US stocks move Widely higher as earnings reports Stream in

As firms started to report their latest effects stocks moved broadly higher in early trading Tuesda Names including Hasbro, Lockheed Martin and Twitter all surprised Wall Street with earnings and strong profit. Analysts are watching corporate reports closely this week since they evaluate if quarter earnings U.S. firms will be as bad as forecast. Wall Street was predicting a contraction during this quarter. Technology firms led the gains after software maker Cadence Design Systems beat Wall Street’s predictions and gave a much better prognosis for the entire year to investors. Cadence climbed 4.6% and Qualcomm climbed 1.9 percent. Consumer product companies followed Hasbro higher. Commercial stocks gained ground as Lockheed Martin and United Technologies amazed investors.