NEW YORK - Stocks are extending their rally on Wall Street Wednesday as investors assess the latest batch of solid corporate earnings reports and set aside fears about economic fallout from the virus outbreak that originated in China. Versace parent Capri Holdings jumped 7.2% and CoverGirl owner Coty jumped 14.4% for some of the strongest gains as Wall Street rewarded their solid earnings. KEEPING SCORE: The S&P 500 index rose 0.8% as of 10:25 a.m. Eastern time. The Russell 2000 index of smaller company stocks rose 1.1%. SHRINKING DEPARTMENT: Macy’s rose 2.3% after the department store giant said it will cut 2,000 corporate jobs and close 125 of its least productive stores.

Source: thestar February 05, 2020 14:50 UTC