(Sharecast News) - Major indices were in the green early on Tuesday as investors looked past the latest developments in the Iran conflict and shifted focus back to a busy slate of corporate earnings.
As of 1445 BST, the Dow Jones Industrial Average was up 0.45% at 52.075.08, while the S&P 500 advanced 0.48% to 7,478.75, and the Nasdaq Composite came out of the gate 0.80% firmer at 25,712.35.
Tuesday's early moves followed a downbeat session on Monday, when the Dow closed 307.16 points lower, with traders weighing fresh escalations in the US-Iran conflict. US Central Command carried out its tenth straight night of strikes after Donald Trump declared the ceasefire "over", while Iranian forces targeted US military assets across the Middle East and Houthi allies announced a maritime embargo on Saudi Arabia.
Oil prices head north despite reports of a renewed diplomatic push, with mediators said to be proposing a tenday ceasefire. West Texas Intermediate was last up 2.49% at $85.30 a barrel, while international benchmark Brent crude added 2.2% to $91.18.
In terms of earnings, 3M traded higher after delivering strongerthanexpected secondquarter earnings, while General Motors advanced after beating estimates on the bottom line, DR Horton posted strongerthanexpected thirdquarter earnings, delivering, with revenue coming in slightly ahead of consensus at $9.2bn, and Northrop Grumman also beat expectations in its Q2, reporting earnings per share of $7.68 versus $6.82 pencilled in by analysts.
Halliburton said secondquarter revenues rose 3.7% yearonyear to $5.7bn, while net income increased 12% to $538m and diluted EPS climbed 16.4% to $0.64. Halliburton's completion and production division posted revenues of $3.2bn, up 1% yearonyear, while drilling and evaluation revenues grew 7.4% to $2.5bn.
Still to come, Chubb and Capital One were both slated to report earnings after the close.
Elsewhere in the corporate news, a US federal judge put a temporary halt on the proposed $110bn merger between Paramount Skydance and Warner Bros Discovery, issuing a 14day restraining order that prevents the companies from closing the deal or beginning integration. The move follows a lawsuit filed by 12 US states, including California and New York, arguing the tieup would weaken competition and ultimately raise costs for consumers.mProsecutors said combining two major studios risked "substantial harm" to cinemacable distributors and audiences nationwide.
No major data points were scheduled for releason Tuesday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Intel Corp. (INTC) $97.06 7.13%
Salesforce.Com Inc. (CRM) $173.79 1.77%
Dow Chemical Co. (DOW) $30.37 1.50%
Microsoft Corp. (MSFT) $402.29 1.34%
Chevron Corp. (CVX) $189.71 1.24%
Cisco Systems Inc. (CSCO) $110.70 0.71%
Coca-Cola Co. (KO) $82.12 0.69%
Visa Inc. (V) $360.57 0.56%
International Business Machines Corporation (CDI) (IBM) $213.00 0.16%
Walmart Inc. (WMT) $0.00 0.00%
Dow Jones - Fallers
Merck & Co. Inc. (MRK) $124.40 -2.43%
Amgen Inc. (AMGN) $364.17 -2.40%
Apple Inc. (AAPL) $326.59 -2.22%
Boeing Co. (BA) $209.48 -2.13%
Caterpillar Inc. (CAT) $864.30 -1.82%
Home Depot Inc. (HD) $333.04 -1.72%
Johnson & Johnson (JNJ) $248.82 -1.67%
Walt Disney Co. (DIS) $96.41 -1.27%
Unitedhealth Group Inc. (UNH) $421.55 -1.07%
American Express Co. (AXP) $351.93 -0.96%
S&P 500 - Risers
Seagate Technology Plc (STX) $802.45 11.66%
Western Digital Corp. (WDC) $487.42 10.96%
Advanced Micro Devices Inc. (AMD) $503.57 7.44%
Intel Corp. (INTC) $97.06 7.13%
Micron Technology Inc. (MU) $865.46 6.56%
Akamai Technologies Inc. (AKAM) $123.13 5.86%
Global Payments Inc. (GPN) $82.37 5.85%
Broadcom Inc. (AVGO) $378.16 4.72%
Harley-Davidson Inc. (HOG) $27.82 4.67%
Skyworks Solutions Inc. (SWKS) $59.80 3.60%
S&P 500 - Fallers
Coterra Energy Inc. (CTRA) $32.56 -8.62%
Biogen Inc (BIIB) $199.95 -6.52%
Tractor Supply Company (TSCO) $30.30 -4.51%
LKQ Corporation (LKQ) $25.04 -4.50%
Monster Beverage Corp (MNST) $95.45 -4.47%
Dollar Tree Inc (DLTR) $126.38 -4.08%
Oracle Corp. (ORCL) $121.38 -4.03%
Mondelez International Inc. (MDLZ) $60.27 -4.03%
Fastenal Co. (FAST) $44.76 -4.01%
Kraft Heinz Co. (KHC) $25.86 -3.99%
Nasdaq 100 - Risers
Seagate Technology Plc (STX) $802.45 11.66%
Western Digital Corp. (WDC) $487.42 10.96%
Intel Corp. (INTC) $97.06 7.13%
Micron Technology Inc. (MU) $865.46 6.56%
Broadcom Inc. (AVGO) $378.16 4.72%
JD.com, Inc. (JD) $30.60 3.68%
Skyworks Solutions Inc. (SWKS) $59.80 3.60%
eBay Inc. (EBAY) $114.19 2.77%
NetEase Inc. Ads (NTES) $134.20 2.73%
QUALCOMM Inc. (QCOM) $170.32 2.65%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $0.34 -13.49%
Biogen Inc (BIIB) $199.95 -6.52%
Monster Beverage Corp (MNST) $95.45 -4.47%
Dollar Tree Inc (DLTR) $126.38 -4.08%
Mondelez International Inc. (MDLZ) $60.27 -4.03%
Fastenal Co. (FAST) $44.76 -4.01%
Kraft Heinz Co. (KHC) $25.86 -3.99%
Vodafone Group Plc ADS (VOD) $15.40 -3.99%
Charter Communications Inc. (CHTR) $129.16 -3.86%
Liberty Global plc Series C (LBTYK) $9.99 -3.71%
61.15 (0.58%)
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