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65 stories mentioning KOUpdated 1d ago

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Wire

Coca-Cola Seeing Broad-Based Top-Line Strength Across Geographies, RBC Says

Coca-Cola (KO) is seeing broad-based top-line strength across geographies, witnessing growth across all operating units and nearly all beverage categories in Q2, RBC Capital Markets said in a Wednesday research note.Top contributors to the company's Q2 performance were India, China, the US, and Brazil, with EMEA gaining share across every operating unit, and Latin America delivering balanced top-line growth with share gains in Brazil and Mexico, RBC said.While the FIFA World Cup campaign represented Coca-Cola's most scaled and integrated global marketing activation to date, aiding in the company's Q2 volume performance, management has emphasized that the quarterly results reflected capabilities that were already in place, RBC noted.RBC raised its fiscal 2026 estimates for organic sales growth and earnings per share to 5% and $3.30, from 4.3% and $3.26, previously. For fiscal 2027, RBC now expects organic sales growth and EPS of 4.9% and $3.52 from 4.8% and $3.46 previously.RBC lifted its price target on the company's stock to $96 from $87 and reiterated its outperform rating.Price: $89.75, Change: $+1.48, Percent Change: +1.68%

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Insider Trading

Coca Cola Insider Sold Shares Worth $6,788,624, According to a Recent SEC Filing

Bruno Pietracci, President of Latin America Operating Unit, on July 28, 2026, sold 75,727 shares in Coca Cola (KO) for $6,788,624. Following the Form 4 filing with the SEC, Pietracci has control over a total of 44,608 common shares of the company, with 44,608 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/21344/000002134426000154/xslF345X05/form4.xmlPrice: $90.27, Change: $+2.00, Percent Change: +2.27%

$KO
Wire

Rothschild & Co Redburn Adjusts Coca-Cola Price Target to $92 From $86, Maintains Buy Rating

Coca-Cola (KO) has an average rating of overweight and mean price target of $94.48, according to analysts polled by FactSet.Price: $90.76, Change: $+2.49, Percent Change: +2.82%

$KO
Wire

BofA Securities Raises Price Target on Coca-Cola to $100 From $95, Maintains Buy Rating

Coca-Cola (KO) has an average rating of overweight and mean price target of $94.48, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $90.37, Change: $+2.10, Percent Change: +2.38%

$KO
Update: Dow Extends Advance Following Strong Earnings Reports
US Markets

Update: Dow Extends Advance Following Strong Earnings Reports

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average rose for a third straight session on Tuesday, supported by upbeat earnings reports, a day before the Federal Reserve announces its interest rate decision.The Dow ended the session 1% higher at 52,747.32, while the S&P 500 added 0.2% to 7,428.78. The Nasdaq Composite fell 0.2% to 24,876.91, its fifth consecutive day in the red. Most sectors were in the green, led by health care, while energy saw the sharpest drop.Sherwin-Williams (SHW) jumped 8.3%, the best performer on the Dow and the third-top gainer on the S&P 500, after the paint and coating manufacturer reported stronger-than-expected second-quarter results and raised its full-year outlook.Coca-Cola (KO) and Boeing (BA) were also among the biggest gainers on the Dow, advancing by 5% and 4.8%, respectively.The beverage giant raised its full-year earnings growth outlook as it reported stronger-than-expected second-quarter results. The planemaker's second-quarter loss exceeded Wall Street's estimates, while its free cash flow turned positive.Chip stocks were among notable laggards, with Sandisk (SNDK) down 14%, the worst performer on the S&P 500. Micron Technology (MU) shed 8.9%, Advanced Micro Devices (AMD) declined 8.2% and Intel (INTC) was off by 5.9%.The Federal Open Market Committee's meeting began Tuesday, with a decision due Wednesday. The probability of the central bank leaving its benchmark lending rate unchanged was at about 69%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.With markets expecting no change to the Fed's monetary policy settings, the focus will be on the path forward for interest rates.Last month's bout of disinflation "only further complicates expectations for future inflation and the outlook for rates," Stifel said in a report Tuesday."The doves are optimistic that inflation could cool further into year-end as the impact of tariffs rolls off and energy prices stabilize," the brokerage said. "The recent rise in tensions overseas, however, coupled with (artificial intelligence)-sector price pressures suggest further upside inflationary risks remain, shifting the pendulum back into the hawk's camp."West Texas Intermediate crude oil declined 4.4% to $78.99 a barrel in Tuesday late-afternoon trade, while Brent dropped 5.2% to $83.73."The oil market continues to sell off heavily, with the US and Iran continuing to hold off on further strikes," ING said.President Donald Trump said Monday that there was "a good chance" of a deal with Iran as talks continued, Reuters reported.Treasury yields were lower, with the two-year rate down 4.6 basis points at 4.28% and the 10-year rate falling 4.1 basis points to 4.6%.In economic news, US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed.Gold fell 1.3% to $4,023.90 per troy ounce, while silver lost 2.3% to $57.35 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$BA$INTC$KO$MU$SHW$SNDK
Sectors

