Shares of Halliburton rose after the oilfield services provider posted a 41% increase in quarterly adjusted profit.Truist Financial Corp also beat market estimates for quarterly profit, sending the bank’s shares up.
“So we’re not seeing the bite of tighter monetary policy and inflation impacting revenue as much as feared.”The healthcare giant reported profit and sales that exceeded expectations but cut its earnings outlook for the year due to a soaring US currency. The US dollar marked its third straight day of declines as markets reduced the odds of a full percentage-point Federal Reserve rate hike this month.
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