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Wall Street rises on upbeat earnings, recovery optimism; Dow up 260 pts

Coca-Cola Co rose 1.9% after boosting its full-year sales forecast, while Verizon Communications Inc added 1.1% after it beat estimates for quarterly results

New York Stock Exchange, NYSE
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Reuters
Wall Street's main indexes rose on Wednesday as upbeat quarterly results from companies including Verizon and Coca-Cola reignited optimism about the health of corporate America.

Coca-Cola Co rose 1.9% after boosting its full-year sales forecast, while Verizon Communications Inc added 1.1% after it beat estimates for quarterly results.

"Everybody knows this is going to be the biggest year-over-year growth rate for earnings in the second quarter," said Tom Martin, senior portfolio manager at GLOBALT Investments.

Wall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak, as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.

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