Robust Earnings Lift Wall Street
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r_drewek/iStock/Thinkstock(NEW YORK) — Stocks moved higher on Tuesday, in part due to robust earnings reports.
The Dow Jones Industrial Average finished the session on Tuesday at 17,868.76, up 139.55 from its open.
The Nasdaq also finished up 61.63 to close at 4,787.65. The S&P 500 rose by 21.85 points to close at 2,068.59.
Coca-Cola stock rose after the company reported a better than expected quarter profit on Tuesday.
General Motors also revved up its stock price, after an activist investor said he’d seek a seat on the company’s board and push for a stock buyback.
Harry Wilson disclosed his plan in a meeting with GM CEO Mary Barra last week. He represents investors who own more than two percent of the company.
Kraft Foods is making a big change in its popular Capri Sun drink products. The company is replacing high-fructose corn syrup with sugar, a move that will reduce the calories from 60 per pack to 50.
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