Sector Update: Consumer Stocks Higher Late Afternoon

Consumer stocks gained late Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.2%.Redbook US same-store sales last week rose 8.3% from a year earlier after a 7.8% increase in the previous week. Redbook said retailers have been clearing summer stock to bring in back-to-school items.US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed. The consumer confidence index dropped to 90.8 from June's upwardly revised 92.2. The consensus was for 92.4 in a Bloomberg survey.In corporate news, Coca-Cola (KO) shares rose 4.5%. The company raised its full-year earnings growth outlook after reporting stronger-than-expected fiscal Q2 results.BuzzFeed (BZFD) shares jumped 8.8% after its board approved a plan to cut about 35% of its workforce and dedicated contractors to lower costs.Sherwin-Williams (SHW) shares climbed 8.4% after the paint manufacturer reported stronger-than-expected Q2 results and raised its full-year outlook.United Parcel Service (UPS) lifted its full-year revenue outlook after delivering Q2 results above consensus estimates. The company expects Q3 domestic revenue to be flat as operations with Amazon (AMZN) shrink. UPS shares fell 6.2%.

$BZFD$KO$SHW$UPS
Wire

Evercore ISI Raises Coca-Cola Price Target to $100 From $88, Outperform Rating Kept

Coca-Cola (KO) has an average rating of overweight and mean price target of $89.24, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $87.85, Change: $+3.78, Percent Change: +4.50%

$KO
Update: Equities Mostly Rise Intraday as Fed Meeting Begins
US Markets

Update: Equities Mostly Rise Intraday as Fed Meeting Begins

(Updates with latest market prices and developments.)US benchmark equity indexes were mostly higher intraday as traders tracked fresh earnings reports, while the Federal Reserve kicked off its two-day monetary policy meeting.The Dow Jones Industrial Average was up 1.2% at 52,850.8 after midday Tuesday, while the S&P 500 rose 0.4% to 7,438.8. The Nasdaq Composite was little changed at 24,937.7. Most sectors were in the green, led by health care, while energy saw the sharpest drop.Sherwin-Williams (SHW) jumped 8.7%, the best performer on the Dow and the S&P 500, after the paint and coating manufacturer reported stronger-than-expected second-quarter results and raised its full-year outlook.Boeing (BA) and Coca-Cola (KO) were also among the biggest gainers on the Dow.The planemaker's second-quarter loss exceeded Wall Street's estimates, while its free cash flow turned positive. The beverage giant raised its full-year earnings growth outlook as it reported stronger-than-expected second-quarter results.Chip stocks were among notable laggards intraday, with Sandisk (SNDK) down 14%, the second-worst performer on the S&P 500. Micron Technology (MU) shed 8.8%, Advanced Micro Devices (AMD) declined 7.2% and Intel (INTC) was off by 4.9%.The Federal Open Market Committee's meeting began Tuesday, with a decision due Wednesday. The probability of the central bank leaving its benchmark lending rate unchanged was at about 70%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.With markets expecting no change to the Fed's monetary policy settings, the focus will be on the path forward for interest rates.Last month's bout of disinflation "only further complicates expectations for future inflation and the outlook for rates," Stifel said in a report Tuesday."The doves are optimistic that inflation could cool further into year-end as the impact of tariffs rolls off and energy prices stabilize," the brokerage said. "The recent rise in tensions overseas, however, coupled with (artificial intelligence)-sector price pressures suggest further upside inflationary risks remain, shifting the pendulum back into the hawk's camp."West Texas Intermediate crude oil declined 4.8% to $78.64 a barrel intraday, while Brent dropped 5.4% to $83.60."The oil market continues to sell off heavily, with the US and Iran continuing to hold off on further strikes," ING said.President Donald Trump said Monday that there was "a good chance" of a deal with Iran as talks continued, Reuters reported.Treasury yields were lower intraday, with the two-year rate down 5.2 basis points at 4.27% and the 10-year rate falling 3.9 basis points to 4.6%.In economic news, US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed.Visa (V), NXP Semiconductors (NXPI) and automaker Ford (F), among others, are expected to release their earnings after market close.Gold fell 1% to $4,036.10 per troy ounce, while silver lost 2% to $57.55 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$BA$F$INTC$KO$MU$NXPI$SHW$SNDK$V
Sectors

