Coca-Cola Disappoints, Johnson & Johnson Beats Expectations: Market Recap
U.S. stocks fell Tuesday upon disappointing earnings from Coca-Cola Co. (NYSE:KO), breaking the S&P 500′s eight-day winning streak. Investors are being cautious, as Federal Reserve Chairman Ben Bernanke will give his testimony on the state of stimulus to Congress tomorrow. Comments from Bernanke helped spur the rise in stocks last week after he said he believed stimulus needed to continue.
Gold: +0.62% to $1,291.40 an ounce; Oil: -0.55% to $105.73 per barrel; U.S. 10-Year: -0.94 to 2.532%