US shares move slightly higher in premarket

Tuesday, 22. October 2019 14:00

Shares on Wall Street moved mostly into positive territory in premarket trade on Tuesday, posting slight gains following the release of the latest batch of corporate earnings.

Procter & Gamble released better-than-expected earnings with sales increasing 7% year-over-year. Meanwhile, shares of Biogen surged nearly 40% in premarket trade after the biotech company beat earnings estimates as well.

At 8:00 am ET, the Dow Jones was flat, the S&P 500 gained 0.12%, while the Nasdaq 100 rose 0.30%. Meanwhile, the euro declined 0.10% against the dollar, buying 1.11386.

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Author:
Breaking the News / JC