Sector Update: Consumer Stocks Rise Tuesday Afternoon

Consumer stocks gained Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 2.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.3%.Redbook US same-store sales last week rose 8.3% from a year earlier after a 7.8% increase in the previous week. Redbook said retailers have been clearing summer stock to bring in back-to-school items.US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed. The consumer confidence index dropped to 90.8 from June's upwardly revised 92.2. The consensus was for 92.4 in a Bloomberg survey.In corporate news, Coca-Cola (KO) shares jumped 4.3%. The company raised its full-year earnings growth outlook after reporting stronger-than-expected fiscal Q2 results.United Parcel Service (UPS) lifted its full-year revenue outlook after delivering Q2 results above consensus estimates. The company expects Q3 domestic revenue to be flat as operations with Amazon (AMZN) shrink. UPS shares fell 5.9%.Lucid Group (LCID) shares surged 10% after Saudi Prince Alwaleed bin Talal Al Saud disclosed a 5% stake in the company, according to a Schedule 13G filing.

$KO$LCID$UPS
Sectors

Sector Update: Consumer

Consumer stocks were higher Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 2.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.3%.In corporate news, Coca-Cola (KO) shares jumped 4.5%. The company raised its full-year earnings growth outlook on Tuesday as it reported stronger-than-expected fiscal Q2 results.

$KO
Wire

Top Midday Stories: Corning Shares Fall on Tepid Q3 Sales Guidance; Coca-Cola Rases EPS, Revenue Outlook, Shares Rise

