(Reuters) – U.S. stocks edged higher on Tuesday, as upbeat results from Coca-Cola, Twitter and a host of industrial companies allayed investor concerns about slowing profits.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 23, 2019. REUTERS/Brendan McDermid
Wall Street’s main indexes hovered below record levels as investors wait to see if results from major companies ease concerns about an earnings recession.
Among the biggest boosts to the S&P 500 was Twitter Inc which surged 13.6%, touching a near nine-month high, after posting better-than-expected quarterly revenue and a surprise rise in monthly active users.
Coca-Cola Co rose 2.6% after its quarterly sales beat estimates.
Profits at S&P 500 companies are expected to decline 1.7% in the first