Nasdaq gains 0.49% as Bank of America earnings beat views

1 min read     Updated on 14 Jul 2026, 11:24 PM
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Reviewed by
Shraddha JScanX News Team
AI Summary

U.S. stocks rose, led by the Nasdaq Composite's 0.49% gain to 25,998.70. Bank of America drove sentiment with Q2 earnings of $1.21 per share and sales of $31.558 billion, both exceeding expectations. Materials shares jumped 1.5%, while health care stocks fell 1.4%.

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U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Tuesday. The index rose 0.49% to 25,998.70, while the Dow traded up 0.18% to 52,590.84 and the S&P 500 gained 0.26% to 7,534.77. The positive market open was accompanied by better-than-expected earnings results from major financial institutions.

Market Performance

The following table summarizes the performance of major indices at the market open:

Index Level Change (%)
Nasdaq Composite 25,998.70 +0.49%
Dow 52,590.84 +0.18%
S&P 500 7,534.77 +0.26%

Sector Performance

Sector performance was mixed during the session. Materials shares jumped by 1.5%, leading the gains. Conversely, health care stocks fell by 1.4%, acting as a drag on the broader market.

Bank of America Earnings

Bank of America reported better-than-expected earnings for the second quarter on Tuesday. The company posted quarterly earnings of $1.21 per share, which beat the analyst consensus estimate of $1.13 per share. Quarterly sales came in at $31.558 billion, surpassing the analyst consensus estimate of $30.746 billion.

Commodities and Global Markets

In commodity news, oil traded up 2.2% to $79.84, while gold traded up 0.8% at $4,036.30. Silver rose 2.8% to $59.605, and copper increased 2.1% to $6.4135.

European shares were lower, with the STOXX 600 declining 0.5%. Asian markets closed mostly higher, with Japan’s Nikkei 225 gaining 0.74% and China’s Shanghai Composite surging 1.36%.

How will the strong earnings from Bank of America influence expectations for the remaining financial sector reports this season?

What factors are driving the divergence between the surging materials sector and the lagging health care stocks?

Can the rally in oil prices be sustained given current global supply and demand dynamics?

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Nasdaq short interest rises to 22.68 billion shares in June

1 min read     Updated on 11 Jul 2026, 03:58 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Short interest in all Nasdaq securities totaled 22,681,247,549 shares at the June 30, 2026 settlement date, compared with 21,949,236,630 shares in the prior period. The figure represents 1.64 days of average daily volume, down from 2.06 days previously.

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Short interest in all Nasdaq securities totaled 22,681,247,549 shares at the June 30, 2026 settlement date, an increase from 21,949,236,630 shares reported for the prior period. The data covers 5,461 Nasdaq securities, compared with 5,423 issues in the previous reporting period. This represents 1.64 days of average daily volume, a decrease from the 2.06 days average recorded in the prior period.

Market Breakdown

The Nasdaq Global Market reported short interest of 18,453,725,441 shares across 3,804 securities as of June 30, 2026. This compares with 17,903,270,409 shares in 3,764 issues for the prior settlement date of June 15, 2026. The short interest for this segment represents 2.45 days of coverage, down from 2.79 days in the previous reporting period.

Short interest in the Nasdaq Capital Market stood at 4,227,522,108 shares for 1,657 securities at the end of the June 30 settlement date. This is higher than the 4,045,966,221 shares reported across 1,659 securities in the previous period. The average daily volume for this segment was 1 day, unchanged from the prior reporting period.

Market Segment Settlement Date Securities Count Short Interest (Shares) Days to Cover
Nasdaq Global Market June 30, 2026 3,804 18,453,725,441 2.45
Nasdaq Global Market June 15, 2026 3,764 17,903,270,409 2.79
Nasdaq Capital Market June 30, 2026 1,657 4,227,522,108 1.00
Nasdaq Capital Market Prior Period 1,659 4,045,966,221 1.00
Total Nasdaq June 30, 2026 5,461 22,681,247,549 1.64
Total Nasdaq Prior Period 5,423 21,949,236,630 2.06

Methodology

The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker or dealers, regardless of their exchange affiliations. A short sale is generally defined as the sale of a security that the seller does not own, or any sale consummated by the delivery of a security borrowed by or for the account of the seller.

What factors are driving the increase in total short interest despite the decrease in days to cover?

How might the divergence in short interest trends between the Nasdaq Global Market and Capital Market impact future volatility?

Could the decline in days to cover indicate a potential shift in market sentiment or trading volume patterns?

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