US Stocks Rise After Companies Deliver Strong Profits and Oil Prices Retreat
- U.S. stocks rose Tuesday after companies including Equifax and Hasbro reported strong profits, while oil prices declined.
- The S&P 500 gained 0.4%, the Dow rose 1%, and the Nasdaq increased 0.2% by late morning.
- Equifax shares climbed 11.6% after the company reported higher-than-expected summer profits despite high mortgage rates.
- Hasbro rose 6.1% after reporting that “Magic: The Gathering” generated more than $600 million in quarterly revenue; Brent crude fell 1% to $108.43.
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The Korea Times
US stocks rise after companies deliver strong profits and oil prices retreat
NEW YORK — The U.S. stock market is rising Tuesday following strong profit reports for Equifax, Hasbro and other companies, while oil prices ease back after nearing their highest levels since the war with Iran began. The S&P 500 added 0.4 percent. The Dow Jones Industrial Average was up 518 points, or 1 percent, as of 11:45 a.m. Eastern time, while more swings for the artificial-intelligence industry had the Nasdaq composite up a more modest 0.2…
Wall Street rebounds from lows as upbeat earnings, falling oil prices lift sentiment; Micron, Intel up 2%
US stocks recovered from early losses as strong corporate earnings and falling oil prices offset concerns about AI-related shares. Major indexes rose, while chip stocks posted modest gains. Investors are watching upcoming company results for signs that heavy AI investment is sustainable.
U.S. stocks rise after oil prices retreat and companies deliver strong profits
NEW YORK — The U.S. stock market is rising Tuesday following reports showing strong profits for Equifax, Hasbro and other companies during the summer, while oil prices eased back after nearing their highest levels since the war with Iran began.
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