The Dow Jones Industrial Average and S&P 500 were up in late-morning trading Tuesday, while the Nasdaq Composite was roughly flat, as certain semiconductor stocks sold off.In company news, Corning (GLW) reported Q2 non-GAAP earnings Tuesday of $0.78 per diluted share, up from $0.60 a year earlier and above the FactSet consensus analyst estimate of $0.76. Second-quarter revenue was $4.74 billion, up from $4.05 billion a year ago and above the FactSet consensus of $4.63 billion. For Q3, Corning said it expects diluted EPS of $0.85 to $0.89, compared to the FactSet consensus of $0.85. The company said it expects Q3 sales of $4.9 billion to $5 billion, compared to the FactSet consensus of $5 billion. Corning shares were down 15.5% around midday.Coca-Cola (KO) reported fiscal Q2 comparable diluted EPS Tuesday of $0.97, up from $0.87 a year earlier and above the FactSet consensus of $0.93. Net Q2 operating revenue was $13.38 billion, up from $12.54 billion a year ago and above the FactSet consensus of $13.17 billion. For 2026, the company said it expects comparable EPS growth of 9% to 10%, up from its previous guidance of 8% to 9%, and it raised its organic growth revenue outlook to about 5% from 4% to 5%. Coca-Cola shares were up 6.0%.Boeing (BA) reported a Q2 core loss Tuesday of $0.76 per share, narrowing from a loss of $1.24 a year earlier but below the FactSet consensus of a loss of $0.28. Second-quarter revenue was $24.56 billion, up from $2.75 billion a year ago and above the FactSet consensus of $24.26 billion. The company said Q2 deliveries increased 14% to 171 planes. Boeing shares were up 4.0%.Visa (V) confirmed toearlier Tuesday reports that it will trim around 2,600 jobs, or about 7% of it workforce, as part of Chief Executive Ryan McInerney's plan to streamline operations. The cuts will mainly impact its technology and product teams. Visa shares were up 1.2%.Apple (AAPL) saw its market capitalization surpass $5 trillion for the first time on Tuesday morning, Bloomberg reported. Separately, the company is planning to launch a number of home products, including a hub device built around the new Siri AI assistant, Bloomberg reported Tuesday, citing people with knowledge of the matter. Apple is also preparing a new TV set-top box and updated HomePod mini, the people reportedly told Bloomberg. Lastly, Apple said Tuesday it has partnered with Klarna Group (KLAR) on a new program that will allow US customers to lease an iPhone for $17.99 per month. In addition to the iPhone, the program, called Apple Upgrade, is offering 12- and 24-month leasing options for Apple Watch, Mac and iPad for $11.99, $24.99 and $11.99 per month, respectively. Apple shares were up 0.8%.Meta Platforms (META) and BlackRock (BLK) have agreed to form a strategic venture to develop and own a 1-gigawatt data center campus in El Pas, Texas, Meta said Tuesday. Funds managed by BlackRock will own an 80% interest in the joint venture, with Meta holding the remaining 20%, the tech giant said. Meta shares were flat, while BlackRock shares were up 3.2%.China's Moonshot AI is seeking more Nvidia (NVDA) Blackwell chips, as it discusses plans for Kimi K4, its next model that will be larger than its recently released Kimi K3, The Information reported Tuesday, citing two people familiar with the matter. Nvidia shares were up 0.7%.Two of Amazon's (AMZN) data centers in Bahrain sustained damage following missile strikes last week that Iran claimed to carry out, Bloomberg reported Tuesday, citing satellite imagery. Amazon shares were down 0.4%.PayPal (PYPL) reported Q2 non-GAAP EPS Tuesday of $1.38, down from $1.40 a year earlier but above the FactSet consensus of $1.28. Net Q2 revenue was $8.68 billion, up from $8.29 billion a year ago and above the FactSet consensus of $8.47 billion. For Q3, the company said it expects to post a roughly low-single-digit decline in non-GAAP EPS from $1.34 a year earlier. Analysts polled by FactSet expect $1.33. For 2026, PayPal expects non-GAAP EPS of about $5.38, above the FactSet consensus of $5.31. Separately, the company said it will offer installment payments for up to 48 months for eligible Amazon customers in Germany and Austria starting in August. PayPal shares were up 3.9%.Price: $88.98, Change: $+4.91, Percent Change: +5.84%

$AMZN$BA$BLK$GLW$KO$META$NVDA$PYPL$V
Coca-Cola Lifts 2026 Earnings Outlook as Second-Quarter Results Top Views
US Markets

Coca-Cola Lifts 2026 Earnings Outlook as Second-Quarter Results Top Views

Coca-Cola (KO) raised its full-year earnings growth outlook on Tuesday as the beverages giant reported stronger-than-expected fiscal second-quarter results.The company now anticipates comparable earnings to rise by 9% to 10% for 2026, up from its prior projections for 8% to 9% growth. The consensus on FactSet is for non-GAAP EPS of $3.27, compared with $3 reported in 2025.Coca-Cola forecasts organic revenue to increase by roughly 5% for the ongoing year, at the high end of its previous guidance for a 4% to 5% rise.The stock rose 6.3% in Tuesday trade, and is up 28% so far this year."While the external environment remains uncertain, our strong first-half performance and business flexibility give us confidence in our updated outlook for the year," Chief Financial Officer John Murphy said during an earnings call, according to a FactSet transcript.Earlier in July, rival PepsiCo (PEP) reported fiscal second-quarter results above Wall Street's estimates, but it opted to reiterate its full-year outlook amid soft consumer spending in the US.For the three months through July 3, Coca-Cola's adjusted EPS jumped 11% year over year to $0.97, topping the Street's view for $0.93. Comparable revenue rose to $13.37 billion from $12.62 billion in the 2025 quarter, exceeding the average analyst estimate of $13.17 billion."The quarter benefited from several factors, including favorable weather in certain markets, strong global activation around the FIFA World Cup, and cycling an easier prior year comparison," Murphy told analysts.Last week, RBC Capital Markets expected Coca-Cola to report "strong" quarterly results amid robust North America trends.The maker of Sprite and Fanta recorded a 2% increase in consolidated price and mix for the second quarter, driven by pricing actions in the marketplace, it said.Concentrate sales, which reflect the quantity of concentrates, syrups, beverage bases, source waters and powders and minerals sold by the company, increased 4% from a year earlier. Consolidated unit case volume moved 5% higher, led by India, China, the US and Brazil."We see an uneven consumer environment," Chief Executive Henrique Braun said on the call. "The economy is strong in many places, yet many consumers face inflationary pressures, geopolitical uncertainty and economic challenges."Coca-Cola expects concentrate shipments to lag unit case volume by one percentage point in the third quarter, Murphy said on the call.Price: $87.25, Change: $+3.15, Percent Change: +3.74%

