Major averages on Wall Street advanced as investors awaited earnings from leading tech companies and the Fed's rate decisions later in the week. In Europe, inflation in Germany held steady but accelerated in Spain. Positive earnings supported the market's advance in China. The presumed government intervention lifted the Japanese yen.
U.S. major averages on Wall Street turned lower as investors reacted to the latest batch of earnings. IBM declined 9% after falling short of revenue growth expectations, and Meta Platforms plunged 14% after the company's second-quarter revenue outlook disappointed some investors.
LUV META CMG AAL IBM
LUV META CMG AAL IBM
Major indexes on Wall Street turned lower after rate expectations faded following another strong set of economic data. The yield on Treasury notes edged higher. European markets erased morning gains. In Asia, the yen continued to hiver near a three-decade low, and indexes in mainland China edged lower.