Stocks climbed on Tuesday as traders pored over a solid batch of corporate earnings and looked for more clues on further U.S. fiscal stimulus. The Dow Jones Industrial Average traded 328 points higher, or 1.2 percent. Dow-member IBM gained by 2.6 percent after the company reported better-than-expected second-quarter earnings. Notably, IBM improved gross margins in three of its five units in the past quarter. Coca-Cola — another Dow component — said its profit fell by 33 percent in the second quarter, but the company expressed optimism on demand as lockdown measures associated with the coronavirus were lifted.

Source: The Standard July 21, 2020 14:20 UTC