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Stocks rose on Tuesday as investors cheered strong quarterly numbers from companies like Coca-Cola and United Technologies.
The Dow Jones Industrials hurtled 86.94 points higher to 27,258.84
The S&P 500 poked ahead 5.46 points to 2,990.49
The NASDAQ Composite gained 5.63 points to 8,209.76
Coca-Cola shares jumped more than 4% after the company posted earnings and revenue that topped analyst expectations. Coca-Cola pointed to a 4% rise in volume and transactions during the previous quarter in Coke’s namesake brand. Volume from its Zero Sugar line also grew by double digits.
United Technologies, another Dow component, reported better-than-expected quarterly results and its stock gained 1.7%. CEO Gregory Hayes pointed to "outperformance" from its Collins Aerospace division as a driver for the strong quarter. The company also raised its full-year outlook for earnings and organic sales growth.
Biogen also reported better-than-expected earnings, sending its stock up 5%.
Visa, Chipotle and Snap are among those reporting after the bell.
More than 18% of S&P 500 companies have posted quarterly numbers this earnings season. Of those companies more than 78% have reported better-than-expected profits. Those companies have also seen their earnings grow by an aggregate of 3.6%.
Prices for the benchmark 10-year U.S. Treasury sagged again, raising yields to 2.06% from Monday’s 2.05%. Treasury prices and yields move in opposite directions.
Oil prices added 11 cents at $56.33 U.S. a barrel.
Gold prices picked up $1.60 to $1,428.50 U.S. an ounce.
