US Close 24 July 19: Stocks advance on earnings & rate cut hopes

 

US sharemarkets lifted on Tuesday. Bloomberg reported that US Trade Representative Robert Lighthizer will head to China for talks on Monday. A debt ceiling and budget deal between US President Trump and US Congress also buoyed sentiment. Coca-Cola shares rose by 6.1% to a record high after the drink maker beat quarterly earnings expectations and raised its full-year organic revenue forecast. Shares of United Technologies rose by 1.5% after raising its full-year profit and sales outlook. The Dow Jones rose by 177 points or 0.7%. The S&P500 lifted by 0.7% and the Nasdaq gained 47 points or 0.6%

 

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