$KO
Sectors

Sector Update: Consumer Stocks Advance Premarket Tuesday

Consumer stocks were advancing premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 1.8% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.4%.Coca-Cola (KO) shares were up nearly 5% after the company reported higher fiscal Q2 comparable earnings and net operating revenue, and raised its 2026 outlook.Unilever (UL) stock was up 8% after the company posted a higher Q2 turnover, along with a 5.8% growth in underlying sales.Hilton Worldwide (HLT) shares were down more than 2% after the company issued Q3 adjusted EPS outlook below analysts' expectations.

$HLT$KO$UL$XLP$XLY
Sectors

Sector Update: Consumer

Consumer stocks were advancing premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 1.8% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.4%.Coca-Cola (KO) shares were up more than 3% after the company reported higher fiscal Q2 comparable earnings and net operating revenue, and raised its 2026 outlook.

$KO
Asia Markets

Update: US Equity Futures Mixed Pre-Bell as Halt in Middle East Hostilities Holds, Semiconductor Stocks Drop

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Tuesday as the pause in hostilities between the US and Iran appeared to hold, while semiconductor-related stocks once again declined.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.7% lower.President Donald Trump said late Monday that the US was having "good talks" with Iran, with a "good chance" that a deal could be made, but warned that US attacks would resume if negotiations failed. Iran's Foreign Ministry said Tuesday it had discussions with Saudi Arabia and Oman regarding maritime passage on the Strait of Hormuz.Traders digested the latest round of earnings, with Coca-Cola (KO) posting higher fiscal Q2 comparable earnings and revenue.Visa (V) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.23 per share on revenue of $11.4 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.2% at $83.96 per barrel and US West Texas Intermediate crude 1.8% lower at $81.12 per barrel.The US advance international trade in goods deficit narrowed to $101.46 billion in June from $105.89 billion in May, according to data released by the US Census Bureau.The May S&P Case-Shiller home price index is scheduled for release at 9 am ET. The July consumer confidence index, due at 10 am ET, is projected to rise to 92.4 from 91.2. The Richmond Fed manufacturing index for July is also scheduled to be released at 10 am ET.In other world markets, Japan's Nikkei closed 4% lower, Hong Kong's Hang Seng ended 0.4% higher, and China's Shanghai Composite finished 1.2% lower. Meanwhile, the UK's FTSE 100 was up 0.5%, and Germany's DAX index was 0.1% higher in Europe's early afternoon session.In equities, Micron Technology (MU), AMD (AMD), and Intel (INTC) stocks were all down in premarket activity as part of a wider drop in the semiconductor sector. Micron shares fell 6.7%, AMD stock was down 4.3%, and Intel shares were 5.2% lower.On the winning side, Coca-Cola shares rose 4.2% after the company reported better-than expected comparable earnings and net operating revenue for Q2, as well as raised its comparable EPS growth outlook and organic revenue growth outlook for 2026. Microsoft (MSFT) was up 1.8% after the company introduced Project Perception, an AI-powered cybersecurity platform designed to detect, assess and respond to cyber threats in real time as attackers increasingly use AI to automate attacks. Johnson & Johnson (JNJ) shares were up 1.9% after the company said it has agreed to commit up to $5.5 billion to settle about 76,000 lawsuits that alleged its talc products caused ovarian cancer, aiming to bring finality to the 15-year litigation.

