Investment Learning

UPS, GM, GE Aerospace, and More

Key Takeaways U.S. equities gained at midday Tuesday after a flurry of earnings reports from GE Aerospace, Sherwin-Williams, and more. GE Aerospace shares jumped after the company posted second-quarter earnings that beat estimates and lifted its profit projections for the full fiscal year. UPS shares cratered after the company’s profit missed estimates amid a pullback in shipping demand. U.S. equities gained at midday Tuesday after a flurry of earnings reports from GE Aerospace ( GE ), Sherwin-Williams ( SHW ), and more. The Dow, S&P 500, and Nasdaq all gained. GE Aerospace shares jumped after the company posted second-quarter earnings that beat estimates and lifted its profit projections for the full fiscal year. Sherwin-Williams shares also advanced as the paint maker raised its guidance on expectations of a boost in residential sales in the second half of the year. MSCI ( MSCI ) shares jumped as the provider of indexes for money managers posted better-than-expected results on higher recurring subscription revenue. United Parcel Service ( UPS ) was the worst-performing stock in the S&P 500 after the package delivery company’s profit missed estimates amid a pullback in shipping demand. Shares of A.O. Smith ( AOS ) slumped as the manufacturer of water heaters and boilers reported lower-than-anticipated earnings on higher steel costs and a weak real estate market. General Motors ( GM ) shares dropped after the automaker announced an unexpected loss in China and it took a $600 million charge for its struggling autonomous vehicle business. Oil futures sank and gold prices rose. The yield on the 10-year Treasury note fell. The U.S. dollar gained on the euro and pound, but lost ground to the yen. Most major cryptocurrencies traded lower. TradingView