FYI: U.S. stocks climbed Tuesday, lifted by a series of better-than-expected earnings from companies ranging from Coca-Cola to United Technologies.
The Dow Jones Industrial Average gained 177 points, or 0.65%, to 27349. The S&P 500 added 0.68% and the Nasdaq Composite advanced 0.58%.
More than 100 components of the S&P 500 are set to report second-quarter results this week. So far, earnings have largely proven to be better than investors had feared, helping stocks drift higher in otherwise quiet summer trading.
Coca-Cola jumped 5.8% after reporting a rise in quarterly profit and sales, thanks to higher demand for its namesake soft drinks.
United Technologies, which raised its outlook for the year, gained 0.3%. Hasbro rose 8.8% after the maker of My Little Pony and Monopoly posted better-than-expected results.
Investors will get a look at earnings results from Chipotle Mexican Grill and Visa, among other firms, after the market closes.
In one warning sign, the International Monetary Fund said Tuesday that a sharp deceleration of global trade was slowing down global economic growth more than earlier projected. Economists at the IMF now expect real global economic growth to slow to 3.2% in 2019, down from 3.6% last year.
Elsewhere, the Stoxx Europe 600 rose 1%, supported by a rally in shares of basic resources firms and auto-related companies.
Daimler rose 4.4% after it said that China’s state-owned Beijing Automotive Group had taken a roughly 5% stake in the company.
U.K. stocks closed higher after Boris Johnson, the former foreign secretary and leading voice of the campaign to leave the European Union, won the leadership of the ruling Conservative Party.
The FTSE 100 rose 0.6%, while the British pound edged down 0.3% against the dollar.
Earlier, stocks across Asia mostly closed higher.
The Shanghai Composite ended up 0.4%, while Japan’s Nikkei Stock Average climbed 1%.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-07-23/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-index-futures-edge-higher-as-earnings-season-ramps-up-2019-07-23/printWSJ:
https://www.wsj.com/articles/global-stocks-gain-on-u-s-moves-on-budget-trade-11563869638Bloomberg:
https://www.bloomberg.com/news/articles/2019-07-22/asian-stocks-set-for-modest-gains-oil-advances-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-today-led-by-coca-cola-stock-jp-morgan-goldman-sachs/CNBC:
https://www.cnbc.com/2019/07/23/us-stock-futures-cautiously-higher-as-big-earnings-week-gathers-pace.htmlReuters:
https://uk.reuters.com/article/uk-global-markets/world-stocks-rise-on-upbeat-earnings-sterling-drops-on-brexit-prospects-idUKKCN1UI015U.K:
https://uk.reuters.com/article/uk-britain-stocks/upbeat-earnings-weaker-pound-lift-ftse-100-to-more-than-two-week-high-idUKKCN1UI0OZEurope:
https://www.reuters.com/article/us-europe-stocks/automakers-lift-european-shares-to-more-than-two-week-high-idUSKCN1UI0PLAsia:
https://www.marketwatch.com/story/asian-markets-rise-after-wall-street-gains-encouraging-trade-talk-news-2019-07-22/printBonds:
https://www.cnbc.com/2019/07/23/treasury-yields-traders-look-ahead-to-central-bank-decisions.htmlCurrencies:
https://www.cnbc.com/2019/07/23/oil-markets-middle-east-in-focus.htmlOil:
https://www.cnbc.com/2019/07/23/oil-markets-middle-east-in-focus.htmlGold:
https://www.cnbc.com/2019/07/23/gold-markets-dollar-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
