Share market closes higher to $47 per share after two hours

Share market closes higher to $47 per share after two hours

The Dow Jones industrial average ended higher on the session, surging nearly 600 points at 20,711.50.

“It’s an underperformance after four days of trading, but the market was off more yesterday and today. It’s a lot of upside for the market after such a tough week on Wall Street,” said Steve Blunt, chief market strategist at Blunt, Stockspike.

The tech-focused Nasdaq ended a mixed day higher, reaching a seven-month high. The market gained $5.3 billion on Tuesday, while the Dow saw its biggest one-day gain ever.

Coca-Cola bottlenecks growth

Coca-Cola and PepsiCo both posted positive earnings after disappointing perform바카라ance last week.

Sugars firm Coca-Cola on Tuesday announced it lowered its full-year guidance due to bottlenecks in sugar production.

After the drop in results, PepsiCo also lowered its full-year outlook for sales by 20 percent t바카라사이트o 31.2 million ounces.

“We expect both company performance and the cost of capital to continue to erode this quarter due to the continuing challenges associated with the sugar and carbonates industries,” said Brian Swann, Chief Financial Officer at PepsiCo.

After the earnings report, Dow Jones industrial average fell 0.7 percent to 2,067.15. The index ended Monday close at 2,076.59, its lowest close since January 24 and down a tenth from its July 31 closing price of 2,158.20.

Shares of Cargill are up 17 cents at $48.60, while American Express has climbed 1.7 percent to $41.20.

Stocks, bonds sell at end of session

Investors are starting to take a pause on equities after a disappointing earnings report Wednesday and a series of reports from the Federal Reserve. But after seeing gains and selling off stocks in the early days of the session, the S&P 500 Index dropped 0.3 percent after closing at 1,527.55. The Dow fell 0.1 percent at 20,851.75 and the Nasdaq C우리카지노omposite fell 0.2 percent to a record near 16,839.25.

“After a fairly positive week, it’s no surprise that this week’s losses for stocks are expected to continue,” said Mark Zandi, chief investment officer at Moody’s.