Stocks Gain In Early Trading

U.S. stocks were trading higher in early-trade on Tuesday as investors cheered a set of better-than-expected Chinese economic data releases even as Syria accepted Russia’s proposal to put its chemical weapons program under international control, possibly averting a U.S. military intervention against Assad’s regime.

At last check, the Dow Jones gained 0.50%; the NASDAQ Composite Index added 0.47% while the S&P 500 Index edged up 0.50%.

Shares of Palo Alto Networks Inc. (NYSE: PANW) gained sharply in early-trade. The internet security solutions provider, after the market close on Monday reported adjusted earnings of 6 cents a share, which was in-line with expectation. Revenue topped Wall Street’s estimate. The only concern was a rise in operating expenses, in the latest quarter.

Shares of McDonald’s Corporation (NYSE: MCD) edged up in early-trade. The world’s leading fast food chain said that same-store-sales increased 1.9% in August, beating analysts’ forecast for 0.4% gain. Although U.S. sales were short of analysts’ expectation, sales from Europe comfortably edged past estimation.

In some corporate news, Apple Inc. (NASDAQ: AAPL) is expected to unveil some new products on Tuesday at 1 p.m. EST. The event is hosted at its Cupertino, Calif. headquarters.

Shares of Delta Airlines Inc. (NYSE: DAL) edged higher in early-trade. The stock was included in the Standard’s & Poor’s 500 Index, after the market close on Monday.

In China, factory activities expanded at a faster-than-expected pace in August while retail sales also rose at a better-than-expected rate in the same period. China’s benchmark Index; the Shanghai Composite Index gained 1.15%.

edliston

edliston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.