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US: Stocks rally on earnings, trade talks report

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[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. Read more at The Business Times.

[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.

 

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