The US stock market rises on the midfield on Tuesday, and Dow Jones once rose more than 120 points. Investors respond strongly to corporate earnings, including Coca-Cola and United Technologies.
Additional time 00:23
The Dow Jones industrial average increased by 55.04 points to 0.20% to 27226.94.
The Nasdaq index rose 4.26 points to 0.04% to 8208.40.
The S&P 500 index rose 7.86 points to 0.26% to 2992.89.
Analysts say Lido of today is in the business report for income and the monetary policy outlook. The S&P 500 is not far from the 3000 level, and the next shot of profit is expected to break the index by 3,100 points.
Coca-Cola shares increased more than 4%, the company reported that both profit and income were better than expected.
United Technologies – another Dow Jones constituent share – outperformed expected income and its share price was 1.7%. The company also increased its outlook on sales and profits for a whole year.
Biogenics also reported better than expected income and their share price was 5%.
More than 18% of S&P 500 companies reported profits, with over 78% making better than expected profits and 3.6% profit growth.
It is expected that the European Central Bank and the Federal Reserve will soon reduce interest rates, and the global stock market will rise. On Thursday, the European Central Bank will hold a policy meeting and it is expected that the interest rate will decrease by 10 basis points. The US Fed will end in & # 39; hold a policy meeting a month and is expected to cut interest rates by 25 basis points.
In Europe, the pan-European Stoxx 600 index rose 1.1%, while German and French oandel brands rose 1.7% and 1.1% respectively.