US stock indices head toward record highs
European oil and gas shares jumped 2%, with BP and Royal Dutch Shell leading gains in London, while the FTSEurofirst 300 Index of leading European shares hit eight-month highs
New York — Global equity markets rallied on Tuesday as the US Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged. Wall Street soared on upbeat results from Coca-Cola, Twitter, United Technologies and Lockheed Martin, which eased fears of a profit recession in a busy week for US corporate earnings. European shares rebounded from early weakness, pushing the Stoxx 600 index to eight-month highs at the close. The energy-heavy FTSE 100 in London led regional gains, up 0.85% at a more than six-month high. European oil and gas shares jumped 2%, with BP and Royal Dutch Shell leading gains in London, while the FTSEurofirst 300 Index of leading European shares hit eight-month highs. The S&P and Nasdaq indexes breached their record closing highs during the session. The benchmark S&P 500 has surged about 17% this year, helped by a largely upbeat earnings season, hopes of a US-China trade...
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