US equities are sharply surging on Tuesday as investors digest another batch of corporate results and earnings. The S&P 500 index gained 2.5%, while the Dow Jones Industrial Average jumped 675 points, or roughly 2.2%. The tech-heavy Nasdaq Composite climbed 2.8%.
Johnson & Johnson reported earnings for the period that beat analysts\u2019 estimates but cut its full-year sales and profit outlook, pointing to the impact of a stronger US dollar. Shares were little changed on Tuesday.
Meanwhile, IBM (IBM) stock tumbled 6.6% despite earnings beat after the software giant trimmed its forecasts for free cash flow this year, citing currency headwinds and loss of business in Russia.
Of the 35 S&P 500 companies (comprising 10% of the index) that reported second quarter results as of July 15, 43% of companies beat on sales and earnings per share \u2013 weaker than the historical post-week 1 average of 47% and the weakest share since the first quarter of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"
US equities are sharply surging on Tuesday as investors digest another batch of corporate results and earnings. The S&P 500 index gained 2.5%, while the Dow Jones Industrial Average jumped 675 points, or roughly 2.2%. The tech-heavy Nasdaq Composite climbed 2.8%.Johnson & Johnson reported earnings for the period that beat analysts\u2019 estimates but cut its …<\/p>\n","protected":false},"author":13,"featured_media":31017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6902,7113,9833,7855,7825,6901,516],"class_list":["post-68713","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-dow-jones","tag-earnings","tag-financial-results","tag-ibm","tag-johnson-johnson","tag-nasdaq","tag-sp-500"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68713"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68713\/revisions"}],"predecessor-version":[{"id":68718,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68713\/revisions\/68718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31017"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}