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Stock market news live updates: Stocks soar as investors parse another round of earnings
Yahoo Finance
Stock market news live updates: Stocks soar as investors parse another round of earnings
Alexandra Semenova · Reporter
Tue, July 19, 2022 at 4:03 PM
U.S. stocks rose sharply in a turnaround rally Tuesday that helped lift all three major indexes more than 5% from their lows in June.
The benchmark S&P 500 index gained 2.8%, while the Dow Jones Industrial Average jumped 750 points, or roughly 2.4%. The tech-heavy Nasdaq Composite surged 3.1%
{snip}
Meanwhile, IBM (IBM) stock tumbled 5.3% despite an earnings beat after the software giant trimmed its forecasts for free cash flow this year, citing currency headwinds and loss of business in Russia.
{snip}
Stock market news live updates: Stocks soar as investors parse another round of earnings
Alexandra Semenova · Reporter
Tue, July 19, 2022 at 4:03 PM
U.S. stocks rose sharply in a turnaround rally Tuesday that helped lift all three major indexes more than 5% from their lows in June.
The benchmark S&P 500 index gained 2.8%, while the Dow Jones Industrial Average jumped 750 points, or roughly 2.4%. The tech-heavy Nasdaq Composite surged 3.1%
{snip}
Meanwhile, IBM (IBM) stock tumbled 5.3% despite an earnings beat after the software giant trimmed its forecasts for free cash flow this year, citing currency headwinds and loss of business in Russia.
{snip}