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Abbott Laboratories fell after the company reduced full-year guidance due to the Exact Sciences acquisition and faced litigation concerns related to infant formula, overshadowing strong medical devices and pharma results.
Coca-Cola reported second-quarter earnings and revenue exceeding Wall Street expectations, raising its full-year forecast, with CEO crediting World Cup marketing for boosting demand across its beverage brands.
Boeing reported a wider-than-expected second-quarter loss as costs from its delayed Air Force One program mounted, though the planemaker increased production and revenue.
Alphabet’s announcement of increased capital expenditure sparked a market selloff, with investors now scrutinizing whether massive infrastructure spending by tech giants will deliver adequate returns.
Fast-fashion retailer Shein disclosed in Hong Kong IPO documents that it faces an ongoing Federal Trade Commission investigation, though the company did not specify the probe’s subject matter.
Ford raised its 2026 earnings forecast after beating second-quarter expectations, citing operational improvements and resilient pricing. The company expects adjusted earnings before interest and taxes of $10 billion to $11 billion.
