Stock market news: July 23, 2019

US Stocks rose on their heels with stronger than expected earnings results from several major companies Tuesday morning and a announced two-party agreement on the debt ceiling. Overseas European stock markets climbed after Boris Johnson reconciled the vote to become Britain's new prime minister.

<p class = "teacher-atom teaching text Mb (1[ads1].0 em) Mb (0) – sm Mt (0.8 em) –sm" type = "text" content = "S & amp; P 500 ( ^ GSPC ) rose 0.37%, or 10.91 points, from 09:34 ET The Dow ( ^ DJI ) advanced 0.46%, or 125.06 points, as shares of Coca-Cola ( KO ) and United Technologies ( UTX ) climbed after companies topped Wall Street's quarterly earnings expectations. Nasdaq ( ^ IXIC ) rose 0.43%, or 35 points. "data-response time =" 16 "> S&P 500 (^ GSPC) increased 0.37%, or 10.91 points, from 9:34 pm ET. Dow (^ DJI) advanced 0.46%, or 125.06 points, as the Coca-Cola (KO) and United Technologies (UTX) shares climbed after companies topped Wall Street's quarterly earnings expectations. Nasdaq (^ IXIC) rose 0.43%, or 35 points.

<p class = "canvas-atom canvas-text Mb (1.0 em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "Late Monday, President Donald announced Trump that he and the congressional leaders had reached a bipartite agreement to raise the government's borrowing limit and increase federal spending, in a move that helped the government avoid potentially catastrophic default payments over the next few months . "data-reactid =" 17 "> Late Monday, President Donald Trump announced that he and the Congress leaders had reached a two-party agreement to raise the government's loan limit and increase federal spending, in a move that helped the government avoid potentially catastrophic default payments in the next months.

The plan, which outlines more than $ 2.7 trillion in spending over two years and suspends the debt ceiling through July 2021, was a product of week's talks between house speaker Nancy Pelosi and Finance Secretary Steven Mnuchin. The House of Representatives must approve the agreement this week in advance of Congress's six-week recess, while the Senate may vote on the agreement as late as next week.

UK's new prime minister

Overseas, European shares advanced and battered British pound swung after frontrunner Johnson won the election to become Britain's prime minister.

Johnson, former UK foreign secretary and mayor of London, defeated Foreign Secretary Jeremy Hunt to become the new ruler of the ruling Conservative and set him up to succeed Theresa May as prime minister Wednesday.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Johnson inherits a three-year struggle to delivering an exit plan for the UK from the EU, and a freestanding parliament that has repeatedly hit the Mays Brexit roadmap, Johnson, a vocal hardline Brexit spokesman, has pledged to pick Britain from the EU by October 31, raising in & nbsp; the prospect of an appointment without agreement & nbsp; that can roil businesses in the region. "Data-reactid =" 22 "> Johnson inherits a three-year struggle to deliver an exit plan for the UK from the EU, and a detached parliament that has repeatedly hit May's Brexit roadmap. Johnson, a vocal hardline Brexit spokesman, has pledged to pick the UK from the EU by October 31, and lifted the prospect of an unprecedented deal that could burn businesses in the region.

<p class = "canvas-atom canvas -text Mb (1.0 em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "The British pound originally rose against the US dollar ( GBPUSD = X ) after the announcement of Johnson's victory, before mating gains and dipping to below $ 1.25, London's FTSE 100 index ( ^ FTSE ) rose 1.06%, or 79.86 points. "Data-response time =" 23 "> The British pound rose to the US dollar (GBPUSD = X) after the announcement of Johnson's victory before he paired winnings and dipped below 1, $ 25. London's FTSE 100 index (^ FTSE) rose 1.06%, or 79.86 points.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "Meanwhile, global stocks did not meaningfully changed after & nbsp; The International Monetary Fund (IMF) cut global growth forecast to 3.2% in 2019 and 3.5% by 2020, with both revised 0.1 percentage points from IMF report in April The institution cited ongoing risks due to US and China trading tensions and Brexit uncertainties as the cause of the audit, which was published Tuesday morning ET. "data-response time =" 24 "> Meanwhile, global stocks did not change meaningfully after the The International Monetary Fund (IMF) cut its global growth forecast to 3.2% in 2019 and 3.5% by 2020, with both figures revised 0.1 percentage points from the IMF's April report. The institution cited ongoing risks due to trading tensions in the US and China and uncertainties in Brexit as the cause of the audit, which was published Tuesday morning ET.

Performance update

The second-quarter earnings season continues to shrink, with some positive reports Tuesday morning, investors are optimistic that a reduction in overall earnings per share from S&P 500 components can be avoided from year to year.

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<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm "type =" text "content =" Coca-Cola ( KO ) posted comparable earnings per share (EPS) that exceeded consensus expectations, to deliver 63 Earnings per share against 61 cents an expected share In the company's North American market, higher drinks prices for sugary beverages, together with stronger sales for healthier beverages, have contributed to increasing profits, and a 7% increase in unit fall in Asia has contributed to increase that consumer demand target up 3% globally during the quarter. "data-reactid =" 38 "> Coca-Cola ( KO ) recorded comparable earnings per share (EPS) as topped consensus expectations, delivering 63 cents per share against 61 cents per share expected. In the company's North American market, higher drinks prices for sugary beverages, together with stronger sales for healthier beverages, helped to boost profits. In addition, an increase of 7% in unit volume in Asia contributed to increasing consumer net sales by 3% globally during the quarter.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) –sm Mt (0.8em) – sm" type = "text" content = " Elsewhere, aviation and defense companies United Technologies ( UTX ) and Lockheed Martin ( LMT ) beat every expectation in quarterly results and lifted forecasts for the whole year, underlining the ongoing strength of the aviation market. "data-reactid =" 39 "> Elsewhere, aviation and defense companies United Technologies (UTX) and Lockheed Martin (LMT) beat every expectation in quarterly results and lifted forecasts for the whole year, underscoring the ongoing the strength of the aviation market.

<p class = "canvas-atom canvas text Mb (1,0 em) Mb (0) – sm Mt (0,8 em) – sm" type = "text" content = "United Technologies, which let the forecasts several times over the past year, and & nbsp; recently announced a merger & nbsp; with Raytheon, saying it expects adjusted earnings to come between $ 7.90 and $ 8.05 per share for the year, raising the low end of $ 10, the Lockheed Martin said it expects full-year EPS to range between $ 20.85 and $ 21.15 per share, up from $ 20.05 to $ 20.35 the area it led earlier, in the midst of a major backlog of products including its multi-billion dollar f-fighter jets. "data-reactid =" 40 "> United Technologies, which raised the forecasts several times over the past year and recently announced a merger with Raytheon, said it expects adjusted earnings to come between $ 7.90 and $ 8.05 per share for the year, raising the low end of the guide by 10 cents. Lockheed Martin said it expects full-year EPS to come between $ 20.85 and $ 21.15 per share, up from $ 20.05 to the $ 20.35 area it led toward earlier, in the midst of a major backlog of products including its multi-billion dollar F-35 fighters. 19659017] History continues