Amidst the start of the Federal Reserve’s policy meeting and the analysis of major business earnings, investors drove Tuesday’s S&P 500 gains.
The news that Delta Air Lines had recruited lawyer David Boies to sue CrowdStrike and Microsoft for damages following an outage that resulted in thousands of cancelled flights this month caused CrowdStrike shares to plummet more than 3%.
Over 3.5% of Merck’s shares dropped after a solid second-quarter result was overshadowed by lower-than-expected expectations for the entire year.
Conversely, Pfizer saw a 1.5% increase thanks to better-than-expected revenue and profits. Also, the business increased its top and bottom line projections for the entire year.
The financial results from Microsoft, Advanced Micro Devices, and Starbucks following the closing bell will also be eagerly monitored by investors.
Source (CNBC)
