Oil futures bounced modestly Tuesday, finding support after the Energy Department said it was seeking to buy 3 million barrels of crude to help replenish the Strategic Petroleum Reserve.
D.R. Horton, the largest U.S. homebuilder by market cap, on Tuesday reported earnings well below estimates as it said interest rates were keeping buyers on the sidelines and forcing the company to provide more incentives.
The Boeing Co. said Tuesday it will raise almost $21 billion from the capital raise announced Monday through public offerings of common stock and depositary shares, more than the roughly $19 billion initially mooted.
HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.