Stocks climb on Wall Street as more company earnings roll in

Friday, July 16, 2021, Vol. 45, No. 29
The Associated Press

Stocks closed higher again on Wall Street, extending their gains following a sharp drop at the beginning of the week.

Investors turned their attention to company earnings, which have started to roll in steadily.

The S&P 500 rose 0.8%. Small-company stocks outpaced the rest of the market again, rising 1.8%.

Coca-Cola rose 1.3% after the company raised its full-year forecast and reported better-than-expected results.

Chipotle Mexican Grill jumped 11.5% after the company also reported much better than expected results after the closing bell Tuesday.

The yield on the 10-year Treasury rose to 1.29%, but it's still below where it was last week.