Wall Street gains on robust Coca-Cola, United Tech earnings

REUTERS: U.S. stocks rose on Tuesday boosted by better-than-expected earnings and forecast raises from blue-chip companies including Coca-Cola and United Technologies, soothing concerns over the pace of economic growth.

Its gains pushed the consumer staples sector 0.9per cent higher, the biggest gainer among the major S&P sectors. The overall profits of S&P companies are now estimated to rise about 1per cent in the second quarter, according to Refinitiv IBES data, improving from estimates of a small decline earlier. The European Central Bank is expected to cut interest rates on Thursday by 10 basis points and the Fed, which will meet a few days later, is widely expected to lower rates by at least 25 basis points.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Wall Street gains as earnings season gathers steamU.S. stock index futures rose slightly on Monday as investors geared up for a busy week of corporate earnings, with results from major companies ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »