Dow inches toward record territory as Coke, United Tech rally after earnings

U.S. stocks rose Tuesday morning, as investors parse a wave of corporate earnings, including those from blue-chip consumer-focused companies, Coca-Cola Co. and Procter & Gamble Co., which investors will pore over to glean the health of American corporations and the global consumer.

What’s driving the market? As most major U.S. benchmarks slowly inch closer to new records, Wall Street is laser-focused on a batch of corporate results from several Dow components, including Coke KO, +1.72% P&G PG, -2.50% as well as United Technologies Corp. UTX, +1.61% and Verizon Communications Inc. VZ, -2.26% to help asses whether earnings, revenue and guidance from some of the country’s biggest corporations is sufficient to tip equity indexes to fresh all-time highs.

Meanwhile, social media giant Twitter’s shares were setting the pace for the S&P 500, up 16.7% after the social media company reported user growth well beyond analyst forecasts. Toy maker Hasbro Inc. HAS, +15.34% wasn’t far behind, with its shares up 13.8%, after the firm reported a surprise profit and growth in revenue.

Verizon shares fell 2.3%, even after the communications giant beat first-quarter profit expectations, while revenue was in line, and raised its outlook. Shares of Harley-Davidson Inc. HOG, +0.96% fell 0.4% Tuesday, after the motorcycle manufacturer missed earnings estimates slightly, while surpassing revenue expectations.

What are analysts saying? “Overall, the [corporate] results indicate an improving world economy, particularly for big-ticket items on both the consumer and industrial spending sides, supporting investor interest in cyclical sectors like Consumer Discretionary, Industrials, Communications, and Technology,” wrote Colin Cieszynski, chief market strategist at SIA Wealth Management in a Tuesday research note.

Finance Finance Latest News, Finance Finance Headlines

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

Dow rises more than 100 points after big day for earnings and IPOsStocks closed higher on the last trading day of the holiday week, with the Dow rising 150 points. The S&P 500 gained 0.2%, led by industrials, while health care was the worst performing sector of the week. You still think your assets are secured on exchange you use ? Think again, Do not wait until it happens with your exchange and get a Ledger Nano X now. ok ok
Source: CNBC - 🏆 12. / 72 Read more »

Stock market ends holiday-shortened week higher, with Dow within shouting distance of a recordU.S. stocks ended higher Thursday as investors appeared to find optimism in a round of corporate earnings and economic reports, and as a highly anticipated... Getting richer! Capitalism rules! Thank you Donald Trump! HAPPY NO COLLUSION DAY AMERICA! CollusionDelusion
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow futures under pressure | Another Dem enters 2020 race | Tesla probes car fireInvestors appear cautious ahead of the final seven trading days of April, with futures pointing to a lower open this morning.
Source: CNBC - 🏆 12. / 72 Read more »

Dow under pressure | Oil prices surge | Musk promises robotaxisFutures are pointing to very little movement at the Wall Street open, in a continuation of the very cautious trading of recent days.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks set for subdued action as quartet of Dow components delivers earningsU.S. stock-index futures on Tuesday edge lower ahead of a barrage of quarterly results, including blue-chip consumer-focused companies, Coca-Cola Co., and Procter & Gamble Co., which investors will pore over to glean the health of American corporations.
Source: MarketWatch - 🏆 3. / 97 Read more »