The Coca-Cola CompanyCoca-Cola posted its fifth straight earnings beat and raised full-year guidance, leading to a 4% gain.
Boeing surged 6% and Coca-Cola jumped 4% on Tuesday, powering the Dow Jones Industrial Average while the NASDAQ 100 slipped 0.48% as investors rotated out of AI-heavy growth names. Boeing shares rose to $223.18 after the company reported adjusted free cash flow of $631 million, far exceeding the expected outflow of about $331 million, despite a wider adjusted loss of $0.76 per share tied to a $280 million charge on the Air Force One VC-25B program. Coca-Cola shares climbed to $87.72, on pace for their best day since February 2009, after the company posted its fifth straight earnings beat with adjusted EPS of $0.97 versus a $0.9323 consensus and raised full-year guidance to 5% organic revenue growth and 9% to 10% comparable EPS growth. The SPDR Dow Jones Industrial Average ETF gained 1.3%, with other Dow components including McDonald's, Verizon Communications, Procter & Gamble, and Johnson & Johnson also trading higher, while the S&P 500 added 0.49% and the NASDAQ 100 fell 0.48%.
The Coca-Cola CompanyCoca-Cola posted its fifth straight earnings beat and raised full-year guidance, leading to a 4% gain.
Coca-Cola Europacific Partners PLC
Procter & Gamble Company
The Boeing CompanyBoeing reported adjusted free cash flow of $631 million, far exceeding expectations, driving a 6% surge.
Johnson & Johnson
McDonald’s Corporation
Verizon Communications Inc