Stocks rebounded from morning losses after investors digested the latest batch of earnings. 

The S&P 500 index increased 1.34 to 4,120.14 and the Nasdaq Composite index rose 0.3% or 36.97 to 12,407.29. 

Futures of crude oil rose 96 cents to $94.85 a barrel and natural gas fell 42 cents to $7.86 a unit. 

The yield on 10-year U.S. Treasury notes edged up a fraction to 2.706% after tensions between the U.S. and China rose ahead of House Speaker Nancy Pelosi's visit to Taiwan. 

Avis Budget Group, Inc fell 7.6% to $167.83 after the car rental company said second quarter revenues rose 37% to $3.2 billion and net income soared 94% to $774 million from a year ago. 

Diluted earnings per share rose to $15.94 from $5.90 a year ago. 

The U.S. segment revenues rose 30% to $2.6 billion and international revenues surged 71% to $677 million from a year ago. 

Average daily rental revenue increased 9% in constant currency to $78.19 and vehicle fleet expanded 32% to 500,653 units from a year ago.  

Caterpillar Inc fell 3.4% to $188.25 after the heavy equipment maker reported slightly lower than expected quarterly revenues because of its exit from Russia. 

Cowen Inc increased 7.9% to $38.31 after the company agreed to be acquired by Toronto Dominion Bank for $39 a share or $1.3 billion in cash. 

Pinterest Inc rose 12.7% to $22.51 after the photo sharing platform said second quarter revenues increased 9% to $665.9 million and swung to a net loss of $43 million from net income of $69 million a year ago.

Pinterest's global active monthly users declined 5% from a year ago to 433 million.  

The stock jumped after the activist investor Elliott Management confirmed that it is the largest shareholder in the company. 

Royal Caribbean Cruises Ltd gained 4.3% to $37.33 after the company priced its upsized convertible debt offering of $1.0 billion to refinance existing convertible notes. 

 The company intends to use the proceeds from the sale to repurchase $350 million aggregate principal amount of its 2.875% convertible senior notes due November 15, 2023 and $800 million aggregate principal amount of its 4.25% convertible senior notes due June 15, 2023. 

The convertible notes will mature on August 15, 2025 unless earlier converted and the conversion price per $1,000 of notes is 19.9577 shares of common stock, which is equivalent to approximately $50.11 a share, subject to adjustment in certain circumstances. 

The initial conversion price represents a conversion premium of approximately 40% over the last reported sale price of common stock on August 1, 2022.

Simon Property Group fell 1.1% to $107.11 after the largest mall operators reported second quarter revenues edged up to $1.27 billion from $1.25 billion a year ago. 

Net income in the quarter declined to $569 million or $1.51 a diluted share from $706 million or $1.88 a diluted share a year ago. 

The occupancy at the U.S. malls and premium outlets increased to 93.9% at the end of June quarter from 91.8% a year ago.

Base minimum rent per square foot was $54.58 at the end of June. 

The company increased its quarterly dividend by 25 cents from a year ago to $1.75 a share payable on September 30, 2022 to shareholders of record on September 9, 2022. 

Uber Technologies Inc rose 17.1% to $28.81 after the ride hailing platform said it turned cash flow positive for the first time. 

Uber said gross bookings increased 33% from a year ago to $29.1 billion and revenues soared 105% to $8.1 billion and swung to a quarterly loss of $2.6 billion or $1.33 a diluted share driven in part by investment losses of $1.7 billion. 

ZoomInfo Technologies Inc soared 10.9% to $41.88 after the business information provider lifted its full-year guidance. 

Second quarter revenues increased 54% to $267.1 million and net income declined to $15.9 million or 4 cents a diluted share from $24.5 million or 5 cents a diluted a year ago. 

ZoomInfo revised full-year 2022 revenues to between $1.08 billion and $1.09 billion from the previous estimate between $1.06 billion and $1.07 billion. 

For the full-year, adjusted operating income estimated is revised higher between $433 million and $437 million from the previous estimate between $418 million and $424 million.