MARKETS: U.S. stocks moved higher in midday trading Tuesday on Wall Street as several major companies reported solid second quarter earnings.
U.S. stocks moved higher in midday trading Tuesday on Wall Street as several major companies reported solid second quarter earnings.
Coca-Cola soared after beating Wall Street's second quarter profit forecasts. The surprisingly good results helped lift other consumer product makers. Kraft Heinz rose 2.2% and Kellogg rose 1.9% ANALYST'S TAKE: Corporate earnings remain the key focus for investors. Overall, companies are on track for a retreat in profit that would mark the second consecutive earnings slowdown.
STOCK POP: Coca-Cola rose 5.9% after the beverage company raised its revenue forecast for the year following a solid second quarter. The company reported 3% growth in sales of its namesake soft drinks and it has been expanding into energy drinks and coffee.
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