Upbeat earnings from Coca-Cola, United Tech lift Wall Street

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and ...

REUTERS: U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment.

"Coca-Cola posting very robust results is very encouraging and raises the prospects of stocks being able to perform in a changing environment," said Mike Loewengart, vice-president of investment strategy at E*Trade Financial in New York. Hopes that the Federal Reserve will cut rates at its policy-setting meeting next week to counter a slowing global economy have helped Wall Street's main indexes scale new record levels and put the S&P 500 just about 1per cent shy of its all-time high.sentifi.comAt 12:34 p.m. ET, the Dow Jones Industrial Average was up 55.41 points, or 0.20per cent, at 27,227.31, the S&P 500 was up 7.51 points, or 0.25per cent, at 2,992.54. The Nasdaq Composite was up 2.19 points, or 0.

The interest rate sensitive stocks likely got a boost from rising yields on the benchmark 10-year notes .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »