Earnings at banking giant JP Morgan Chase (JPM) jumped more than 20% compared to last year, despite a decline in revenue. The firm's bottom line received a boost from about $2 billion in tax benefits.
Computer chip maker Intel (INTC) announced earnings for the third quarter that slipped about 6 percent from last year. Still, the bottom line came in above the amount predicted by market analysts, as Wall Street had predicted a more pronounced decline. Intel benefited from gains in its Data Center and Internet units, but saw year-over-year weakness in its Client Computing division.
Stocks saw considerable volatility over the course of the trading day on Tuesday before ending the session firmly in the red. The drop pulled the Dow and the S&P 500 down off the nearly two-month closing highs set on Monday.
Democratic candidate Martin O'Malley has sought to portray his experience as Governor of Maryland as a key reason to support his presidential campaign, but the results of a Washington Post/University of Maryland poll show he has single-digit support in his home state.
Republican presidential candidate Ben Carson has cautioned that the end of the world could be approaching but suggested the situation can still be improved.
Senate Majority Leader Mitch McConnell, R-Ken., reportedly wants significant reforms to the nation's entitlement programs as part of a major budget deal, although the proposal is likely to face strong opposition from Democrats.
After recovering from an early move to the downside, stocks are turning in a lackluster performance in mid-day trading on Tuesday. The major averages have bounced well off their initial lows but are now lingering near the unchanged line.
Hillary Clinton, Bernie Sanders and the other Democratic presidential candidates will be the main focus of the political world as they hold their first debate Tuesday night, but Donald Trump seemingly does not want to be completely left out of the spotlight.
Tech giant Apple Inc. Tuesday said the 21.5 inch iMac all-in-one desktop computers will be available with new Retina 4K display, while every 27 inch iMac will have Retina 5k display for true to life pictures and videos. The new iMacs will be supported by processors and graphics, two Thunderbolt 2 ports and new storage options.
Wells Fargo & Co. said Tuesday it has agreed to buy diversified conglomerate General Electric Co.'s commercial lending and leasing business worth more than $30 billion. GE has embarked on a strategy to focus on its high-value industrial businesses and is selling most of GE Capital's assets.
Stocks moved sharply lower at the start of trading on Tuesday but have shown a substantial rebound since then. The major averages have bounced well off their lows for the young session and into positive territory.
A San Diego couple had a surprise guest at their wedding on Sunday, as President Barack Obama made a brief appearance at the event. The couple was holding the ceremony at the Torrey Pines Golf Course, and Obama just happened to be playing a round of gold on the same day.
Malaysian Airline flight MH17, which crashed in eastern Ukraine killing all the 298 people on board, was hit by a Russian made 9M38 Buk missile, the Dutch Safety Board has concluded.
For the third quarter of Casinos operator Las Vegas Sands Corp. (LVS), analysts, polled by Thomson Reuters, are looking for earnings of $0.64 per share on revenue of $2.99 billion for the third quarter.
After trending higher over the past several sessions, stocks are likely to give back some ground in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 97 points.