The major U.S. indices came down from their session highs but closed Tuesday's session in the green across the board, pushing the across the board winning streak to four days.
The Dow Jones Industrial Average rose 0.57%, or 142 points to 24,919, while the Nasdaq climbed 0.04%, or 3 points to 7,759 after spending some time in the red Tuesday afternoon, and the S&P 500 gained 0.35%, or 10 points to 2,794.
Jet.com to Start Same-Day Grocery Delivery in New York
Jet will open a fulfillment center in the Bronx in the fall to facilitate the same-day deliveries.
Fellow rival Target (TGT) already offers same-day product deliveries, not just groceries, to certain parts of New York City.
JM Smucker to Sell Pillsbury Bread Business
J.M. Smucker (SJM) is selling its Pillsbury brand to private equity firm Brynwood Partners for $375 million.
Smucker CEO Mark Smucker said that selling the business will help the company focus on bolstering its pet food, coffee and snack offerings.
"While the decision to divest these brands was difficult, it underscores our commitment to allocating resources toward those areas of the business critical to our growth," Smucker said.
Morgan Stanley May Have Just Revealed the Shortlist for CEO Contenders
Morgan Stanley (MS) announced that it is giving expanded roles to two company executives, possibly hinting at the bank's CEO succession plans.
Ted Pick, Morgan Stanley's trading chief, and the person most associated with the CEO succession, will now also oversee investment banking. Franck Petitgas was promoted to run Morgan Stanley's international business.
Susie Huang will take over Petitgas' former position as head of investment banking.
Judge Upholds $10 Billion Diesel Judgement Against Volkswagen
Volkswagen (VLKAY) has to pay the $10 billion judgment that was levied against the company by U.S. officials after it was discovered that the company used software cheating technology that hid how much diesel exhaust its vehicles discharged.
A three-judge panel at the U.S. Ninth Circuit Court of Appeals upheld the settlement between Volkswagen and the owners of the cheating vehicles.
The ruling was for owners of the approximately 475,000 2.0-Liter cars with the offending software. The company agreed to pay compensation between $5,100 and $10,000 for each vehicle.
Netflix Wants to Make Your Binge Addiction Worse
Netflix (NFLX) wants to make it easier for you to take your shows on the go by launching smart downloads that automatically download show episodes on your mobile device to watch offline.
The feature only works, however, if you are connected to the internet via WiFi.
The "smart downloads" feature is now available for Android devices and automatically replaces old episodes when it downloads a new one.
Netflix shares were down 0.44% Tuesday morning.
Southwest Airlines to Ditch Peanuts in August
Southwest Airlines (LUV) will not only no longer offer free peanuts on its flights, they won't be serving peanuts at all.
"Peanuts forever will be part of Southwest's history and DNA," the airline told TravelSkills. "However, to ensure the best on-board experience for everyone, including customers with peanut-related allergies, we've made the difficult decision to discontinue serving peanuts on all flights beginning August 1."
The company says that it hopes to be inclusive of all its passengers, including those with peanut allergies.
Paper Straws Cost About 10 Times More Than Plastic Straws
Being green costs a lot of green.
Paper straws are about 10 times more expensive than plastic ones, Adam Merran, CEO of food service products company PacknWood, told CNBC Tuesday.
PacknWood, which distributes paper straws, estimates that a single straw costs about two and a half cents, compared to plastic straws which cost about half a cent.
"You go from something that is very, very, very cheap, to something that is still actually cheap," Merran said.
Starbucks (SBUX) recently announced that it will go without single-use plastic straws by 2020.
U.S. futures were rising ahead of the opening bell, indicating that the sharp rally that the major indices experienced in Monday's session would at least bleed over into the early session Tuesday, July 10.
Dow futures were gaining 0.28%, indicating an open 70 points higher, while S&P futures rose 0.23%, indicating an open 7 points higher and Nasdaq futures were up 0.34%, indicating an open 25 points higher.
Asian markets were also showing strength with the Shanghai Composite rising 0.44% and the Nikkei climbing 0.66%. The Hang Seng fell 0.02%.
European markets were climbing across the board, with the FTSE 100 rising 0.2%, the DAX climbed 0.76% and the CAC 40 gained 0.7%.