Northwest Arkansas Democrat Gazette
Most US stocks rise after firms' strong profit reports | Northwest Arkansas Democrat-Gazette
xCruzo Brief
Most U.S. equities gained Tuesday after strong earnings reports from companies including Equifax and Hasbro, lifting sentiment even as traders weighed lingering pressure from inflation and higher rates. The S&P 500 rose 0.3%. The Dow Jones Industrial Average jumped 529 points, or 1%. The Nasdaq finished down modestly—under 0.1%—as AI-related stocks continued to swing. Equifax rallied 11.3% on a summer profit that beat analyst expectations, despite high mortgage rates weighing on parts of its business. Hasbro climbed 11.2% after stating its Magic: The Gathering generated more than $600 million in revenue in a quarter for the first time. 3M added 5.8%. Energy also moved: Brent fell 0.7% to $108.79.
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