U.S. indices ended the session in the red (Dow Jones -0.6%, S&P500 -0.77%, Nasdaq -1.05%%) after the previous day's rebound on the New York Stock Exchange, as fears about the U.S. economic outlook tended to abate.

The markets seemed to come to their senses on Tuesday, with many analysts taking a reassuring view of last Friday's U.S. employment report, which caused a wave of panic.

Michael Strobaek, Global CIO at Lombard Odier, commented: "Despite the slowdown in the jobs market, both the US economy and consumers are doing rather well in our view, and the risks of recession seem limited.

"Stock markets could stabilize over the next few weeks, but we expect volatility to remain high. The Swiss franc is likely to remain underpinned by demand for safe havens', he warns.

In other stock news, Walt Disney raised its full-year EPS guidance again, now expecting it to grow by 30%, 'on the strength of a solid third-quarter 2023-24 performance and its balanced portfolio of assets'.

Conversely, CVS Health has lowered its EPS and cash flow from operations targets for 2024, due to 'continued pressure in its health care benefits segment, partly offset by a strong performance in its other segments'.

Warner Bros Discovery reports net income of $141 million for the third quarter of its fiscal year (i.e. April-May-June), up 14% year-on-year. At the same time, adjusted EBITDA rose by 6% to $316 million.

Ralph Lauren reported net sales of $1,512 million for the 1st quarter of its 24/25 fiscal year (i.e., April-May-June 2024), a figure that reflects the stability of business compared to the same period a year earlier ($1,496 million). EBIT came in at $208 million, up 25%, with net profit coming in at $168 million, up 27% year-on-year.

Finally, Airbnb reported Q2 2024 net profit of $555 million on Tuesday evening, along with adjusted EBITDA up 9% to $894 million, representing a margin of 33%, and free cash flow up 16% to $1 billion.

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