Stocks rose on Tuesday as investors cheered strong quarterly numbers from companies like Coca-Cola and United Technologies.
The Dow Jones Industrial Average climbed 84 points, or 0.3%. The S&P 500 and Nasdaq Composite also advanced 0.3% each.
Cardillo pointed out the S&P 500 is within striking distance of the key 3,000 level, adding that support around that level “could set the stage for a rally that could take the index above 3,100.”
Coca-Cola shares jumped more than 4% after the company posted earnings and revenue that topped analyst expectations. Coca-Cola pointed to a 4% rise in volume and transactions during the previous quarter in Coke’s namesake brand. Volume from its Zero Sugar line also grew by double digits.