Dow climbs 0.70% as CocaCola jumps about 6% after Q2 beat
US equities opened mixed: the Dow rose ~0.7% (up 350+ points) while Nasdaq and S&P 500 edged lower, signaling rotation rather than broad risk-on. Coca-Cola's earnings and higher FY26 EPS guidance lifted consumer staples (+3.1%), supporting the Dow. Commodities weakened (oil -2.2%, gold -1.2%), and global equities were mixed, reinforcing a cross-asset tone of selective strength and defensiveness.
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CocaCola reported 2024 second-quarter earnings of 97 cents per share, topping expectations of 93 cents. Revenue came in at $13.400 billion, above the $13.162 billion estimate. The company also raised its FY26 earnings-per-share guidance. The Dow Jones Industrial Average rose 0.70% to 52,573.32, with consumer staples up 3.1% helping lift the index.