Dow rises 670 points on strong Coca-Cola, Sherwin-Williams earnings

The Dow Jones Industrial Average surged 670 points on July 28, 2026, to a new high for the year, propelled by robust quarterly earnings from Coca-Cola and Sherwin-Williams.

Coca-Cola and Sherwin-Williams shares rallied after both companies reported second-quarter results that exceeded expectations. Coca-Cola cited strong global demand for its beverages, while Sherwin-Williams benefited from robust paint and coatings sales. The two defensive names, though showing very different chart patterns, powered the Dow’s advance.

The Nasdaq composite erased early losses to finish higher, overcoming a pullback in semiconductor stocks. The chip selloff was attributed to profit-taking following the sector’s earlier strength. The S&P 500 also gained.

Crude oil prices fell sharply, providing a further boost by alleviating inflation concerns and lowering input-cost forecasts for many businesses.

Analysts viewed the ability of the S&P 500 and Nasdaq 100 to recover from early declines as a sign of market resilience, though they warned that trade and geopolitical uncertainties could sustain volatility.

Further corporate earnings and economic data will be closely scrutinized for signals on the market’s direction.