What You Missed On Wall Street On Tuesday
Stocks moved higher, with the Nasdaq the leader, after softer inflation data shut the door on a Fed rate hike this month. Both headline and core inflation rates declined, easing the impact of another rally in energy prices after the U.S. and Iran maintained strikes against each other. Attention was also focused on the first wave of second quarter earnings from major U.S. banks. Meanwhile, IBM was under pressure after issuing a softer-than-expected revenue outlook, weighing on software and enterprise technology stocks. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: IBM (IBM) offered a downbeat outlook for Q2 earnings but guided for 5% software revenue HCA Healthcare (HCA) provided an upbeat earnings outlook for Q2 but lowered its earnings guidance for FY26 Goldman Sachs (GS) reported sharply better-than-expected Q2 results as investment banking fees grew 55% year-over-year in the quarter JPMorgan (JPM) reported upbeat Q2 earnings and revenue, with the company saying it expects AI to produce "huge efficiencies" across the bank Additionally, Wells Fargo (WFC) and Citi (C) both reported better-than-expected Q2 results 2..
Stocks moved higher, with the Nasdaq the leader, after softer inflation data shut the door on a Fed rate hike this month.
Both headline and core inflation rates declined, easing the impact of another rally in energy prices after the U.S. and Iran maintained strikes against each other.
Attention was also focused on the first wave of second quarter earnings from major U.S. banks.
Meanwhile, IBM was under pressure after issuing a softer-than-expected revenue outlook, weighing on software and enterprise technology stocks.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1.
STOCK NEWS: IBM (IBM) offered a downbeat outlook for Q2 earnings but guided for 5% software revenue HCA Healthcare (HCA) provided an upbeat earnings outlook for Q2 but lowered its earnings guidance for FY26 Goldman Sachs (GS) reported sharply better-than-expected Q2 results as investment banking fees grew 55% year-over-year in the quarter JPMorgan (JPM) reported upbeat Q2 earnings and revenue, with the company saying it expects AI to produce "huge efficiencies" across the bank Additionally, Wells Fargo (WFC) and Citi (C) both reported better-than-expected Q2 results 2..