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$KO$MSFT$MU$V
Japan

US Equity Futures Mixed as Halt in Middle East Hostilities Holds, Semiconductor Stocks Drop

US equity futures were mixed pre-bell Tuesday as the pause in hostilities between the US and Iran appeared to hold, while semiconductor-related stocks once again declined.Dow Jones Industrial Average futures were 0.7% higher, S&P 500 futures were down 0.1%, and Nasdaq futures were 1% lower.President Donald Trump said late Monday that the US was having "good talks" with Iran, with a "good chance" that a deal could be made, but warned that US attacks would resume if negotiations failed. Iran's Foreign Ministry said Tuesday it had discussions with Saudi Arabia and Oman regarding maritime passage on the Strait of Hormuz.Traders digested the latest round of earnings, with Coca-Cola (KO) posting higher fiscal Q2 comparable earnings and revenue.Visa (V) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.23 per share on revenue of $11.4 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.4% at $84.64 per barrel and US West Texas Intermediate crude 0.9% lower at $81.83 per barrel.The international trade in goods report for June, scheduled for release at 8:30 am ET, is expected to show the deficit narrowing to $100 billion from the revised value of $105.9 billion in the prior month, according to estimates compiled by Bloomberg.The May S&P Case-Shiller home price index is scheduled for release at 9 am ET. The July consumer confidence index, due at 10 am ET, is projected to rise to 92.4 from 91.2. The Richmond Fed manufacturing index for July is also scheduled to be released at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$KO$V
Stocks Mostly Down Pre-Bell Amid Chip Sell-Off; Traders Await More Earnings
US Markets

Stocks Mostly Down Pre-Bell Amid Chip Sell-Off; Traders Await More Earnings

US equity futures were mostly tracking in the red on Tuesday amid a selloff in chip stocks over concerns about artificial intelligence financing, while traders await the latest batch of corporate earnings.The S&P 500 declined 0.2% and the Nasdaq fell 0.9% in premarket activity, while the Dow Jones Industrial Average edged up 0.1%. The indexes finished the previous trading session mixed.Shares of Nvidia (NVDA) were down 0.9% pre-bell after closing Monday with a nearly 5% decrease. The tech bellwether is reportedly in talks to provide a roughly $250 billion backstop for OpenAI as part of a data-center project, raising concerns about "circular financing," in which suppliers are also major investors in their customers.Sandisk (SNDK) slipped 7.2% while Intel (INTC) was off 4.1%. Marvell Technology (MRVL) shed 4.9% and Qualcomm (QCOM) declined 2.9%. Advanced Micro Devices (AMD) dropped about 4%.West Texas Intermediate crude oil declined 2.2% to $80.86 a barrel before the opening bell, while Brent slid 2.3% to $86.32.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report on Monday. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Tehran's foreign ministry continued to hold discussions with Saudi Arabia and Oman on Tuesday over the future of the Strait of Hormuz, CNBC reported.Coca-Cola (KO), Boeing (BA), S&P Global (SPGI), United Parcel Service (UPS), Royal Caribbean Cruises (RCL), Sherwin-Williams (SHW) and PayPal (PYPL) are some of the major companies scheduled to report their latest financial results Tuesday. Visa (V), NXP Semiconductors (NXPI) and automaker Ford (F) are expected to release their earnings after the markets close.The Federal Reserve's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due Wednesday. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 64%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities said Monday it expects three dissents as a base case, but won't be surprised to see two more pushing for a rate hike.Treasury yields were down in premarket action, with the two- and 10-year rates retreating 1.9 basis points each to 4.3% and 4.62%, respectively.Tuesday's economic calendar also has the international trade in goods data, as well as the retail and wholesale inventories reports, all for June, at 8:30 am ET. The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for May, post at 9 am.The consumer confidence report for July is out at 10 am, along with the Richmond Fed manufacturing index for the same month.Gold moved down 1.4% to $4,021 per troy ounce, while bitcoin dropped 2.2% to $63,463.

