REUTERS: U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment.
"Coca-Cola posting very robust results is very encouraging and raises the prospects of stocks being able to perform in a changing environment," said Mike Loewengart, vice-president of investment strategy at E*Trade Financial in New York. Hopes that the Federal Reserve will cut rates at its policy-setting meeting next week to counter a slowing global economy have helped Wall Street's main indexes scale new record levels and put the S&P 500 just about 1per cent shy of its all-time high.sentifi.comAt 12:34 p.m. ET, the Dow Jones Industrial Average was up 55.41 points, or 0.20per cent, at 27,227.31, the S&P 500 was up 7.51 points, or 0.25per cent, at 2,992.54. The Nasdaq Composite was up 2.19 points, or 0.
The interest rate sensitive stocks likely got a boost from rising yields on the benchmark 10-year notes .
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »