U.S. stocks set more all-time highs, while European equities approached records, as corporate earnings helped boost sentiment amid lingering concerns about inflation and growth.The S&P 500 and Dow Jones Industrial Average hit intraday records as Tuesday’s round of earnings kicked off, with United Parcel Service Inc. and General Electric Co. gaining after strong results. Facebook Inc. dropped as a pledge to buy back more shares and increase spending on digital offerings was offset by a revenue miss. Big-tech peers Twitter Inc., Alphabet Inc. and Microsoft Inc. are reporting after the market close on Tuesday.“The outlook is getting healthier,” Esty Dwek, chief investment officer at FlowBank, said on Bloomberg TV. “Growth has mostly been delayed, not derailed, whether it was the delta variant, some of these supply chains, on-and-off mandates around vaccines and closures, depending on where you are in the world.”
Load More
Load More