• Shares of *DuPont de Nemours Inc.* fell 2.7% after the specialty materials and chemicals company reported second-quarter profit and sales that beat expectations but provided a downbeat third-quarter outlook, citing foreign currency headwinds and unplanned downtime at a Virginia site.
• *JetBlue Airways Corp.* fell 6.4% after the airline reported a larger loss than analysts had been expecting.
• *Sabre Corp.* shares rose 9% after the online travel company posted a smaller-than-expected second-quarter loss and said it believes the travel recovery is on a long-term uptrend.
• Hotel operator *Marriott International Inc.* beat estimates for the second quarter and offered upbeat guidance. Still, shares slid 0.8%.
• Shares of U.S. defense companies *Raytheon Technologies Corp, Lockheed Martin Corp , Northrop Grumman Corp and L3Harris Technologies Inc* rallied for much of the session, ending with gains between 0.5% and 2.3%. The United States is Taiwan's main supporter and arms supplier.
China’s benchmark Shanghai Composite ended 2.3% lower, while the Hang Seng Index shed 2.4% in Hong Kong and Japan’s Nikkei 225 declined 1.4%.
European markets on Tuesday pulled back slightly, tracking risk-off sentiment globally as investors assess whether last month’s rally has further to run.
U.K. oil giant BP boosted its dividend as it posted bumper second-quarter profits, benefitting from a surge in commodity prices. Second-quarter underlying replacement cost profit, used as a proxy for net profit, came in at $8.5 billion. BP shares climbed nearly 3% on the news.
*What to watch this week:*
• St. Louis Fed President James Bullard due to speak, Tuesday
• OPEC+ meeting on output, Wednesday
• US factory orders, durable goods, ISM services, Wednesday
• BOE rate decision, Thursday
• US initial jobless claims, trade, Thursday
• Cleveland Fed President Loretta Mester due to speak, Thursday
• US employment report for July, Friday
*Currencies*
# The Bloomberg Dollar Spot Index rose 0.8%
# The euro fell 0.9% to $1.0170
# The British pound fell 0.7% to $1.2168
# The Japanese yen fell 1.1% to 133.09 per dollar
*Bonds*
# The yield on 10-year Treasuries advanced 19 basis points to 2.76%
# Germany’s 10-year yield advanced four basis points to 0.82%
# Britain’s 10-year yield advanced six basis points to 1.87%
*Commodities*
# West Texas Intermediate crude rose 0.4% to $94.27 a barrel
# Gold futures fell 0.5% to $1,778.70 an ounce
By: via @AlliesFin Serve Stock Market
