Good morning, you're listening to Markets Desk.
UPS delivered a beat on Wall Street's second-quarter expectations this morning and raised its full-year guidance, a signal that the package giant sees resilient demand ahead despite ongoing macro uncertainty. The stock is moving higher on the news, offering a rare dose of confidence from the logistics sector.
Turning to the broader tape, the so-called picks and shovels trade in AI hardware took a serious hit Tuesday after reports emerged that China has developed the capability to manufacture DUV lithography machines domestically. That threatens the near-monopoly Western chipmakers and equipment suppliers have held, and Asian markets sold off sharply in response, rattling semiconductor names across the board.
And with earnings season in full swing, all eyes are now on Coca-Cola, which is set to report results imminently. The stock has climbed nineteen percent this year, comfortably outpacing the broader S and P five hundred, and investors will be watching closely for any commentary on consumer spending resilience and the impact of currency headwinds on its global revenue base.
That's the tape. Markets Desk, signing off the floor.
