The largest U.S. oil company reported record annual earnings of $55.7 billion for 2022 on Tuesday, outpacing big banks, tech giants and vaccine makers.

After early pre-orders for Sony's PlayStation VR2 headset disappointed, the company has dramatically reduced its projections for the initial launch of the product. This signals little improvement for the hyped-but-unproven virtual reality sector.

Baidu Inc., a Chinese company, has seen its stock rise by 1.88%.

The stock market has had a strong start to the year, with the Dow, Nasdaq Composite, and S&P 500 all rising.

Last year, a strong dollar put pressure on earnings for many multinational firms. But in recent months, the dollar has weakened, providing some relief for companies that do business overseas.