Yash Sadhak Shrivastava

The stock market experienced its best day in more than three weeks on Tuesday, as more companies reported their spring profits. The S&P 500 rose 2.8% as a strong tide lifted 99% of the index's companies higher. The Dow Jones Industrial Average gained 2.4%, while the Nasdaq Composite gained 3.1%. Also Read| US Stock Market: DJIA, S&P500 and Nasdaq turns green in early trade on Tuesday,Smaller company stocks increased, even more, propelling the Russell 2000 index up 3.5%. Stocks have fallen approximately 20% this year due to concerns about increasing interest rates and strong inflation, putting an even harsher emphasis on how much profit companies make. If earnings continue to rise, markets will benefit greatly. However, if CEOs warn of impending problems, another drop may be on the way. Also Read| US Premarket: Cinemark, Boeing, IBM and other stocks making biggest moves,Toy company Hasbro rose 0.7% after it reported a stronger profit than analysts expected. Oilfield services provider Halliburton added 2.1% after its profit and revenue topped forecasts. Netflix jumped 8% in after-hours trading after the company reported better-than-expected results and a smaller subscriber loss than analysts had feared. Also Read| Trade Setup: Top 15 things to know before market opens on July 20, 2022,Twitter rose 2.8% after a court in Delaware agreed to quickly schedule a lawsuit that could force billionaire Elon Musk to make good on his agreement to buy the company. IBM, though, fell 5.2% despite reporting stronger revenue and earnings than expected. The company’s profit margins fell short of some analysts’ expectations, and concerns are rising about the effect of the dollar's recent strength against other currencies. While a stronger dollar helps limit inflation at home, it can also undercut the value of sales made abroad by U.S. companies. Also Read | Rupee hits all-time low of 80; why is it falling?,The dollar's value eased a bit against other currencies Tuesday, which allayed some fears for the market. So too, counterintuitively, may have a report that showed an extreme level of pessimism among investors. The S&P 500 has been flip-flopping between weekly gains and losses over the last month, after a rough run where it dropped in 10 of 11 weeks. The swings have even hit hour to hour, with early morning gains quickly evaporating by the afternoon. On Monday, an early 1% gain gave way to a 0.8% loss. Also Read | What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?,On Tuesday, the S&P 500 ended 105.84 points higher at 3,936.69. The Dow jumped 754.44 points to 31,827.05, and the Nasdaq rose 353.10 points to 11,713.15. The Russell 2000 picked up 60.91 points to 1,799.32. On Thursday, the European Central Bank is expected to raise interest rates for the first time in 11 years in hopes of knocking down high inflation. Also Read| China extends loans for developers to end mortgage boycott,The Federal Reserve has already raised rates three times this year and by increasing amounts each time. It will announce its next increase next week, and the only question among investors is whether it will go with another increase of 0.75 percentage points or a colossal hike of a full point. The yield on the two-year Treasury, which tends to track expectations for Fed action, rose to 3.24% from 3.17% late Monday. The 10-year yield rose to 3.02% from 2.96%.

{\"time\":1658280988561,\"strCount\":4243,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"The <a href=\\\"https://opoyi.com/topics/stockmarket/\\\">stock market</a> experienced its best day in more than three weeks on Tuesday, as more companies reported their spring profits.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The S&amp;P 500 rose 2.8% as a strong tide lifted 99% of the index's companies higher. The Dow Jones Industrial Average gained 2.4%, while the <a href=\\\"https://opoyi.com/topics/nasdaq/\\\">Nasdaq</a> Composite gained 3.1%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-tuesday-705169/\\\">US Stock Market: DJIA, S&amp;P500 and Nasdaq turns green in early trade on Tuesday</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Smaller company stocks increased, even more, propelling the Russell 2000 index up 3.5%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Stocks have fallen approximately 20% this year due to concerns about increasing interest rates and strong inflation, putting an even harsher emphasis on how much profit companies make. If earnings continue to rise, markets will benefit greatly. However, if CEOs warn of impending problems, another drop may be on the way.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/us-premarket-cinemark-boeing-ibm-and-other-stocks-making-biggest-moves-705103/\\\">US Premarket: Cinemark, Boeing, IBM and other stocks making biggest moves</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Toy company Hasbro rose 0.7% after it reported a stronger profit than analysts expected. Oilfield services provider Halliburton added 2.1% after its profit and revenue topped forecasts. Netflix jumped 8% in after-hours trading after the company reported better-than-expected results and a smaller subscriber loss than analysts had feared.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/trade-setup-top-15-things-to-know-before-market-opens-on-july-20-2022-705402/\\\">Trade Setup: Top 15 things to know before market opens on July 20, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Twitter rose 2.8% after a court in <a href=\\\"https://opoyi.com/topics/delaware/\\\">Delaware</a> agreed to quickly schedule a lawsuit that could force billionaire Elon Musk to make good on his agreement to buy the company.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topics/ibm/\\\">IBM</a>, though, fell 5.2% despite reporting stronger revenue and earnings than expected. The company’s profit margins fell short of some analysts’ expectations, and concerns are rising about the effect of the dollar's recent strength against other currencies. While a stronger dollar helps limit inflation at home, it can also undercut the value of sales made abroad by U.S. companies.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/rupee-hits-all-time-low-of-80-why-is-it-falling-704868/\\\">Rupee hits all-time low of 80; why is it falling?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The dollar's value eased a bit against other currencies Tuesday, which allayed some fears for the market. So too, counterintuitively, may have a report that showed an extreme level of pessimism among investors.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The S&amp;P 500 has been flip-flopping between weekly gains and losses over the last month, after a rough run where it dropped in 10 of 11 weeks. The swings have even hit hour to hour, with early morning gains quickly evaporating by the afternoon. On Monday, an early 1% gain gave way to a 0.8% loss.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021-703960/\\\">What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On Tuesday, the S&amp;P 500 ended 105.84 points higher at 3,936.69. The Dow jumped 754.44 points to 31,827.05, and the Nasdaq rose 353.10 points to 11,713.15. The Russell 2000 picked up 60.91 points to 1,799.32.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On Thursday, the European Central Bank is expected to raise interest rates for the first time in 11 years in hopes of knocking down high inflation.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/china-extends-loans-for-developers-to-end-mortgage-boycott-704009/\\\">China extends loans for developers to end mortgage boycott</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Federal Reserve has already raised rates three times this year and by increasing amounts each time. It will announce its next increase next week, and the only question among investors is whether it will go with another increase of 0.75 percentage points or a colossal hike of a full point.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The yield on the two-year Treasury, which tends to track expectations for Fed action, rose to 3.24% from 3.17% late Monday. The 10-year yield rose to 3.02% from 2.96%.\"}}]}

<ul>
 <li>The S&amp;P 500 rose 105.84 points, or 2.8%, to 3,936.69</li>
 <li>The Dow Jones rose 754.44 points, or 2.4%, to 31,827.05</li>
 <li>The Nasdaq rose 353.10 points, or 3.1%, to 11,713.15</li>
 <li>The Russell 2000 rose 60.91 points, or 3.5%, to 1,799.32</li>
</ul>

Opoyi Business

US Stock Market: DJIA, S&P500, Nasdaq and Russell ended over 2% up on Tuesday

ClosingBell

StockMarket

WallStreet

UnitedStates

DowJones

ShareMarket

Delaware

ElonMusk

NASDAQ

Science

World

Business

Devanshu Singla

Stocks continued to trade higher on Wall Street Tuesday as more companies released their quarterly earnings reports for the second quarter. The S&P 500 was 56.78 points or 1.485 to 3,887.63 as of 10:25 a.m. Eastern time zone. The Dow Jones Industrial Average was up 423.42 points or 1.36% to 31,496.03. The Nasdaq Composite was 147.79 points or 1.30% at 11,507.84. Also Read | Rupee hits all-time low of 80; why is it falling?,Stocks have fallen around 20% so far this year amid concerns about rising interest rates and high inflation, which puts an even brighter spotlight than usual on how much profit companies are making. If earnings increase, it would provide much-needed support for markets. But if CEOs warn about troubles ahead, another plunge may be on the way. Also Read | Russian President Vladimir Putin visits Iran; first trip since Ukraine war,Companies from various sectors are releasing their earnings reports for the second quarter, broadening out from the banks that dominated the earliest part of the reporting season. Oilfield services company Halliburton added 1.6% after it reported stronger profit and revenue for the spring than analysts expected. Health care giant Johnson & Johnson added 0.9% after beating market expectations. Also Read | House to vote on same-sex and interracial marriages, push back against court,However, IBM fell 6.6% after reporting stronger revenue and earnings beating market estimates. The company’s profit margins fell short of some analysts’ expectations amid worries about how the dollar’s strength is undercutting the value of revenue made abroad in other currencies. Also Read | Twitter on Musk deal: ‘slow-walking’ the $44 billion acquisition,Crude oil prices fell around 1%, which provided some relief across the market. According to the latest results from Bank of America’s monthly survey of global fund managers, expectations for economic growth and profits have plunged. That has them sitting on their highest cash levels since 2001 and their lowest allocations to stocks since 2008. The European Central Bank is likely to hike interest rates for the first time in 11 years in hopes of knocking down high inflation. Also Read | Twitter on Musk deal: ‘slow-walking’ the $44 billion acquisition,The Federal Reserve has already increased interest rates three times this year and by higher amounts each time. Next week, it will announce its next increase and the only question among investors is whether it will go with another increase of 0.75 percentage points or a monster hike of a full point. In energy trading, benchmark U.S. crude fell 1% to $98.42 per barrel. Brent crude, the international standard, lost 1.2% to $105.04.

{\"time\":1658244339478,\"strCount\":3575,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Stocks continued to trade higher on <a href=\\\"https://opoyi.com/topics/wallstreet/\\\">Wall Street</a> Tuesday as more companies released their quarterly earnings reports for the second quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The S&amp;P 500 was 56.78 points or 1.485 to 3,887.63 as of 10:25 a.m. Eastern time zone. The Dow Jones Industrial Average was up 423.42 points or 1.36% to 31,496.03. The Nasdaq Composite was 147.79 points or 1.30% at 11,507.84.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/rupee-hits-all-time-low-of-80-why-is-it-falling-704868/\\\">Rupee hits all-time low of 80; why is it falling?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Stocks have fallen around 20% so far this year amid concerns about rising interest rates and <a href=\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-come-down\\\">high inflation</a>, which puts an even brighter spotlight than usual on how much profit companies are making. If earnings increase, it would provide much-needed support for markets. But if CEOs warn about troubles ahead, another plunge may be on the way.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/world/russian-president-vladimir-putin-visits-iran-first-trip-since-ukraine-war-704903/\\\">Russian President Vladimir Putin visits Iran; first trip since Ukraine war</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Companies from various sectors are releasing their earnings reports for the second quarter, broadening out from the banks that dominated the earliest part of the reporting season. Oilfield services company Halliburton added 1.6% after it reported stronger profit and revenue for the spring than analysts expected. Health care giant <a href=\\\"https://opoyi.com/topics/johnson/\\\">Johnson</a> &amp; Johnson added 0.9% after beating market expectations.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/usa/house-to-vote-on-same-sex-and-interracial-marriages-push-back-against-court-704664/\\\">House to vote on same-sex and interracial marriages, push back against court</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"However, <a href=\\\"https://opoyi.com/topics/ibm/\\\">IBM</a> fell 6.6% after reporting stronger revenue and earnings beating market estimates. The company’s profit margins fell short of some analysts’ expectations amid worries about how the dollar’s strength is undercutting the value of revenue made abroad in other currencies.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/technology/twitter-on-musk-deal-slow-walking-the-44-billion-acquisition-704593/\\\">Twitter on Musk deal: ‘slow-walking’ the $44 billion acquisition</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topics/crudeoil/\\\">Crude oil</a> prices fell around 1%, which provided some relief across the market. According to the latest results from Bank of America’s monthly survey of global fund managers, expectations for economic growth and profits have plunged. That has them sitting on their highest cash levels since 2001 and their lowest allocations to stocks since 2008.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The European Central Bank is likely to hike interest rates for the first time in 11 years in hopes of knocking down high inflation.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/technology/twitter-on-musk-deal-slow-walking-the-44-billion-acquisition-704593/\\\">Twitter on Musk deal: ‘slow-walking’ the $44 billion acquisition</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The <a href=\\\"https://opoyi.com/topics/federalreserve/\\\">Federal Reserve</a> has already increased interest rates three times this year and by higher amounts each time. Next week, it will announce its next increase and the only question among investors is whether it will go with another increase of 0.75 percentage points or a monster hike of a full point.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In energy trading, benchmark U.S. crude fell 1% to $98.42 per barrel. Brent crude, the international standard, lost 1.2% to $105.04.\"}}]}

<ul>
 <li>Nasdaq Composite was 147.79 points or 1.30% at 11,507.84</li>
 <li>Stocks have fallen around 20% so far this year</li>
 <li>U.S. crude fell 1% to $98.42 per barrel</li>
</ul>

US Stock Market: DJIA, S&P500 and Nasdaq turns green in early trade on Tuesday

EarlyTrade

BankOfAmerica

CrudeOil

FederalReserve

Inflation

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Cinemark (CNK),Shares of the movie theater operators gained 4.6% in the premarket after Morgan Stanley upgraded it to “overweight” from “equal-weight”. Morgan Stanley said the return of consumers to theatres represents a trend not reflected in the stock’s price. Also Read | Russian President Vladimir Putin visits Iran; first trip since Ukraine war,Boeing (BA),The stock added 1.3% in premarket trading as the company is about to sell a small number of 787 Dreamliners to aircraft leasing company AerCap Holdings. IBM (IBM),IBL fell 5.9% in premarket trading despite beating top and bottom line estimates for the second quarter. IBM warned of a $3.5 billion impact on earnings due to the strong US dollar. Also Read | Rupee hits all-time low of 80; why is it falling?,NCR (NCR),NCR jumped 11.5% in premarket action after The Wall Street Journal reported that private-equity firm Veritas Capital was in exclusive discussions to acquire the financial technology provider. Halliburton (HAL),Shares of the oilfield services company added 1.8% in premarket trading after beating top and bottom line estimates for the second quarter. Profit rose nearly 41% from a year earlier as the hike in oil prices spurred a significant increase in drilling demand. Also Read | China extends loans for developers to end mortgage boycott,Truist Financial (TFC),Shares of the banking company added 1.9% in premarket after reporting higher-than-expected profit and revenue for its latest quarter. Truist said its results showed strong loan growth and an expansion of its net interest margins. Also Read | What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?,Johnson & Johnson (JNJ),The healthcare company’s stock gained 0.98% in premarket action after it reported a quarterly profit of $2.59 per share, 5 cents a share above estimates. Revenue exceeded forecasts as well. J&J lowered its full-year guidance, however, due to the strength of the US dollar rather than operational issues. Also Read | Twitter on Musk deal: ‘slow-walking’ the $44 billion acquisition,Hasbro (HAS),The stock slid 0.52% in the premarket after the toy maker beat estimates by 21 cents per share. Revenue was very slightly below forecasts. Hasbro said it continues to take measures to reduce costs, and to ensure that it has sufficient holiday season inventories.

{\"time\":1658239796912,\"strCount\":3003,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Cinemark (CNK)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Shares of the movie theater operators gained 4.6% in the premarket after Morgan Stanley upgraded it to “overweight” from “equal-weight”. Morgan Stanley said the return of consumers to theatres represents a trend not reflected in the stock’s price.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/world/russian-president-vladimir-putin-visits-iran-first-trip-since-ukraine-war-704903/\\\">Russian President Vladimir Putin visits Iran; first trip since Ukraine war</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Boeing (BA)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The stock added 1.3% in premarket trading as the company is about to sell a small number of 787 Dreamliners to aircraft leasing company AerCap Holdings.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"IBM (IBM)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"IBL fell 5.9% in premarket trading despite beating top and bottom line estimates for the second quarter. <a href=\\\"https://opoyi.com/topics/ibm/\\\">IBM</a> warned of a $3.5 billion impact on earnings due to the strong <a href=\\\"https://opoyi.com/topics/us/\\\">US</a> dollar.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/rupee-hits-all-time-low-of-80-why-is-it-falling-704868/\\\">Rupee hits all-time low of 80; why is it falling?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"NCR (NCR)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"NCR jumped 11.5% in premarket action after The Wall Street Journal reported that private-equity firm Veritas Capital was in exclusive discussions to acquire the financial technology provider.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Halliburton (HAL)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Shares of the oilfield services company added 1.8% in premarket trading after beating top and bottom line estimates for the second quarter. Profit rose nearly 41% from a year earlier as the hike in oil prices spurred a significant increase in drilling demand.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/china-extends-loans-for-developers-to-end-mortgage-boycott-704009/\\\">China extends loans for developers to end mortgage boycott</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Truist Financial (TFC)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Shares of the banking company added 1.9% in premarket after reporting higher-than-expected profit and revenue for its latest quarter. Truist said its results showed strong loan growth and an expansion of its net interest margins.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021-703960/\\\">What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Johnson &amp; Johnson (JNJ)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The healthcare company’s stock gained 0.98% in premarket action after it reported a quarterly profit of $2.59 per share, 5 cents a share above estimates. Revenue exceeded forecasts as well. J&amp;J lowered its full-year guidance, however, due to the strength of the US dollar rather than operational issues.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/technology/twitter-on-musk-deal-slow-walking-the-44-billion-acquisition-704593/\\\">Twitter on Musk deal: ‘slow-walking’ the $44 billion acquisition</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Hasbro (HAS)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The stock slid 0.52% in the premarket after the toy maker beat estimates by 21 cents per share. Revenue was very slightly below forecasts. Hasbro said it continues to take measures to reduce costs, and to ensure that it has sufficient holiday season inventories. \"}}]}

<ul>
 <li>Cinemark shares gained 4.6% in the premarket</li>
 <li>Boeing stock added 1.3% in the premarket</li>
 <li>Halliburton beats top and bottom line estimates for the second quarter</li>
</ul>

US Premarket: Cinemark, Boeing, IBM and other stocks making biggest moves

Premarket

MorganStanley

Boeing

A congested employment market in the software and BPO industry has resulted in a spike in attrition rates at TCS and Infosys, the country's top two IT companies by revenue, causing IT firms to resort to unusual techniques to retain employees. Also Read| Ajanta Soya shares hit 5% upper circuit after board approves stock split,According to a workers union representing employees in the IT and BPO sectors, Bengaluru-based Infosys is implementing a clause in the employment contract to restrict workers from joining some of its competitors. The union has written to the Ministry of Labour and Employment as well as the Ministry of Corporate Affairs, requesting intervention, reported Indianexpress. Non-compete clauses in employee contracts, according to Infosys, are standard business practice. Also Read| Sensex jumps over 420 points while Nifty around 17,250 in early trade,An Infosys employee cannot work for one of the specified competing organisations on a client he or she would have serviced in the prior 12 months after leaving, according to the non-compete clause in question. Also Read| Trending Stocks: Tata Steel, Gland Pharma, RIIL, ICICI and others in news today,TCS, Accenture, IBM, Cognizant, and Wipro are among the competitors referenced in the employment contract for Infosys' software services wing. Tech Mahindra, Genpact, WNS, TCS, Accenture, IBM, Cognizant, Wipro, and HCL are the identified rivals in the employment agreement for the business processing management (BPM) wing. Also Read| Stocks that should be on your watchlist on Thursday, April 21, 2022,This happens when the segment's attrition rate rises. Tata Consultancy Services reported an annualised attrition rate of 17.4% in the March quarter, up from 7.2% in the year-ago period. During the January-March quarter, Infosys recorded a voluntary attrition rate of 27.7%, compared to 10.9% in January-March 2021. Other major IT companies have yet to release their fourth-quarter and full-year figures for 2021-22. Also Read| Fuel price today: Petrol and Diesel rates remain unchanged on April 21, 2022,The attrition rate of a company is the pace at which employees leave. When broken down, it's the number of individuals who have departed the company throughout time divided by the average number of employees. It's usually represented as a percentage. Also Read| SEBI simplifies payment process via UPI for IPO allotment,“It is a standard business practice in many parts of the world for employment contracts to include controls of reasonable scope and duration to protect the confidentiality of information, customer connection and other legitimate business interests. These are fully disclosed to all job aspirants before they decide to join Infosys, and do not have the effect of preventing employees from joining other organisations for career growth and aspirations,” Infosys told Indianexpress. Also Read| India's crude oil production fell 2.67% to 29.69 million tonnes in FY22,TCS, India's largest IT services provider, has stated that its attrition rate is likely to flatten and then decrease over the following two quarters. TCS has 5.92 lakh employees on its books as of March 31, while Infosys had 3.14 lakh.

{\"time\":1650519168337,\"strCount\":4133,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"A congested employment market in the software and BPO industry has resulted in a spike in attrition rates at <a href=\\\"https://opoyi.com/topics/tcs/\\\">TCS</a> and <a href=\\\"https://opoyi.com/topics/infosys/\\\">Infosys</a>, the country's top two IT companies by revenue, causing IT firms to resort to unusual techniques to retain employees.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/india/ajanta-soya-shares-hit-5-upper-circuit-after-board-approves-stock-split-481006/\\\">Ajanta Soya shares hit 5% upper circuit after board approves stock split</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"According to a workers union representing employees in the IT and BPO sectors, Bengaluru-based Infosys is implementing a clause in the employment contract to restrict workers from joining some of its competitors. The union has written to the Ministry of Labour and Employment as well as the Ministry of Corporate Affairs, requesting intervention, reported Indianexpress.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Non-compete clauses in employee contracts, according to Infosys, are \\\"standard business practice.\\\"\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/sensex-jumps-over-420-points-while-nifty-around-17250-in-early-trade-101954/\\\">Sensex jumps over 420 points while Nifty around 17,250 in early trade</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"An Infosys employee cannot work for one of the specified competing organisations on a client he or she would have serviced in the prior 12 months after leaving, according to the non-compete clause in question.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/usa/trending-stocks-tata-steel-gland-pharma-riil-icici-and-others-in-news-today-415277/\\\">Trending Stocks: Tata Steel, Gland Pharma, RIIL, ICICI and others in news today</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"TCS, Accenture, <a href=\\\"https://opoyi.com/topics/ibm/\\\">IBM</a>, Cognizant, and Wipro are among the competitors referenced in the employment contract for Infosys' software services wing. Tech Mahindra, Genpact, WNS, TCS, Accenture, IBM, Cognizant, Wipro, and HCL are the identified rivals in the employment agreement for the business processing management (BPM) wing.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/stocks-that-should-be-on-your-watchlist-on-thursday-april-21-2022-252343/\\\">Stocks that should be on your watchlist on Thursday, April 21, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"This happens when the segment's attrition rate rises. Tata Consultancy Services reported an annualised attrition rate of 17.4% in the March quarter, up from 7.2% in the year-ago period. During the January-March quarter, Infosys recorded a voluntary attrition rate of 27.7%, compared to 10.9% in January-March 2021. Other major IT companies have yet to release their fourth-quarter and full-year figures for 2021-22.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/fuel-price-today-petrol-and-diesel-rates-remain-unchanged-on-april-21-2022-117708/\\\">Fuel price today: Petrol and Diesel rates remain unchanged on April 21, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The attrition rate of a company is the pace at which employees leave. When broken down, it's the number of individuals who have departed the company throughout time divided by the average number of employees. It's usually represented as a percentage.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/sebi-simplifies-payment-process-via-upi-for-ipo-allotment-216408/\\\">SEBI simplifies payment process via UPI for IPO allotment</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"“It is a standard business practice in many parts of the world for employment contracts to include controls of reasonable scope and duration to protect the confidentiality of information, customer connection and other legitimate business interests. These are fully disclosed to all job aspirants before they decide to join Infosys, and do not have the effect of preventing employees from joining other organisations for career growth and aspirations,” Infosys told Indianexpress.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/india/indias-crude-oil-production-fell-267-to-2969-million-tonnes-in-fy22-629495/\\\">India's crude oil production fell 2.67% to 29.69 million tonnes in FY22</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"TCS, India's largest IT services provider, has stated that its attrition rate is likely to flatten and then decrease over the following two quarters. TCS has 5.92 lakh employees on its books as of March 31, while Infosys had 3.14 lakh.\"}}]}

<ul>
 <li>Infosys is implementing a clause that restrict employees from joining some of its competitors</li>
 <li>TCS, Accenture, IBM, Cognizant, and Wipro are among the competitors referenced in the employment contract</li>
 <li>TCS has 5.92 lakh employees on its books as of March 31 while Infosys had 3.14 lakh</li>
</ul>

Opoyi Central

Infosys, TCS invoke job clause as attrition rate rises

Infosys

Employment

India

Bengaluru

Asia

IndiaNews

After another day of bumpy trading, Wall Street's major stock indexes ended mixed Wednesday, with Netflix losing more than a third of its value after revealing its first subscriber drop in more than a decade and anticipating much worse times ahead. Also Read| Trade Setup: Top 15 things to know before market opens on April 21, 2022,After a late-afternoon fade, the S&P 500 sank 0.1%, while the Nasdaq fell 1.2%. The Dow Jones Industrial Average gained 0.7% as IBM gained 7.1% after announcing quarterly earnings that exceeded analysts' expectations. Also Read| Trending Stocks: Tata Steel, Gland Pharma, RIIL, ICICI and others in news today,Netflix's stock dropped 35.1% the next day when the streaming service revealed its first drop in members in over a decade. The business also stated that it anticipates a sharper drop in the current quarter. Also Read| US Stock Market: DJIA, S&P500 and Nasdaq turns green in early trade on Wednesday,The skid in Netflix, one of Wall Street's Big Tech high flyers in recent years, weighed heavily on the S&P 500, outweighing gains elsewhere in the benchmark index, and hit the communication services sector the hardest, pulling it 4.1% lower. Also Read| US Premarket: Netflix, IBM and other stocks making biggest moves,Technology stocks, retailers and other companies that rely on consumer spending also weighed on the market. Chipmaker Nvidia fell 3.2% and Amazon dropped 2.6%. Health care stocks made some of the biggest gains. CVS rose 2.7% and medical device maker Boston Scientific added 3%. Also Read| India's crude oil production fell 2.67% to 29.69 million tonnes in FY22,Banks and household product makers also bucked the market's overall decline. JPMorgan Chase rose 0.4%, while Charmin and Dawn maker Procter & Gamble rose 2.7% after beating analysts’ quarterly earnings forecasts. Tesla rose 4% in after-hours trading after reporting first-quarter net earnings that were over seven times greater than a year earlier. ,Also Read| Tata Steel to stop doing business with Russia amid ongoing war with Ukraine,All told, the S&P 500 slipped 2.76 points to 4,459.45, and the Nasdaq fell 166.59 points to 13,453.07. The Dow rose 249.59 points to 35,160.79. Smaller company stocks held up better than the broader market. The Russell 2000 added 7.42 points, or 0.4%, to 2,038.19. Also Read| SEBI simplifies payment process via UPI for IPO allotment,Bond yields have been rising throughout the year as Wall Street prepares for higher interest rates. The yield on the 10-year Treasury note eased to 2.84% from 2.91% late Tuesday, but it's still near its highest level since late 2018. U.S. crude oil prices rose 0.2% Wednesday and are up nearly 40% for the year, pushing gasoline prices higher. Wheat prices are up 41% for the year and that has the potential to increase prices for a wide range of food products globally.

{\"time\":1650505082131,\"strCount\":3871,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"After another day of bumpy trading, Wall Street's major stock indexes ended mixed Wednesday, with <a href=\\\"https://opoyi.com/topics/netflix/\\\">Netflix</a> losing more than a third of its value after revealing its first subscriber drop in more than a decade and anticipating much worse times ahead.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/trade-setup-top-15-things-to-know-before-market-opens-on-april-21-2022-238616/\\\">Trade Setup: Top 15 things to know before market opens on April 21, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"After a late-afternoon fade, the S&amp;P 500 sank 0.1%, while the <a href=\\\"https://opoyi.com/topics/nasdaq/\\\">Nasdaq</a> fell 1.2%. The Dow Jones Industrial Average gained 0.7% as <a href=\\\"https://opoyi.com/topics/ibm/\\\">IBM</a> gained 7.1% after announcing quarterly earnings that exceeded analysts' expectations.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/usa/trending-stocks-tata-steel-gland-pharma-riil-icici-and-others-in-news-today-415277/\\\">Trending Stocks: Tata Steel, Gland Pharma, RIIL, ICICI and others in news today</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Netflix's stock dropped 35.1% the next day when the streaming service revealed its first drop in members in over a decade. The business also stated that it anticipates a sharper drop in the current quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-wednesday-291417/\\\">US Stock Market: DJIA, S&amp;P500 and Nasdaq turns green in early trade on Wednesday</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The skid in Netflix, one of Wall Street's Big Tech high flyers in recent years, weighed heavily on the S&amp;P 500, outweighing gains elsewhere in the benchmark index, and hit the communication services sector the hardest, pulling it 4.1% lower.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/us-premarket-netflix-ibm-and-other-stocks-making-biggest-moves-124676/\\\">US Premarket: Netflix, IBM and other stocks making biggest moves</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Technology stocks, retailers and other companies that rely on consumer spending also weighed on the market. Chipmaker Nvidia fell 3.2% and <a href=\\\"https://opoyi.com/topics/amazon/\\\">Amazon</a> dropped 2.6%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Health care stocks made some of the biggest gains. CVS rose 2.7% and medical device maker Boston Scientific added 3%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/india/indias-crude-oil-production-fell-267-to-2969-million-tonnes-in-fy22-629495/\\\">India's crude oil production fell 2.67% to 29.69 million tonnes in FY22</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Banks and household product makers also bucked the market's overall decline. JPMorgan Chase rose 0.4%, while Charmin and Dawn maker Procter &amp; Gamble rose 2.7% after beating analysts’ quarterly earnings forecasts.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Tesla rose 4% in after-hours trading after reporting first-quarter net earnings that were over seven times greater than a year earlier.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/tata-steel-to-stop-doing-business-with-russia-amid-ongoing-war-with-ukraine-464178/\\\">Tata Steel to stop doing business with Russia amid ongoing war with Ukraine</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"All told, the S&amp;P 500 slipped 2.76 points to 4,459.45, and the Nasdaq fell 166.59 points to 13,453.07. The Dow rose 249.59 points to 35,160.79.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Smaller company stocks held up better than the broader market. The Russell 2000 added 7.42 points, or 0.4%, to 2,038.19.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/business/sebi-simplifies-payment-process-via-upi-for-ipo-allotment-216408/\\\">SEBI simplifies payment process via UPI for IPO allotment</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Bond yields have been rising throughout the year as Wall Street prepares for higher interest rates. The yield on the 10-year Treasury note eased to 2.84% from 2.91% late Tuesday, but it's still near its highest level since late 2018.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"U.S. crude oil prices rose 0.2% Wednesday and are up nearly 40% for the year, pushing gasoline prices higher. Wheat prices are up 41% for the year and that has the potential to increase prices for a wide range of food products globally.\"}}]}

<ul>
 <li>The S&amp;P 500 fell 2.76 points, or 0.1%, to 4,459.45.</li>
 <li>The Dow Jones Industrial Average rose 249.59 points, or 0.7%, to 35,160.79.</li>
 <li>The Nasdaq fell 166.59 points, or 1.2%, to 13,453.07.</li>
 <li>The Russell 2000 rose 7.42 points, or 0.4%, to 2,038.19.</li>
</ul>

US Stock Market: DJIA, S&P500, Nasdaq and Russell ended mixed on Wednesday

Netflix

Amazon

Entertainment

Stocks turned green in early trade on Wall Street Wednesday but were pulled back by streaming services giant Netflix, which lost over 35% of its value after reporting its first subscriber loss in over a decade and predicting further losses next quarter. The S&P 500 rose 0.1% as of 10:17 am Eastern time zone. The Dow Jones Industrial Average rose 224 points or 0.6%, to 35,135. The Nasdaq fell 0.7% to 13,514.20. Also Read | Intruder at Peruvian embassy in Washington shot dead,After helping to drive the market higher a day earlier, big tech companies were again driving the market higher. IBM jumped 5.8% after reporting strong financial results. Chipmaker Intel surged 1%. Netflix tumbled 34% after it suffered its first subscriber loss in more than a decade. The company expects a steeper decline during the current quarter. It is also considering changes to its business model, including controlling password sharing and creating a low-cost subscription supported by advertising. Also Read | US Premarket: Netflix, IBM and other stocks making biggest moves,Banks and household product makers also made solid gains. Bank of America gained 1%. Procter & Gamble rose 3% after beating analysts’ quarterly earnings forecasts. Bond yields fell. The yield on the 10-year Treasury declined to 2.88% from 2.91%. US crude was stable on Wednesday, but is up 36% for the year and has been pushing gasoline prices higher. Across the globe, wheat prices are up 40% for the year, which could increase the price of a wide range of food products. Also Read | WikiLeaks founder Julian Assange to be extradited to the United States,Investors continue examining the latest round of company financial reports as they try to project how companies are dealing with rising inflation and cost pressures. Railroad operator CSX, electric vehicle maker Tesla and United Airlines will announce their results later Wednesday. American Airlines and Union Pacific will announce results on Thursday.

{\"time\":1650470656002,\"strCount\":2643,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Stocks turned green in early trade on Wall Street Wednesday but were pulled back by streaming services giant <a href=\\\"https://opoyi.com/entertainment/as-subscribers-fall-netflix-turns-to-ads-password-control-in-new-plan-414635/\\\">Netflix</a>, which lost over 35% of its value after reporting its first subscriber loss in over a decade and predicting further losses next quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The S&amp;P 500 rose 0.1% as of 10:17 am Eastern time zone. The Dow Jones Industrial Average rose 224 points or 0.6%, to 35,135. The <a href=\\\"https://opoyi.com/topics/nasdaq/\\\">Nasdaq</a> fell 0.7% to 13,514.20.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/usa/shots-fired-at-peruvian-embassy-in-washington-probe-underway-382850/\\\">Intruder at Peruvian embassy in Washington shot dead</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"After helping to drive the market higher a day earlier, big tech companies were again driving the market higher. <a href=\\\"https://opoyi.com/topics/ibm/\\\">IBM</a> jumped 5.8% after reporting strong financial results. Chipmaker Intel surged 1%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/entertainment/netflix-shares-plunge-more-than-35-on-lost-subscribers-579191/\\\">Netflix tumbled 34%</a> after it suffered its first subscriber loss in more than a decade. The company expects a steeper decline during the current quarter. It is also considering changes to its business model, including controlling password sharing and creating a low-cost subscription supported by advertising.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/us-premarket-netflix-ibm-and-other-stocks-making-biggest-moves-124676/\\\">US Premarket: Netflix, IBM and other stocks making biggest moves</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Banks and household product makers also made solid gains. Bank of America gained 1%. Procter &amp; Gamble rose 3% after beating analysts’ quarterly earnings forecasts.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Bond yields fell. The yield on the 10-year Treasury declined to 2.88% from 2.91%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topics/us/\\\">US</a> crude was stable on Wednesday, but is up 36% for the year and has been pushing gasoline prices higher. Across the globe, wheat prices are up 40% for the year, which could increase the price of a wide range of food products.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/world/wikileaks-founder-julian-assange-to-be-extradited-to-the-united-states-213527/\\\">WikiLeaks founder Julian Assange to be extradited to the United States</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Investors continue examining the latest round of company financial reports as they try to project how companies are dealing with rising inflation and cost pressures. Railroad operator CSX, electric vehicle maker Tesla and United Airlines will announce their results later Wednesday. American Airlines and Union Pacific will announce results on Thursday.\"}}]}

<ul>
 <li>Dow Jones Industrial Average rose 224 points or 0.6%, to 35,135</li>
 <li>Netflix tumbled 34% after reporting its first subscriber loss</li>
 <li>Banks and household product makers also made solid gains</li>
</ul>

US Stock Market: DJIA, S&P500 and Nasdaq turns green in early trade on Wednesday

USStocks

StockExchange

UnitedAirlines

AmericanAirlines

Netflix (NFLX),Netflix tumbled 26.8% in the premarket action after it reported that it lost 200,000 subscribers during the first quarter. The streaming platform had projected subscriber additions of 2.5 million. Netflix said it was exploring an ad-supported version. Other streaming service companies also saw their stocks slip along with Netflix. Disney slid 5% in the premarket, Roku tumbled 6.7% and Warner Brothers Discovery lost 4.3%. Also Read | Ukrainian man uses 'Find My’ feature on Apple AirPods to track Russian troops,IBM (IBM),IBM share rallied 2.7% in the premarket after reporting an adjusted quarterly profit of $1.40 per share, 2 cents above estimates, with revenue above analyst forecasts. Strong hybrid cloud platform sales boosted IBM's results. ,Lululemon (LULU),Lululemon jumped 2.2% in the premarket trading after the garment maker announced a five-year plan to double revenue. The plan emphasizes increasing international sales four times and doubling revenue from its men’s and digital operations. Also Read | L&T Infotech share tanks 5% despite reporting positive quarterly results,Baker Hughes (BKR),Baker Hughes stocks fell 2% in premarket action after oilfield services fell 5 cents short of analyst estimates with adjusted quarterly earnings of 15 cents per share, and revenue also missed forecasts. Baker Hughes said its results reflected a volatile operating environment. Also Read | Shanghai eases COVID lockdown, allows another 4 million people to leave homes,Procter & Gamble (PG),The consumer products company gained 1.1% in premarket action after a top and bottom-line beat. Procter & Gamble beat analysts' estimates by 4 cents with adjusted quarterly earnings of $1.33 per share and recorded its biggest sales gain in 20 years as demand for household products remained high. Procter also raised its organic sales guidance. Teva Pharmaceutical (TEVA),Teva shares plunged 4.8% in premarket action after the FDA rejected a new drug application for schizophrenia treatment. Teva said it is researching possible next steps and will work with the FDA to address the agency’s concerns. Also Read | Netflix reports subscriber loss first time in a decade in Q1 of 2022,Omnicom (OMC),Omnicom shares added 3.7% in premarket action after reporting a better-than-expected profit and revenue for its latest quarter. The ad agency operator took a $113.4 million charge relating to its investment in Russian businesses. Also Read | Elon Musk attempts to secure funding to buy Twitter: Report,ASML (ASML),ASML shares surged 5.4% in the premarket after its latest quarter beat analyst estimates on the top and bottom lines. The Amsterdam-based semiconductor equipment maker reported strong demand from chip makers trying to ramp up production.

{\"time\":1650462053640,\"strCount\":3567,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Netflix (NFLX)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/entertainment/as-subscribers-fall-netflix-turns-to-ads-password-control-in-new-plan-414635/\\\">Netflix</a> tumbled 26.8% in the premarket action after it\\nreported that it lost 200,000 subscribers during the first quarter. The\\nstreaming platform had projected subscriber additions of 2.5 million. Netflix\\nsaid it was exploring an ad-supported version. Other streaming service\\ncompanies also saw their stocks slip along with Netflix. Disney slid 5% in the\\npremarket, Roku tumbled 6.7% and Warner Brothers Discovery lost 4.3%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/ukrainian-man-uses-find-my-feature-on-apple-airpods-to-track-russian-troops-526422/\\\">Ukrainian man uses 'Find My’ feature on Apple AirPods to track Russian troops</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"IBM (IBM)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topics/ibm/\\\">IBM</a> share rallied 2.7% in the premarket after reporting\\nan adjusted quarterly profit of $1.40 per share, 2 cents above estimates, with\\nrevenue above analyst forecasts. Strong hybrid cloud platform sales boosted\\nIBM's results. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Lululemon (LULU)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Lululemon jumped 2.2% in the premarket trading after the\\ngarment maker announced a five-year plan to double revenue. The plan emphasizes\\nincreasing international sales four times and doubling revenue from its men’s\\nand digital operations.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/world/lt-infotech-share-tanks-5-despite-reporting-positive-quarterly-results-520477/\\\">L&amp;T Infotech share tanks 5% despite reporting positive quarterly results</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Baker Hughes (BKR)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Baker Hughes stocks fell 2% in premarket action after\\noilfield services fell 5 cents short of analyst estimates with adjusted\\nquarterly earnings of 15 cents per share, and revenue also missed\\nforecasts.&nbsp; Baker Hughes said its results\\nreflected a volatile operating environment.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/world/shanghai-eases-covid-lockdown-allows-another-4-million-people-to-leave-homes-279872/\\\">Shanghai eases COVID lockdown, allows another 4 million people to leave homes</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Procter &amp; Gamble (PG)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The consumer products company gained 1.1% in premarket\\naction after a top and bottom-line beat. Procter &amp; Gamble beat analysts'\\nestimates by 4 cents with adjusted quarterly earnings of $1.33 per share and\\nrecorded its biggest sales gain in 20 years as demand for household products\\nremained high. Procter also raised its organic sales guidance.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Teva Pharmaceutical (TEVA)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Teva shares plunged 4.8% in premarket action after the\\nFDA rejected a new drug application for schizophrenia treatment. Teva said it\\nis researching possible next steps and will work with the FDA to address the\\nagency’s concerns.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/business/netflix-reports-subscriber-loss-in-q1-of-2022-first-time-in-a-decade-600239/\\\">Netflix reports subscriber loss first time in a decade in Q1 of 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Omnicom (OMC)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Omnicom shares added 3.7% in premarket action after\\nreporting a better-than-expected profit and revenue for its latest quarter. The\\nad agency operator took a $113.4 million charge relating to its investment in\\nRussian businesses.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/science/elon-musk-attempts-to-secure-funding-to-buy-twitter-report-186267/\\\">Elon Musk attempts to secure funding to buy Twitter: Report</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ASML (ASML)\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ASML shares surged 5.4% in the premarket after its latest\\nquarter beat analyst estimates on the top and bottom lines. The Amsterdam-based\\nsemiconductor equipment maker reported strong demand from chip makers trying to\\nramp up production. \"}}]}

<ul>
 <li>Netflix tumbled 26.8% in the premarket trading</li>
 <li>Other streaming service companies also saw their stocks slip</li>
 <li>IBM share rallied 2.7% after reporting an adjusted quarterly profit of $1.40 per share</li>
</ul>

US Premarket: Netflix, IBM and other stocks making biggest moves

Disney

Sucharita Ganguly

San Francisco, CA, USA

Okta Inc. whose authentication services are used to grant access to networks by organisations such as Fedex Corp and Moody's Corp, announced on Tuesday that it had been hacked and that some clients may have been affected. The breadth of the breach is still unknown, but it might have significant ramifications because Okta, based in San Francisco, manages access to hundreds of businesses' networks and applications. ,Also read: Russian cyberattack threat makes US state appoint security advisor,In a blog post, Chief Security Officer David Bradbury stated that hackers accessed a customer support engineer working for a third-party contractor's computer for five days in mid-January, adding that the potential impact to Okta customers is limited to the access that support engineers have. There are no corrective actions that need to be taken by our customers, he said. Nonetheless, Bradbury admitted that support engineers were able to assist consumers in resetting passwords and that some customers may have been impacted. He stated that the company was identifying and contacting them. Also read: Google discriminates against Black workers, claims lawsuit,The nature of that damage was unclear, and Okta did not respond immediately to an email asking how many businesses could be affected or how it squared with Okta's recommendation that customers did not need to take corrective action. In late afternoon trading, the company's shares were down 1.3 percent at $167.14, off earlier lows. Okta advertises itself as the identity provider for the internet and claims to have over 15,000 customers on its platform. It competes with Microsoft Corp, PingID, Duo, SecureAuth, and IBM in the provision of identity services such as single sign-on and multifactor authentication, which are used to allow users securely access online apps and websites. Also read: Joe Biden warns businesses against Russian cyberattacks, cites 'evolving' intel,Okta's announcement comes after a group of ransom-seeking hackers known as Lapsus$ posted a series of screenshots of Okta's internal interactions on their Telegram channel late on Monday. The group stated in an accompanying post that its focus was ONLY on Okta customers. Lapsus$ replied to Okta's statement on Tuesday by claiming that the firm was attempting to downplay the significance of the hack. Some outside observers were also unimpressed by Okta's answer. In my opinion, it looks like they're trying to downplay the attack as much as possible, going as far as directly contradicting themselves in their own statements, Bill Demirkapi, an independent security researcher, stated. ,Earlier this week, Dan Tentler, founder of cybersecurity consultancy Phobos Group, warned Reuters that Okta clients should be very vigilant right now. Also read: Russia kicks Meta out for 'extremist activity', WhatsApp stay secure,Lapsus$ is a newcomer to the crowded ransomware market, but it has already created a name for itself with high-profile hacks and attention-seeking activities. Earlier this year, the group took over the websites of Portuguese media conglomerate Impresa, tweeting the statement Lapsus$ is now the new President of Portugal from one of the newspaper's Twitter accounts. The hack was portrayed as an attack on press freedom by Impresa-owned media firms. Last month, the organisation published confidential material regarding the US chipmaker Nvidia Corp on the Internet.

{\"time\":1647986958817,\"strCount\":4517,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Okta Inc., whose authentication services are used to grant access to networks by organisations such as <a href=\\\"https://opoyi.com/usa/fedex-to-cut-up-to-6300-jobs-in-europe-after-tnt-takeover-353849/\\\">Fedex</a> Corp and Moody's Corp, announced on Tuesday that it had been <a href=\\\"https://opoyi.com/world/kremlin-websites-restored-after-being-reportedly-hacked-by-anonymous-398963/\\\">hacked</a> and that some clients may have been affected.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The breadth of the breach is still unknown, but it might have significant ramifications because Okta, based in <a href=\\\"https://opoyi.com/usa/san-francisco-police-used-old-rape-kit-dna-to-arrest-woman-in-property-crime-case-says-district-attorney-324821/\\\">San Francisco</a>, manages access to hundreds of businesses' networks and applications.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also read:&nbsp;<a href=\\\"https://opoyi.com/usa/russian-cyberattack-threat-makes-us-state-appoint-security-advisor-539263/\\\">Russian cyberattack threat makes US state appoint security advisor</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In a blog post, Chief Security Officer David Bradbury stated that hackers accessed a customer support engineer working for a third-party contractor's computer for five days in mid-January, adding that \\\"the potential impact to Okta customers is limited to the access that support engineers have.\\\"\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"There are no corrective actions that need to be taken by our customers,\\\" he said.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Nonetheless, Bradbury admitted that support engineers were able to assist consumers in resetting passwords and that some customers \\\"may have been impacted.\\\" He stated that the company was identifying and contacting them.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also read:&nbsp;<a href=\\\"https://opoyi.com/usa/google-discriminates-against-black-workers-claims-lawsuit-631905/\\\">Google discriminates against Black workers, claims lawsuit</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The nature of that damage was unclear, and Okta did not respond immediately to an email asking how many businesses could be affected or how it squared with Okta's recommendation that customers did not need to take corrective action.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In late afternoon trading, the company's shares were down 1.3 percent at $167.14, off earlier lows.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Okta advertises itself as the \\\"identity provider for the internet\\\" and claims to have over 15,000 customers on its platform.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"It competes with <a href=\\\"https://opoyi.com/business/microsoft-profits-up-21-giving-cushion-for-gaming-push-406757/\\\">Microsoft Corp</a>, PingID, Duo, SecureAuth, and <a href=\\\"https://opoyi.com/topics/ibm/\\\">IBM</a> in the provision of identity services such as single sign-on and multifactor authentication, which are used to allow users securely access online apps and websites.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also read:&nbsp;<a href=\\\"https://opoyi.com/world/joe-biden-warns-businesses-against-russian-cyberattacks-cites-evolving-intel-622128/\\\">Joe Biden warns businesses against Russian cyberattacks, cites 'evolving' intel</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Okta's announcement comes after a group of ransom-seeking hackers known as Lapsus$ posted a series of screenshots of Okta's internal interactions on their <a href=\\\"https://opoyi.com/topics/telegram/\\\">Telegram</a> channel late on Monday.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The group stated in an accompanying post that its focus was \\\"ONLY on Okta customers.\\\"\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Lapsus$ replied to Okta's statement on Tuesday by claiming that the firm was attempting to downplay the significance of the hack.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Some outside observers were also unimpressed by Okta's answer.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"In my opinion, it looks like they're trying to downplay the attack as much as possible, going as far as directly contradicting themselves in their own statements,\\\" Bill Demirkapi, an independent security researcher, stated.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Earlier this week, Dan Tentler, founder of cybersecurity consultancy Phobos Group, warned Reuters that Okta clients should \\\"be very vigilant right now.\\\"\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also read:&nbsp;<a href=\\\"https://opoyi.com/business/russia-kicks-meta-out-for-extremist-activity-whatsapp-stay-secure-535107/\\\">Russia kicks Meta out for 'extremist activity', WhatsApp stay secure</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Lapsus$ is a newcomer to the crowded ransomware market, but it has already created a name for itself with high-profile hacks and attention-seeking activities.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Earlier this year, the group took over the websites of <a href=\\\"https://opoyi.com/topics/portuguese/\\\">Portuguese</a> media conglomerate Impresa, tweeting the statement \\\"Lapsus$ is now the new President of Portugal\\\" from one of the newspaper's Twitter accounts. The hack was portrayed as an attack on press freedom by Impresa-owned media firms.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Last month, the organisation published confidential material regarding the <a href=\\\"https://opoyi.com/topics/us/\\\">US</a> chipmaker Nvidia Corp on the Internet.\"}}]}

<ul>
 <li>Okta Inc. announced on Tuesday that it had been hacked and that some clients may have been affected</li>
 <li>The breadth of the breach is still unknown, but it might have significant ramifications</li>
 <li>'There are no corrective actions that need to be taken by our customers,' Okta spokesperson said</li>
</ul>

Authentication firm Okta hit by hackers, customers 'may have been impacted'

Hacking

Technology

Telegram

Portuguese

Hackers

Portugal

SanFrancisco

Ajay Joseph

Washington D.C., DC, USA

The White House on Wednesday said that some of the country's leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defenses and to train skilled workers. This announcement came following President Joe Biden's private meeting with top executives.,The Associated Press reported that the Washington gathering was held during a relentless stretch of ransomware attacks that have targeted critical infrastructure and major corporations, as well as other illicit cyber operations that US authorities have linked to foreign hackers.,Joe Biden's administration has been urging the private sector to do its part to protect against those attacks. In public remarks before the meeting, Biden termed cybersecurity a core national security challenge for the United States.,Also read: Virgin Hyperloop releases new video, claims to connect cities at 670 mph,The reality is most of our critical infrastructure is owned and operated by the private sector, and the federal government can't meet this challenge alone, the Associated Press reported Biden as saying.,I've invited you all here today because you have the power, the capacity and the responsibility, I believe, to raise the bar on cybersecurity, Biden added.,The White House, after the meeting, announced that Google had committed to invest $10 billion in cybersecurity over the next five years, the money aimed at helping secure the software supply chain and expand zero-trust programs.,The administration has looked for ways to safeguard the government's supply chain following a massive Russian government cyberespionage campaign that exploited vulnerabilities and gave hackers access to the networks of the US government agencies and private companies.,Meanwhile, Microsoft has said that it would invest $20 billion in cybersecurity over the next five years and make available $150 million in technical services to help local governments upgrade their defenses.,Also read: Digital detox: Is it a magic trick for mental well-being?,IBM, on the other side, plans to train as many as 150,000 people in cybersecurity over three years. Apple said it would develop a new program to help strengthen the technology supply chain, and Amazon said it would offer to the public the same security awareness training it gives to employees.,Top executives of each of those companies were invited to Wednesday's meeting, as were financial industry executives and representatives from the energy, education and insurance sectors. A government initiative that at first supported the cybersecurity defenses of electric utilities has now been expanded to focus on natural gas pipelines, the White House said.,The meeting took place as Biden's national security team had been consumed by the troop withdrawal in Afghanistan and the chaotic evacuation of Americans and Afghan citizens. That it remained on the calendar indicates the administration regards cybersecurity as a major agenda item, with the administration official describing Wednesday's meeting as a “call to action.”,On Wednesday, President Joe Biden pointed to a summit with Russian President Vladimir Putin in June when he said he made clear his expectation that Russia take steps to rein in ransomware gangs because they know where (the hackers) are and who they are.

{\"time\":1629983493982,\"strCount\":3857,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"The White House on Wednesday said that some of the country's leading <a href=\\\"https://opoyi.com/wires/presstrustofindia/trimble-hosts-its-first-ever-inter-regional-india-and-middle-east-virtual-user-conference-147548/\\\">technology</a> companies have committed to investing billions of dollars to strengthen <a href=\\\"https://opoyi.com/wires/presstrustofindia/grameen-impact-ventures-makes-it-to-the-finals-of-mit-solve-digital-inclusion-challenge-123901/\\\">cybersecurity</a> defenses and to train skilled workers. This announcement came following President <a href=\\\"https://opoyi.com/world/january-6-committee-seeks-donald-trump-white-houses-records-475903/\\\">Joe Biden</a>'s private meeting with top executives.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Associated Press reported that the Washington gathering was held during a relentless stretch of ransomware attacks that have targeted critical infrastructure and major corporations, as well as other illicit cyber operations that US authorities have linked to foreign hackers.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Joe Biden's administration has been urging the private sector to do its part to protect against those attacks. In public remarks before the meeting, Biden termed cybersecurity a \\\"core national security challenge\\\" for the United States.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also read:&nbsp;<a href=\\\"https://opoyi.com/technology/virgin-hyperloop-releases-new-video-claims-to-connect-cities-at-670-mph-254244/\\\">Virgin Hyperloop releases new video, claims to connect cities at 670 mph</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"The reality is most of our critical infrastructure is owned and operated by the private sector, and the federal government can't meet this challenge alone,\\\" the Associated Press reported Biden as saying.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"I've invited you all here today because you have the power, the capacity and the responsibility, I believe, to raise the bar on cybersecurity,\\\" Biden added.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The White House, after the meeting, announced that Google had committed to invest $10 billion in cybersecurity over the next five years, the money aimed at helping secure the software supply chain and expand zero-trust programs.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The administration has looked for ways to safeguard the government's supply chain following a massive Russian government cyberespionage campaign that exploited vulnerabilities and gave hackers access to the networks of the US government agencies and private companies.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Meanwhile, Microsoft has said that it would invest $20 billion in cybersecurity over the next five years and make available $150 million in technical services to help local governments upgrade their defenses.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also read:&nbsp;<a href=\\\"https://opoyi.com/lifestyle/digital-detox-is-it-a-magic-trick-for-mental-well-being-242744/\\\">Digital detox: Is it a magic trick for mental well-being?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"IBM, on the other side, plans to train as many as 150,000 people in cybersecurity over three years. Apple said it would develop a new program to help strengthen the technology supply chain, and Amazon said it would offer to the public the same security awareness training it gives to employees.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"Top executives of each of those companies were invited to Wednesday's meeting, as were financial industry executives and representatives from the energy, education and insurance sectors. A government initiative that at first supported the cybersecurity defenses of electric utilities has now been expanded to focus on natural gas pipelines,\\\" the White House said.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The meeting took place as Biden's national security team had been consumed by the troop withdrawal in Afghanistan and the chaotic evacuation of Americans and Afghan citizens. That it remained on the calendar indicates the administration regards cybersecurity as a major agenda item, with the administration official describing Wednesday's meeting as a “call to action.”\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On Wednesday, President Joe Biden pointed to a summit with Russian President Vladimir Putin in June when he said he made clear his expectation that Russia take steps to rein in ransomware gangs because \\\"they know where (the hackers) are and who they are.\\\"\"}}]}

<ul>
 <li>Biden termed cybersecurity to "core national security challenge" for the United States</li>
 <li>Google has committed to invest $10 billion in cybersecurity over the next five years</li>
 <li>IBM plans to train as many as 150,000 people in cybersecurity over three years</li>
</ul>

From Google to Microsoft, tech giants pledge to invest in cybersecurity

TechNews

Google

Microsoft

WhiteHouse

JoeBiden

Sayantan Guha

New York, NY, USA

Following President Joe Biden assurances that the experienced inflation is <a href="https://opoyi.com/president-joe-biden-assures-us-inflation-is-expected-to-be-temporary">expected to be temporary</a>, Wall Street closed higher on Tuesday regaining lost grounds from the day before when fears surrounding price increase and the <a href="https://opoyi.com/covid-becoming-a-pandemic-of-the-unvaccinated-us-cdc-chief">surge of Delta COVID-19 variant cases</a> dragged the market to the worst session of the year.,Although the US economy is still grappling with a rocky recovery, those fears seemed to fly out of the window in Tuesday's broadly positive trading charts.,While the&nbsp;benchmark Dow Jones Industrial Average closed 1.6% higher at 34,511.99, the tech-rich Nasdaq Composite Index also gained 1.6% to finish at 14,498.87.,ALSO READ | <a href="https://opoyi.com/why-is-the-white-house-waging-war-against-social-media-platforms">Why is the White House waging war against social media platforms?</a>, The broad-based S&amp;P 500 climbed 1.5% to hit 4,323.06.,With the newest coronavirus strain continuing to spread and inflation remaining a concern, Peter Boockvar, a chief investment officer at Bleakley Advisory Group, said it was unclear what led equities to rebound, other than investors going to purchase shares at cheaper prices.,"I can't explain why we're freaked out about Delta one day and don't care the next," he said, according to AFP inputs.,Gains among equities were widespread, with companies in the travel industry that would benefit from a return to normalcy performing well.,Furthermore, Delta Air Lines gained 5.5%, American Airlines 8.4% and United Airlines 6.6% prior to reporting another quarterly loss but predicting profits returning in the second half of the year.,Computer hardware giants IBM finished 1.5% higher after reporting higher revenues for the second quarter in a row in results that topped analyst expectations.,Among other tech firms, Apple gained 2.6%, and <a href="https://opoyi.com/no-role-in-us-microsoft-hack-says-china">Microsoft</a> rose 0.8%.,Banks gained as bond yields rose slightly, with Bank of America closing 2.1% higher, Citigroup rising 1.9% and Wells Fargo finishing with a 4.2% increase.,Meanwhile, shares of streaming giant&nbsp;<a href="https://opoyi.com/meghan-markle-announces-animated-series-pearl-for-netflix">Netflix</a> slipped some three percent in after-market trades that followed the release of the earnings figures.,The global streaming leader said that it ended the second quarter with 209 million paid subscribers and revenue of $7.3 billion, some 19% higher than the same period a year earlier.

{\"time\":1626823817559,\"strCount\":2679,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Following President Joe Biden assurances that the experienced inflation is <a href=\\\"https://opoyi.com/usa/president-joe-biden-assures-us-inflation-is-expected-to-be-temporary-332120/\\\">expected to be temporary</a>, Wall Street closed higher on Tuesday regaining lost grounds from the day before when fears surrounding price increase and the <a href=\\\"https://opoyi.com/usa/covid-becoming-a-pandemic-of-the-unvaccinated-us-cdc-chief-191822/\\\">surge of Delta COVID-19 variant cases</a> dragged the market to the worst session of the year.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Although the US economy is still grappling with a rocky recovery, those fears seemed to fly out of the window in Tuesday's broadly positive trading charts.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"While the&nbsp;benchmark Dow Jones Industrial Average closed 1.6% higher at 34,511.99, the tech-rich Nasdaq Composite Index also gained 1.6% to finish at 14,498.87.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ALSO READ | <a href=\\\"https://opoyi.com/usa/why-is-the-white-house-waging-war-against-social-media-platforms-642080/\\\">Why is the White House waging war against social media platforms?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\" The broad-based S&amp;P 500 climbed 1.5% to hit 4,323.06.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"With the newest coronavirus strain continuing to spread and inflation remaining a concern, Peter Boockvar, a chief investment officer at Bleakley Advisory Group, said it was unclear what led equities to rebound, other than investors going to purchase shares at cheaper prices.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"I can't explain why we're freaked out about Delta one day and don't care the next,\\\" he said, according to AFP inputs.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Gains among equities were widespread, with companies in the travel industry that would benefit from a return to normalcy performing well.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Furthermore, Delta Air Lines gained 5.5%, American Airlines 8.4% and United Airlines 6.6% prior to reporting another quarterly loss but predicting profits returning in the second half of the year.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Computer hardware giants IBM finished 1.5% higher after reporting higher revenues for the second quarter in a row in results that topped analyst expectations.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Among other tech firms, Apple gained 2.6%, and <a href=\\\"https://opoyi.com/technology/no-role-in-us-microsoft-hack-says-china-402309/\\\">Microsoft</a> rose 0.8%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Banks gained as bond yields rose slightly, with Bank of America closing 2.1% higher, Citigroup rising 1.9% and Wells Fargo finishing with a 4.2% increase.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Meanwhile, shares of streaming giant&nbsp;<a href=\\\"https://opoyi.com/entertainment/meghan-markle-announces-animated-series-pearl-for-netflix-128504/\\\">Netflix</a> slipped some three percent in after-market trades that followed the release of the earnings figures.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The global streaming leader said that it ended the second quarter with 209 million paid subscribers and revenue of $7.3 billion, some 19% higher than the same period a year earlier.\"}}]}

<ul>
 <li>Dow Jones Industrial Average closed 1.6% higher at 34,511.99</li>
 <li>Nasdaq Composite Index gained 1.6% to finish at 14,498.87</li>
 <li>The broad-based S&amp;P 500 climbed 1.5% to hit 4,323.06</li>
</ul>

Wall Street buries fears around inflation and COVID surge to finish strong

Stocks

NewYork

Economy

Apple

US computer giant IBM soothed market jitters on Monday with better-than-expected results and a slight uptick in turnover after four quarters down.,Its stock rose 3.14% during electronic trading after the close of the New York Stock Exchange.,IBM raked in $17.7 billion in revenue in the first quarter of 2021, up 0.9% from last year at the same time.,ALSO READ | <a href="https://opoyi.com/sensex-tanks-883-pts-as-rising-covid-cases-spooks-market-nifty-below-14400-1">Sensex tanks 883 pts as rising COVID cases spooks market; Nifty below 14,400</a>,Its net profit, on the other hand, fell from $1.18 billion to $955 million.,Cloud computing, which has become the lifeblood of the company, posted revenue of $5.4 billion, slightly up.,This sector is notably driven by a hybrid cloud platform that allows customers to use a combination of their own private servers and so-called public storage space, such as that provided by external service providers like Amazon or Microsoft.,ALSO READ | <a href="https://opoyi.com/juventus-manchester-united-shares-jump-on-super-league-plans">Juventus, Manchester United shares jump on Super League plans</a>,In early February, IBM announced the acquisition of Taos, a company specializing in data migration and cloud platform management services. To focus on this sector, the group began last year hiving off its IT infrastructure management activities, to make it an independent listed company.,The operation is expected to be completed by the end of 2021.

{\"time\":1618883297420,\"strCount\":1507,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"US computer giant IBM soothed market jitters on Monday with better-than-expected results and a slight uptick in turnover after four quarters down.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Its stock rose 3.14% during electronic trading after the close of the New York Stock Exchange.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"IBM raked in $17.7 billion in revenue in the first quarter of 2021, up 0.9% from last year at the same time.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ALSO READ | <a href=\\\"https://opoyi.com/business/sensex-tanks-883-pts-as-rising-covid-cases-spooks-market-nifty-below-14400-363743/\\\">Sensex tanks 883 pts as rising COVID cases spooks market; Nifty below 14,400</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Its net profit, on the other hand, fell from $1.18 billion to $955 million.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Cloud computing, which has become the lifeblood of the company, posted revenue of $5.4 billion, slightly up.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"This sector is notably driven by a hybrid cloud platform that allows customers to use a combination of their own private servers and so-called public storage space, such as that provided by external service providers like Amazon or Microsoft.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ALSO READ | <a href=\\\"https://opoyi.com/india/juventus-manchester-united-shares-jump-on-super-league-plans-244628/\\\">Juventus, Manchester United shares jump on Super League plans</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In early February, IBM announced the acquisition of Taos, a company specializing in data migration and cloud platform management services. To focus on this sector, the group began last year hiving off its IT infrastructure management activities, to make it an independent listed company.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The operation is expected to be completed by the end of 2021.\"}}]}

<ul>
 <li>IBM stock rose 3.14% during electronic trading</li>
 <li>IBM raked in $17.7 billion in revenue in the first quarter of 2021</li>
 <li>However, its net profit fell from $1.18 billion to $955 million</li>
</ul>

IBM picks up in 2021 first quarter after jittery phase

IBM reported Monday that revenue slipped for the third consecutive quarter this year, causing shares to cede a little ground in after-market trades. The US technology veteran said it took in $17.6 billion during the three months that ended on September 30, compared to $18 billion in the same period a year earlier. Net income, however, was up slightly to $1.7 billion as the company trimmed costs, according to the earnings report. ,IBM shares were down 2.6% in after-market trades. The New York-based company spotlighted growth in its cloud computing business, which saw overall revenue climb some 19 percent to $6 billion.,"The strong performance of our cloud business, led by Red Hat, underscores the growing client adoption of our open hybrid cloud platform," said IBM chief executive Arvind Krishna.,IBM last year closed its $34 billion-deal to buy enterprise software company Red Hat.,The group recently unveiled a corporate reorganization to allow it to focus on cloud computing, spinning off its division for managed infrastructure. By separating its managed infrastructure services business, IBM is sharpening focus on its offerings in a "hybrid cloud" market valued at a trillion dollars, according to Krishna.,Hybrid cloud offerings combine data center capabilities tapped into online with private computer systems at businesses. The spin-off will create two separate, publicly traded firms by the end of 2021, according to IBM. ,The move positions IBM to ramp up competition in cloud computing against rivals such as Amazon, Microsoft and Google.

{\"time\":1603157375928,\"strCount\":1559,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"IBM reported Monday that revenue slipped for the third consecutive quarter this year, causing shares to cede a little ground in after-market trades. The US technology veteran said it took in $17.6 billion during the three months that ended on September 30, compared to $18 billion in the same period a year earlier. Net income, however, was up slightly to $1.7 billion as the company trimmed costs, according to the earnings report. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"IBM shares were down 2.6% in after-market trades. The New York-based company spotlighted growth in its cloud computing business, which saw overall revenue climb some 19 percent to $6 billion.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"The strong performance of our cloud business, led by Red Hat, underscores the growing client adoption of our open hybrid cloud platform,\\\" said IBM chief executive Arvind Krishna.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"IBM last year closed its $34 billion-deal to buy enterprise software company Red Hat.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The group recently unveiled a corporate reorganization to allow it to focus on cloud computing, spinning off its division for managed infrastructure. By separating its managed infrastructure services business, IBM is sharpening focus on its offerings in a \\\"hybrid cloud\\\" market valued at a trillion dollars, according to Krishna.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Hybrid cloud offerings combine data center capabilities tapped into online with private computer systems at businesses. The spin-off will create two separate, publicly traded firms by the end of 2021, according to IBM. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The move positions IBM to ramp up competition in cloud computing against rivals such as Amazon, Microsoft and Google.\"}}]}

Chandandeep Kour

<ul>
 <li>IBM took in $17.6 billion during the three months that ended on September 30</li>
 <li>IBM shares were down 2.6% in after-market trades</li>
 <li>Net income, however, was up slightly to $1.7 billion</li>
</ul>

#IBM