Companies like Coca-Cola and IBM beat earnings on Tuesday.
The market opened higher on Tuesday as companies like Coca-Cola and IBM beat earnings estimates and investors remain on alert for fiscal stimulus updates from U.S. lawmakers.Johannes Eisele/AFP via Getty ImagesThe Dow Jones Industrial Average was up 1.2%, over 300 points, on Tuesday, while the S&P 500 rose 0.7% and the tech-heavy Nasdaq Composite lost 0.1%.
IBM shares rose 2% after the company topped revenue estimates and improved gross margins in the second quarter, while Coca-Cola also topped Wall Street expectations—despite aMarket sentiment got a boost after European Union leaders agreed to move forward with a 750 billion euro stimulus package: The European Council President called it a “pivotal moment” for Europe.
The announcement comes as U.S. lawmakers work on another coronavirus relief bill, with many investors on Wall Street monitoring the progress being made on additional stimulus. Congress faces mounting pressure to pass more relief before the end of July, which is when the $600 per week federal unemployment insurance benefit will run out.on Tuesday that he doesn’t expect the next coronavirus relief bill to pass before the end of the month, when several key provisions of the $2.2 trillion CARES Act will expire.
Stocks have also moved higher on the back of positive vaccine news in recent days: Pfizer and BioNTech both reported progress on their joint coronavirus vaccine, while a vaccine from Oxford University and AstraZeneca showed aOil prices hit their highest levels since March: WTI futures jumped to over $42 per barrel on Tuesday, while Brent crude reached nearly $45 per barrel.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dow down 100 points as Wall Street parses earnings rush, vaccine newsU.S. stocks trade mostly lower on early Monday’s trade as investors brace for a barrage of quarterly results from corporations over the coming days. More...
Weiterlesen »
Stock market live updates: Dow adds 200, IBM pops, oil highest since MarchThis is CNBC's markets live blog that will be updated throughout the day.
Weiterlesen »
63% support Black Lives Matter as recognition of discrimination jumps: POLL63% of Americans support the Black Lives Matter movement and a record 69% say Black people and other minorities are denied equal treatment in the criminal justice system, per new ABC News/WaPo poll.
Weiterlesen »
Congresswoman Maxine Waters jumps out of her car to intervene as black man stopped by policeCalifornia congresswoman Maxine Waters went to assist a black man who was pulled over by police in Los Angeles this weekend.In a video shared online, Ms Waters parked her SUV and said she intervened to see what Los Angeles Police Department (LAPD) officers were doing when they pulled a black man over
Weiterlesen »
Dow stumbles as it begins the week—three experts on how to invest nowThe Dow stumbled as it began the week as investors watched for potential vaccines and future economic stimulus.
Weiterlesen »
Stock market live updates: Amazon leads Nasdaq higher, positive vaccine news not helping, Dow in the redStephens raised its price target on Zoom to $220 from $180 Monday morning. $ZM Follow along with the latest stock market updates here:
Weiterlesen »