Wall Street Races Higher Amid Earnings, Spain Optimism
Originally published at Fox Business
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The markets soared on Tuesday, propelled by strong earnings from Dow component Coca-Cola and easing worries about the eurozone debt crisis.
As of 12:00 p.m. ET, the Dow Jones Industrial Average climbed 177 points, or 1.4%, to 13098, the S&P 500 rose 18.7 points, or 1.4%, to 1388 and the Nasdaq Composites gained 48.3 points, or 1.6%, to 3037.
The gains were broad-based on the day, but the technology, basic materials, financial and energy sectors performed the strongest. Out of the Dow components, Coca-Cola (KO: 74.31, +1.87, +2.58%) and Hewlett-Packard (HPQ: 24.96, +0.66, +2.69%) performed the best. Apple (AAPL: 604.08, +23.95, +4.13%) helped the Nasdaq zoom higher, jumping 2.7% after tumbling in the last session. Market participants had a bounty of headlines to parse through on Tuesday. In particular, traders were focusing on the slew of corporate results that were released ahead of the opening bell.
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