Here Are 3 Hot Things to Know About Stocks Right Now
- Stocks ended higher Tuesday , with positive earnings reports pushing the S&P 500 and the Nasdaq to record closing highs.
- Coca-Cola (KO - Get Report) posted stronger-than-expected first-quarter earnings as organic sales growth and operating margins showed solid improvements from last year.
- United Technologies (UTX - Get Report) climbed after posting first-quarter earnings and sales that topped analysts' forecasts and lifting profit guidance for 2019.
Wall Street Overview
Ren said the impact of rising oil prices has been muted so far. He noted that the energy sector is a small part of the equity market now and is more important to the high yield market.
"Nobody expects that the oil price will stay at the current level for long," he said.