(MENAFN– ecpulse)
Throughout the day till closing the U.S shares kept on climbing to the upside to end the day in green for a second day as earnings from Coca-Cola Co. and Johnson & Johnson overwhelmed concerns that tensions in Ukraine are worsening.
U.S. stocks finished higher on Monday after a day of choppy trading. The NASDAQ finished up 0.6%, while the Dow Jones Industrial Average and the S&P 500 closed both shy of 1% of gains. However, all three indices are still down for the year.
-The Dow Jones Industrial Average gained 0.55% or 89.32 to 16262.56
-The S&P 500 index gained 0.10% or 12.37 points to 1842.98
-The NASDAQ Composite gained 0.29% or 11.47 points to 4034.16. As of 16:15 p.m. ET
Johnson & Johnson`s first-quarter profit rose 8 percent, because of restrained costs and a jump in prescription drug sales. The world`s biggest health care-product maker topped Wall Street expectations and raised its profit outlook. Its stock rose $1.74, or 1.8 percent, to $98.885, at the start of trading Tuesday morning.
Coca-Cola`s first-quarter profit fell nearly 8 percent as the world`s largest beverage maker faced a stronger dollar and sold less of its benchmark soda. However, the company sold more of its noncarbonated drinks worldwide, and its earnings matched expectations.
Coca-Cola rose 90 cents, or 2.32 percent, to $39.63.
On the data front, higher costs for food and rentals overshadow a drop in energy costs as consumer inflation rose more than estimated in March. The U.S. Labor Department said the consumer price index increased 0.2% in March, after a rise of 0.1% over the previous two months.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.