Major stock indexes close lower in anticipation of mega-cap tech earnings

Finance Liveblog Highlights

In today’s financial news, we saw some significant movements in the S&P 500 index. Here are the major movers for Tuesday:

**Decliners:**
1. **United Parcel Service (UPS)**: UPS shares plunged 12.1% after the company’s second-quarter sales and profits fell short of expectations. Factors like softness in freight demand and pricing issues contributed to the weak performance.
2. **Paccar (PCAR)**: PCAR shares dropped 11.0% as the company’s second-quarter profits declined year over year and fell short of analyst forecasts.
3. **A.O. Smith (AOS)**: AOS shares slipped 9.4% due to softness in the real estate market and elevated steel prices affecting the water heater and boiler manufacturer.

**Advancers:**
1. **Pentair (PNR)**: PNR shares jumped 9.0% after the water treatment company exceeded analysts’ estimates with its second-quarter results and boosted its guidance for the third quarter.
2. **MSCI (MSCI)**: MSCI shares soared 7.9% as the firm reported better-than-expected sales and profits for the second quarter.

Additionally, other notable stories from today’s financial market include NXP Semiconductors tumbling on weak guidance, Spotify surging on strong earnings, interest in small-caps continuing to surge, GE Aerospace jumping on strong earnings, the launch of spot Ether ETFs, and UPS shares hitting a 4-year low after disappointing earnings.

It’s been a day of mixed movements in the market as investors react to company earnings and economic outlooks. Stay tuned for more updates on the financial front.

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