Stocks Ended Higher on Strong Earnings

U.S. stocks ended sharply higher on Thursday, as a series of positive earnings and waning trade jitters girded investor confidence. The Dow Jones Industrial Average rose 396.32 points, or 1.58%, to 25,558.73. The S&P 500 gained 22.32 points, or 0.79%, to 2,840.69. The Nasdaq Composite added 32.41 points, or 0.42%, to 7,806.52.

Oil futures edged higher on Thursday to mark their first gain in four sessions. West Texas Intermediate crude for September delivery tacked on 45 cents, or 0.7%, to settle at $65.46 a barrel. October Brent crude rose 67 cents, or nearly 1%, to $71.43 a barrel.

Walmart (WMT) reported second-quarter adjusted earnings of $1.29 per share, beating Wall Street expectations of $1.22. Management raised its full-year EPS guidance to a range of $4.90 to $5.05 per share, up from previous guidance of $4.75 to $5.00.

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