J&J Leads Dow Jones Higher, but This Stock's an Even Bigger Winner
Stock market investors are hoping October will prove to be a turning point for the stock market, and despite considerable volatility during the first half of the month, markets have started to cooperate more this week. After massive gains for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) on Monday, Wall Street appeared to be in a positive mood Tuesday morning as well, as futures contracts on key stock indexes had climbed another 2% by 8:45 a.m. ET.
Companies reporting their third-quarter financial results are getting a lot of attention from investors, and Johnson & Johnson (NYSE: JNJ) added its name to the list of stocks getting short-term boosts from favorable quarterly reports. Yet there were even bigger gains from small streaming television specialist FuboTV (NYSE: FUBO), which gave preliminary guidance that made its investors happier about its future prospects.
Shares of Johnson & Johnson rose between 1% and 2% in premarket trading on Tuesday. The healthcare giant reported third-quarter results that indicated considerable optimism about the future despite some potential short-term headwinds.
Source Fool.com
