Shares of retailers and other consumer companies rose after strong earnings suggested price increases are not slowing sales.
Coca-Cola shares hit new all-time highs after the soda-maker raised its outlook for the year, as rising Covid-19 vaccination rates and the reopening of restaurants, stadiums and movie theaters boost sales of soft drinks around the globe.
Chipotle Mexican Grill shares rallied after the casual-dining burrito chain posted better-than-anticipated earnings and said it could raise prices further to account for higher ingredient costs and labor-market tightness.
Shares of airlines rose after United Airlines posted earnings ahead of Wall Street estimates.
MGM Resorts International formally proposed building a $9 billion casino resort in Osaka, reinvigorating its push to open Japan's first casino gambling facility after pandemic-related delays.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-21-21 1714ET
