In earnings, 167 companies in the S&P 500 – or one-third of the benchmark index – will report this week. Included in that list are 13 Dow members, or just over 40% of the blue chip index.
Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums. Coca-Cola was among the companies to suspend operations in Russia after it invaded neighboring Ukraine. But on Monday, it stuck by earlier revenue growth projections of 7% to 8% and per-share growth of 5% to 6% for the year.
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ALL BAD !