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Most Stocks Climb Over Falling Oil And Strong Earnings. But Chipmakers Continue To Drop
['Demian Bio']
International Business Times
Most stocks climbed on Tuesday, buoyed by falling oil prices and strong corporate earnings.
The tech-heavy Nasdaq Composite fell 0.22% after software stocks rose, offsetting continued losses from chipmakers.
Oil prices fell further as a result of the absence of hostilities between the U.S. and Iran around the Strait of Hormuz.
Reuters noted that the company's value stood at $5.036 trillion after reaching a session high of $342.89.
The company is expected to provide information about the impact of global chip shortages, which led the company to raise prices in June.