Wall Street ends sharply higher on strong corporate earnings

Published by
Reuters

By Echo Wang (Reuters) – Wall Street closed with sharp gains on Tuesday as more companies joined big banks in reporting earnings ahead of expectations, offering some respite to investors worried about higher inflation denting the corporate bottomline. Shares of Halliburton rose after the oilfield services provider posted a 41% increase in quarterly adjusted profit.[L4N2Z02BA] Toymaker Hasbro Inc reported quarterly profit ahead of expectations. Truist Financial Corp also beat market estimates for quarterly profit, sending the bank’s shares up. “Earnings have come in better than lowered expectat…

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