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The Detail in IBM’s Earnings Warning That Caused The Stock’s Worst Day Ever
Barrons.com23d agoneutral
The Detail in IBM’s Earnings Warning That Caused The Stock’s Worst Day Ever

IBM stock suffered its worst day ever on Tuesday after the company’s preliminary second-quarter earnings missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.

Cooling Inflation, Surging Bank Earnings Power Stocks
The Wall Street Journal23d agoneutral
Cooling Inflation, Surging Bank Earnings Power Stocks

A hectic day in markets lifted stocks Tuesday, thanks to booming bank profits and an unexpectedly upbeat inflation report. All major U.S. indexes ended the day in the green, despite a historic fall from grace for one member of the Dow industrials. The Dow industrials edged less than 0.1% higher, weighed down by tumbling shares of International Business Machines.

Most Stocks in the S&P 500 Are Actually Trading Lower
Barrons.com23d agoneutral
Most Stocks in the S&P 500 Are Actually Trading Lower

Today’s S&P 500 gains wouldn’t suggest it, but most of the index’s components are actually in the red. The S&P 500 is up 0.4% while the Equal Weight S&P 500 is moving in the other direction, down 0.3%. Nearly two-thirds of names in the S&P 500 were down despite session gains, signaling that stocks on the rise are doing the heavy lifting, offsetting the larger group of laggards and then some.

MT Newswires23d agoneutral
Sector Update: Energy

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index easing 0.1% and the St