Wall Street steadies as chipmakers recover; Paramount-Warner Bros deal halted
Wall Street steadied Tuesday as chipmakers trimmed losses, with the S&P 500 rising 0.2 percent and Nvidia gaining 0.9 percent. A federal judge temporarily halted Paramount's $110 billion acquisition of Warner Bros, citing likely antitrust violations. Australia's sharemarket is set to fall 0.4 percent at open. Investors await earnings reports from major AI spenders including Alphabet on Wednesday.
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Published 20 Jul 2026, 19:19 UTC · Updated 20 Jul 2026, 19:20 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections