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Stocks bounce as oil recovery boosts energy; Fed meeting eyed

U.S. stocks closed about 1 percent higher as investors cheered some recovery in oil prices, amid mixed earnings and the beginning of the Fed meeting.
Source: CNBC.com | By: Evelyn Cheng
UPDATE 1-Diesel engine maker Cummins' quarterly profit, revenue rise

July 28- Shares of Cummins Inc rose almost 4 percent after the diesel engine maker reported a rise in quarterly revenue, boosted by distributor acquisitions in North America and stronger demand in truck and bus markets. Cummins' revenue from North America jumped 12 percent in the quarter, while international sales fell by 6 percent, dragged lower by a weak...
Source: Reuters
Diesel engine maker Cummins' revenue rises on N America demand

July 28- Diesel engines maker Cummins Inc reported a 4 percent rise in quarterly revenue, helped by higher demand in North America. The company's revenue from North America jumped 12 percent in the second quarter ended June 28. Net income attributable to Cummins rose to $471 million, or $2.62 per share, from $446 million, or $2.43 per share, a year earlier.
Source: Reuters
Cummins beats Street 2Q forecasts

COLUMBUS, Ind. _ Cummins Inc. on Tuesday reported second-quarter net income of $471 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.55 per share. Eight analysts surveyed by Zacks expected $4.98 billion.
Source: The Associated Press
Despite bounce, stocks have further to correct - strategists

U.S. stocks have some powerful negatives tugging at them, not the least of which are the Shanghai "panda bear" market and a global commodities rout.
Source: CNBC.com | By: Patti Domm
Dow closes near 6-month low amid China, commodity slide

U.S. stocks closed lower under pressure from an overnight plunge in the Shanghai Composite and a continued decline in commodities.
Source: CNBC.com | By: Evelyn Cheng
Minefield for market with Fed, earnings, commodities

The Fed meets next week, but a commodities meltdown and earnings season are adding to concerns about global growth and may steal some of its thunder.
Source: CNBC.com | By: Patti Domm
Runway project to close central Indiana airport for 8 days

Columbus Municipal Airport will be closed close from Aug. 2 until Aug. 10. The 9 inches of asphalt where the runways intersect is deteriorating, so it will be replaced by 10 inches of concrete that is expected to last 30 to 40 years, airport Director Brian Payne told The Republic. Columbus- based engine maker Cummins Inc. will to have its corporate planes use...
Source: The Associated Press
Early movers: BLK, BAC, PRNA, DAL, LNKD & more

These are the stocks posting the largest moves before the bell.
Source: CNBC.com | By: Peter Schacknow
After-hours buzz: Yum, CSX, Celgene & more

Check out the companies making headlines after the bell Tuesday: Yum, CSX, Celgene & more.
Source: CNBC.com | By: Karma Allen