Wall Street Flips to Less Loved Stocks

An AP News article

Most of Wall Street rose Tuesday, even as stocks of computer chipmakers continued to tumble worldwide. Oil prices, meanwhile, eased further from the two-month high they hit last week.

The S&P 500 added 0.2%, but the modest move masked big swings underneath the surface. The Dow Jones Industrial Average jumped 537 points, or 1%, while the Nasdaq composite slipped 0.2% after briefly dropping 9.3% below its record set last month.

The majority of the U.S. market rose after more companies delivered stronger profits for the spring than analysts expected. Coca-Cola climbed 5% after its revenue rose 7% despite what CEO Henrique Braun called “a dynamic consumer landscape.”

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