Ticker: Weis reports slight boost in revenue in Q2

The day’s business news at a glance

Weis Markets Inc. on Tuesday reported earnings of $22.9 million in its second quarter, compared to $25.28 million in 2025, a 9.6% decrease.

On a per-share basis, the Sunbury, Pennsylvania-based company said it had net income of 92 cents. The food retailer posted revenue of $1.27 billion in the period, compared to $1.22 billion for the same period in 2025, a 4.6% increase.

Prudential beats expectations in Q2

Prudential Financial Inc. on Tuesday reported second-quarter net income of $985 million. The Newark, New Jersey-based company said it had profit of $2.80 per share. Earnings, adjusted for non-recurring costs, were $4.08 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.47 per share. The financial services company posted revenue of $14.16 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $14.15 billion.

BP income fuels stock increase in Q2

BP PLC on Tuesday reported second-quarter net income of $3.91 billion. On a per-share basis, the London-based company said it had net income of $1.47. Earnings, adjusted for non-recurring costs, came to $2.22 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share. The oil and gas company posted revenue of $70.11 billion in the period. BP shares have climbed 27% since the beginning of the year. The stock has risen 39% in the last 12 months.

US stocks hit records as profits keep piling up

The U.S. stock market rallied to records as companies kept piling up profits and oil prices eased. The S&P 500 shot up 1.8% Tuesday, and the main measure of Wall Street's health topped its prior all-time high set in June.

The Dow Jones Industrial Average added 1.7% to its own record set the day before, and the Nasdaq composite jumped 2.6%. Palantir Technologies and Caterpillar helped lead the way after becoming the latest companies to deliver stronger profits for the spring than expected. Brent crude fell below $80 per barrel, which helped Treasury yields ease in the bond market.

SpaceX posts loss in first public report

SpaceX reported a smaller loss than Wall Street expected along with a surge in revenue in its first quarterly report as a public company as it sharply boosted spending, particularly on artificial intelligence. The company run by Elon Musk posted a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had forecast.

Musk will field questions from investors and financial analysts later Tuesday on a conference call. Stock in the rocket, satellite and AI company has fallen by roughly half since its June peak following a massive initial public offering that briefly made Musk the world's first trillionaire.

US job openings slip to 7.4M, but labor resilient

U.S. job openings fell slightly in June, but the labor market continued to show resilience in the face of an economic shock from the fighting in Iran. The Labor Department said that employers posted 7.36 million vacancies in June, down from 7.54 million in May. The numbers were in line with economists' expectations. Layoffs were little-changed at 1.8 million, and the number of people quitting their jobs -- a sign of confidence in their prospects -- rose slightly.