Dow JonesNasdaq CompositeS&P 500$AMD$BA$F$INTC$KO$MRVL$NVDA$NXPI$PYPL$QCOM$RCL$SHW$SNDK$SPGI$UPS$V
Update: Wall Street Wavers as Oil Slides; Fed Decision, Major Earnings in Focus
US Markets

Update: Wall Street Wavers as Oil Slides; Fed Decision, Major Earnings in Focus

(Updates with market moves at the end of the day.)US stocks ended mixed in what turned out to be a choppy session on Monday as oil prices tumbled, with investors awaiting the Federal Reserve's monetary policy decision and major earnings releases.The Dow Jones Industrial Average rose 0.5% to 52,210.08, while the Nasdaq Composite edged down 0.2% to 24,932.08. The S&P 500 settled just above the flatline at 7,413.18. Most sectors were in the green, led by consumer staples, while energy saw the steepest decline.West Texas Intermediate crude oil was down 8% at $82.19 a barrel in Monday late-afternoon trade, while Brent slumped 9.2% to $87.90.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.1 basis points to 4.35%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities expects three dissents as a base case, but said it won't be surprised to see two more pushing for a rate hike.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5%, the worst performer on the Dow, while SK Hynix slumped 7.5%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for about $1.07 billion in cash. TransDigm shares advanced 4%.Gold edged up 0.3% to $4,083.90 per troy ounce, while silver lost 0.2% to $58.80 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BA$KO$MA$META$MSFT$NVDA$PG$QCOM$SKHY$TDG$V$XOM
Update: Equities Mixed Intraday as Markets Await Fed Decision, More Earnings Reports
US Markets

Update: Equities Mixed Intraday as Markets Await Fed Decision, More Earnings Reports

(Updates with latest market prices and developments.)US stocks were mixed intraday amid a sharp pullback in oil prices, as traders prepared for the Federal Reserve's policy decision and mega-cap earnings reports later in the week.The Nasdaq Composite was down 0.6% at 24,834.6 after midday Monday, while the S&P 500 fell 0.3% to 7,390.2. The Dow Jones Industrial Average rose 0.2% to 52,031.4. Among sectors, communication services paced the gainers, while technology saw the steepest decline.West Texas Intermediate crude oil dropped 7.5% to $82.61 a barrel, while Brent slumped 8% to $89.09.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.The US military struck Iran for the 13th straight night on Thursday, with Iran launching its retaliatory attacks across Gulf states. There hasn't been an announcement on fresh US strikes since then.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower intraday, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.3 basis points to 4.32%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool."In our view, in the event of a rate hold there are likely to be dissents with the number hinging on the extent to which the statement language shifts in a hawkish direction," Macquarie said Monday in a report.While the firm expects no change to the federal funds rate this week, it continues to project a hike, most likely in December.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5.2% intraday, the worst performer on the Dow, while SK Hynix slumped 9.6%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for approximately $1.07 billion in cash. TransDigm shares rose 3.4% intraday.Gold edged up 0.2% $4,077.40 per troy ounce, while silver lost 0.2% to $58.77 per ounce.

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S&P 500 Second-Quarter Earnings Growth Reaches 70%, Oppenheimer Says
Wire

S&P 500 Second-Quarter Earnings Growth Reaches 70%, Oppenheimer Says

S&P 500 companies' second-quarter earnings growth reached 70%, driven by the information technology sector, where profits nearly tripled year on year, Oppenheimer Asset Management said in a report Monday.A total of 133 companies, or 27% of the index constituents, have reported second-quarter results, with profit growth accelerating to 70% year over year from about 52% up until a week ago. Revenue growth slowed to 12.6% from 16%, according to the report.Tech earnings soared 190% annually, followed by communications services companies, which reported 168% profit growth. Technology also had the highest annual revenue increase of 45% among 11 sectors, with financials showing a 17% jump.Prior to the start of the second-quarter reporting season, FactSet-polled consensus estimates projected S&P 500 earnings growth of nearly 24% year over year, Oppenheimer said.Another 169 S&P 500 companies are scheduled to report results this week, including four of the so-called Magnificent 7 companies Microsoft (MSFT), Meta Platforms (META), Apple (AAPL) and Amazon (AMZN).ExxonMobil (XOM), Visa (V), Mastercard (MA), AbbVie (ABBV), Chevron (CVX), Coca-Cola (KO) and Procter & Gamble (PG) also report this week."Looking at current valuations and the current earnings season, more factors appear to be getting better than getting worse," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Oil prices slid Monday as President Donald Trump said the US and Iran were in talks. However, crude has rallied this month due to the apparent collapse of a preliminary US-Iran peace deal.Escalated tensions between the two nations sent the 10-year Treasury yield to 4.68% last week, the highest level since January 2025, Stoltzfus said.Price: $391.06, Change: $+9.36, Percent Change: +2.45%

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