Stocks Extend Rally On Wall Street, Amazon Reports a Loss, Apple Net Falls 11%

Benchmark indexes rallied for the second day in a row after investors looked beyond the latest GDP data. Intel posted a second quarter loss. Apple earnings fell 11% and the iPhone remains popular with customers. Amazon reported its second quarterly loss in a row.

Teladoc's Livongo Acquisition Impairment Charges Approach $10 Billion

Teladoc, the virtual healthcare services provider, took another hefty charge linked to its large acquisition only two years ago and also lowered its quarterly and annual outlook.

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U.S. Stocks Turn Lower as Economy Falters

Stocks rebounded from earlier losses after the second quarter GDP declined but at a slower pace. The second quarterly decline raised the prospect of a recession despite the strength in labor market and stable consumer spending.  

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Nasdaq Jumps 4% After Fed Rate Hike

Stocks soared on Wall Street after the Federal Reserve lifted its key lending rate by a larger-than-expected 0.75 percentage point. Tech stocks led the advance ahead of the GDP data on Wednesday.

UPS Parcel Volume Decline On Higher Prices

UPS said quarterly revenues increased despite the decline in domestic parcel volumes and the delivery company plans to lift its stock repurchase limit.

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Visa Results Improve On Rising Travel Activities

Visa Inc said revenues and earnings improved as travel activities picked up and the payment processor continued its stock repurchase program.

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Stocks On Wall Street Rally Ahead of Rate Decision

Benchmark indexes jumped more than 1% ahead of the rate decision supported by a barrage of generally positive corporate earnings.

Alphabet Earnings Fall On Slower Revenue Growth

Google's parent reported its slowest revenue growth in two years as the company battled strong dollar and macroeconomic headwinds. Ad revenues on the YouTube channel was flat and the company reported higher operating losses in its cloud segment.

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Microsoft Earnings Growth Slows On Strong Dollar and Slowing Cloud Growth

Microsoft said strong dollar and weakening growth in cloud segment hurt its latest quarter's earnings. Xbox related revenues shrank after the ending of pandemic.

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General Motors Earnings Plunge 40%

General Motors earnings plunged 40% and the company said supply chain disruptions prevented the automaker from shipping 100,000 vehicles.

Coca-Cola Lifted Full-Year Sales and Earnings Growth Outlook

Coca-Cola June quarterly sales growth was primarily driven by price-increase and volume mix improvements. Unit case volumes rose 8% across all operating regions.

UBS Reports Weak Performance Across All Divisions

UBS AG said revenues in the second quarter were nearly flat and earnings rose 5% driven by a one-time asset sale in Japan.

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Nasdaq and S&P 500 Down 1% On Rate Jitters

Rate jitters dragged benchmark indexes lower ahead of Fed's decision tomorrow. European markets declined on the natural gas supply uncertainties. Natural gas prices soared to the levels last seen in 2008.

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EU States Agrees to Cut Gas Consumption, UBS Drops 10%

European markets traded lower and the EU member nations agreed to cut down natural gas consumption by 15% in the next eight months as Russia throttles supplies through the Nord Stream pipeline network.

Asian Indexes Slip In Cautious Trading, South Korea's GDP Expands

Asian markets traded mixed as Chinese authorities prepare to set up a bailout fund and revive select real estate projects.