Markets

Industrial metals, including copper and lead, are on track to mark their worst monthly performance since 2012, according to S&P Dow Jones Indices.

Estee Lauder Cos. said late Tuesday it will introduce additional measures as part of its restructuring effort that will result in charges of $89.7 million. The beauty products company earlier this month announced it will cut its workforce by up to 1,200 positions in line with its plan to streamline operations. At the time, the company had estimated restructuring costs of $600 million to $700 million. Shares of Estee Lauder were flat in after hours after gaining 1.6% to $92.14 during the regular session.

Shares of Hewlett Packard Enterprise soared 10% after the company said late Tuesday that it will spin off its enterprise services unit and merge it with CSC . The union will create a "a pure-play, global IT services powerhouse," said HP Enterprise in a statement. CSC Chief Executive Mike Lawrie will become the chairman, president and CEO of the new entity and Meg Whitman will join the board. Once the deal is finalized by March, shareholders of HP Enterprise will own a 50% stake in the newly created company. Separately, Hewlett Packard Enterprise reported second-quarter earnings of $320 million, or 18 cents a share, from $305 million, or 16 cents a share, a year earlier. Year-ago results are calculated as if the company was already independent then. On an adjusted basis, HP Enterprise would have earned 42 cents a share. Revenue grew 1% to $12.7 billion. Analysts surveyed by FactSet had projected earnings of 42 cents a share on revenue of $12.34 billion. For the current quarter, the company projected adjusted EPS of 42 cents to 46 cents. CSC shares surged 23% on the news. [Updated with CSC stock move.]

Dow Jones Industrial Average closed higher Tuesday as a rally in financial and technology shares underpinned a sharp, broad-based stock-market advance.

Gabriela Santos, global market strategist for JPMorgan Asset Management, says emerging markets are back at crisis-level valuations. Here's the buy signal she's looking for.

Treasury prices tumbled Tuesday, pushing yields in short-term maturities to their highest level since March 15, as investors continued to sell U.S. government debt in anticipation of a potential interest-rate increase as soon as next month.