US stocks trade higher, Dow up 1% on Tuesday. Boeing gains 5% after reporting Q2 results. Kiniksa Pharma, OPKO Health, Itron, up over 20%.
Boeing shares +5% on Q2 revenue beat ($24.56B, +8% YoY) despite loss widening to 76¢/share vs 30¢ estimate. Oil down 5.4% and tech weakness (-2.5%) signal demand caution; IT leaders should review Q3-Q4 capex plans with macro headwinds.
U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining more than 1% on Tuesday.
The Dow traded up 1.25% to 52,860.91 while the NASDAQ slipped 0.01% to 24,928.70. The S&P 500 also rose, gaining, 0.34% to 7,438.49.
Leading and Lagging Sectors
Consumer staples shares jumped by 3.6% on Tuesday.
In trading on Tuesday, information technology stocks fell by 2.5%.
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