Wall Street Races Higher Amid Earnings, Spain Optimism
Originally published at Fox Business
FOX Business: The Power to Prosper
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.
Continue reading this article here.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.