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Dow Jones gains as consumer giants lead rally on strong quarterly earnings
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Dow Jones climbed after strong results from P&G and McDonald’s lifted investor sentiment, reaffirming consumer sector resilience despite economic uncertainty.
US equity markets advanced on Tuesday, with the Dow Jones Industrial Average rising as Procter & Gamble and McDonald’s reported upbeat third-quarter results. P&G’s shares climbed 2.29% following robust sales in premium hygiene products, while McDonald’s gained 2.17% on sustained footfall growth. Analysts said resilient consumer spending continues to underpin the broader market’s momentum despite inflation concerns. The upbeat earnings helped offset volatility in tech valuations, signaling renewed confidence among investors ahead of the next Federal Reserve update.