Live Markets: Another stab at green: Tech pushes US stock indexes higher
LIVE MARKETS-Another stab at green: Tech pushes US stock indexes higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
ANOTHER STAB AT GREEN: TECH PUSHES US STOCK INDEXES HIGHER
Wall Street is taking another stab at a rally on Tuesday, hoping this time it will stick instead of sinking into the red by the closing bell (looking at you, Monday).
A solid tech .SPLRCT rebound, led by a more than 3% jump in chip stocks .SOX, is putting the Nasdaq .IXIC on top, while the S&P 500 .SPX and the Dow's .DJI gains are more modest.
Energy .SPNY is another major S&P sector showing gains, aided by a 2.5% rise in crude prices after the U.S. and Iran ramped up their airstrikes against each other, stoking fears that the conflict is spreading and escalating.
Underperformers include housing .HGX, homebuilding .SPCOMHOME, retail .SPXRT and consumer staples .SPLRCS.
Second-quarter earnings season has hit full stride, with a slew of industrials stepping up to the plate.
Companies that reported this morning include Hasbro HAS.O, GM GM.N and 3M MMM.N, all of which beat earnings estimates and hiked their full-year forecasts. Their shares were up between 4.8% and 12.6%.
Here's where things stood at 9:54 a.m. ET:
(Stephen Culp)
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EARLIER ON LIVE MARKETS:
TECH VS. BANKS: A TALE OF TWO TRENDLINES CLICK HERE
HALF-TIME IN EUROPE: HOLDING ON CLICK HERE
A HIGH BAR FOR THE SECOND HALF OF THE YEAR CLICK HERE
ROOM TO KEEP RISING CLICK HERE
STOXX PUSHING HIGHER CLICK HERE
EUROPE BEFORE THE BELL: A MIXED BAG CLICK HERE
OIL TRUMPS AI CLICK HERE
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