Dow Drops Over 100 Points; Coca-Cola Tops Q2 Views
U.S. stocks traded lower this morning, with the Dow Jones dropping more than 100 points on Tuesday. Following the market opening Tuesday, the Dow traded down 0.35% to 31,876.91 while the NASDAQ fell 0.96% to 11,670.08. The SP also fell, dropping, 0.58% to 3,943.94. Also check this: Bitcoin Drops Further To This Level, Here Are Other Crypto Movers That Should Be On Your Radar Leading and Lagging Sectors Real estate shares rose 0.6% on Tuesday. Meanwhile, top gainers in the sector included KE Holdings Inc. (NYSE: BEKE ), up 2% and Alexandria Real Estate Equities, Inc. (NYSE: ARE ) up 3%. In trading on Tuesday, consumer discretionary shares fell 2.1%. Top Headline The Coca-Cola Company (NYSE: KO ) reported better-than-expected earnings for its second quarter. The company reported second-quarter FY22 sales growth of 12% year-on-year, to $11.30 billion, beating the analyst consensus estimate of $10.54 billion. Adjusted EPS of $0.70 beat the analyst consensus of $0.67. Coca-Cola sees FY22 organic revenue growth of 12% - 13% and comparable EPS growth of 5% - 6%.
Dow Drops Over 100 Points; Coca-Cola Tops Q2 Views
U.S. stocks traded lower this morning, with the Dow Jones dropping more than 100 points on Tuesday. Following the market opening Tuesday, the Dow traded down 0.35% to 31,876.91 while the NASDAQ fell 0.96% to 11,670.08. The SP also fell, dropping, 0.58% to 3,943.94. Also check this: Bitcoin Drops Further To This Level, Here Are Other Crypto Movers That Should Be On Your Radar Leading and Lagging Sectors Real estate shares rose 0.6% on Tuesday. Meanwhile, top gainers in the sector included KE Holdings Inc. (NYSE: BEKE ), up 2% and Alexandria Real Estate Equities, Inc. (NYSE: ARE ) up 3%. In trading on Tuesday, consumer discretionary shares fell 2.1%. Top Headline The Coca-Cola Company (NYSE: KO ) reported better-than-expected earnings for its second quarter. The company reported second-quarter FY22 sales growth of 12% year-on-year, to $11.30 billion, beating the analyst consensus estimate of $10.54 billion. Adjusted EPS of $0.70 beat the analyst consensus of $0.67. Coca-Cola sees FY22 organic revenue growth of 12% - 13% and comparable EPS growth of 5% - 6%.