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U.S. Indices Finished on Positive Ground on Tuesday

Author:
Alexandar Machev
Market News

The S&P 500 and Nasdaq closed at record highs Tuesday as investors cheered the latest batch of solid corporate earnings, including those from blue-chip Coca-Cola Co. and social-media brands such as Twitter Inc.

The Dow Jones Industrial Average rose 145.34 points, or 0.6%, to 26,656.39, less than 1% away from its record. The S&P 500 index added 25.71 points, or 0.9%, to 2,933.68, and the Nasdaq Composite gained 105.56 points, or 1.3%, to 8,120.82.

Earnings continued to dominate the market, with several Dow components such as Coca-Cola, Procter & Gamble Co., United Technologies Corp. and Verizon Communications Inc. releasing quarterly results.

Twitter Inc. shares led the S&P 500’s charge into record territory, up 16% after the social media company reported user growth well beyond analyst forecasts.

 

 

International Financial Markets Department

Euro-Finance Ltd.

forex@eurofinance.bg

www.eurofinance.bg 

*This material should not be considered as a recommendation for buying/selling securities.