[NEW YORK] Wall Street stocks rallied on Tuesday following a batch of mostly good earnings and as reports that face-to-face US-China talks will be held next week lifted hopes of a trade agreement.
Analysts also pointed to news reports that US Trade Representative Robert Lighthizer will lead a delegation to China next week to resume negotiations. Analysts say expectations the Federal Reserve will cut interest rates also are boosting stocks, while worries about a"hard" Brexit under newly-picked Prime Minister Boris Johnson was seen as a possible headwind.
Among individual companies, Dow member Coca-Cola shot up 6.1 per cent as it lifted key 2019 financial projections, amid especially strong North American results.
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 »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »