S&P 500 Recovers Half of Monday Losses After Cooler June CPI Report

The S&P 500 rose Tuesday and recovered about half of Monday's losses after a June consumer price index report came in cooler than anticipated, CNBC reported. Traders reduced expectations for a Federal Reserve rate hike at the late-July policy meeting following the data. U.S.

Oil benchmark WTI crude briefly topped $80 a barrel. President Donald Trump stated that the planned 20% reimbursement fee on cargo shipments through the Strait of Hormuz will be replaced with investment deals with Gulf states. IBM released weaker-than-expected preliminary second-quarter earnings.

IBM CEO Arvind Krishna stated that customer buying patterns were impacted by clients shifting spending toward tech hardware such as servers, storage, and memory ahead of indicated price increases. Krishna added that clients were "distracted" with cybersecurity concerns. HCA Healthcare announced preliminary second-quarter results and cut its full-year earnings-per-share outlook.

The hospital operator reported an increase in uninsured patient volumes from individuals who lost coverage on health insurance exchanges and weaker-than-expected surgical volumes in the second quarter. Nvidia shares rose 4%. U.S.

Under Secretary of Commerce for Industry and Security Jeffrey Kessler stated Tuesday that a "trivial" number of Nvidia H200 chips have shipped to China. Boeing delivered 171 jets in the second quarter of 2026 and 64 jets in June. The company brought online its fourth 737 MAX assembly line at its Everett, Washington factory last week and plans to increase 737 MAX output from 42 jets per month to 47 jets per month, then to 52 jets per month in 2027.

Johnson & Johnson announced the separation of its orthopaedics business in October 2025 with a targeted completion timeline of 18 to 24 months. Medical devices account for about 36% of the company's total revenue.