 165,000 increase.
Johnson & Johnson shares rallied following the release of second quarter results that beat all analyst expectations. The pharmaceutical and health company reported a net income of US$6.3bn, up from US$3.6bn for the same period a year earlier, and sales rose 27.1% to US$23.3bn.
Amazon?s Alexa has rolled out a new masculine-sounding voice option for its virtual assistant, alongside celebrity voices including Melissa McCathy.