Wall Street approaches record high on earnings optimism

REUTERS: The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies, while a debt ceiling and budget deal between President Donald Trump and Congress also buoyed sentiment.

The two-year federal spending between Trump and U.S. congressional leaders would avert a feared government default later this year, but add to rising budget deficits. "If they disappoint on earnings, that could have a negative impact on share prices because they represent such a large portion of the market," said CFRA chief market strategist Sam Stovall.

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Wall Street gains on robust Coca-Cola, United Tech earningsU.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and ...
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Upbeat earnings from Coca-Cola, United Tech lift Wall StreetU.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »

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 ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »