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Blue Apron Holdings Inc. shares fell 1.3% late Tuesday after the company announced that co-founder Matthew Wadiak is stepping down as its chief operating officer. Wadiak will transition to serve as a senior adviser to the company, Blue Apron said in a statement. The announcement comes less than a month after the prepared-meal company’s shares started trading on the New York Stock Exchange. The company’s executive-suite shake-up also included the promotion of Tim Smith, currently Blue Apron’s vice president of supply chain, to senior vice president and general manager for consumer products, a newly created role and team, the company said. His team “will lead the company’s ongoing work to deliver more flexible, diverse, and personalized experiences for Blue Apron’s customers, building off its existing product portfolio,” the company said. Smith will report to Chief Executive Matt Salzberg. Shares of Blue Apron ended the regular trading day up 1.2%.

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Oil prices topped $48 a barrel late Tuesday after the American Petroleum Institute reported that U.S. crude supplies dropped 10.2 million barrels for the week ended July 21, according to sources. The API data also showed a rise of 1.9 million barrels in gasoline supplies, while inventories of distillates were down 111,000 barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 2.5 million barrels in crude inventories. September crude was at $48.46 a barrel in electronic trading, up from the contract’s settlement of $47.89 on the New York Mercantile Exchange.

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U.S Steel Corp. shares soared in the extended session Tuesday after the steel maker’s quarterly results topped Wall Street estimates. U.S. Steel shares rallied 10% to $26.90 after hours. The company reported second-quarter earnings of $1.48 a share on revenue of $3.14 billion. Analysts surveyed by FactSet had estimated earnings of 36 cents a share on revenue of $2.98 billion. U.S. Steel expects full-year earnings of $1.70 a share, while analysts estimate earnings of 84 cents a share.

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Shares of Amgen Inc. fell late Tuesday after the company beat per-share earnings expectations and sales forecasts but provided 2017 guidance on the low end of forecasts. The company said it earned $2.2 billion, or $2.91 a share, in the second quarter, compared with $1.9 billion, or $2.47 a share, in the year-ago period. Adjusted for one-time items, Amgen reported per-share earnings of $3.27, “driven by higher operating margins,” it said in a statement. Revenues rose 2% to $5.8 billion, from $5.7 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $3.11 a share on sales of $5.7 billion. Shares ended the regular session down 0.1%. Amgen also tweaked its 2017 earnings guidance to between $10.79 a share and $11.37 a share and between $12.15 a share and $12.65 a share adjusted. Sales guidance was revised to a range of $22.5 billion and $23 billion. The analysts surveyed by FactSet had expected adjusted 2017 EPS of $12.49 on sales of $22.7 billion for the year.

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The Dow Jones Industrial Average was enjoying a 100-point gain, powered by powerful rallies in Caterpillar Inc., and McDonald’s Corp., even as a tumble in 3M Co. was exacting a mighty toll from the blue-chip gauge. Shares of 3M Co. were slashing about 80 points from the Dow and putting the maker of Post-it Notes, Scotch tape and Ace bandages on pace to book its worst-ever price daily decline, off $11.37, or 5.4%, according to FactSet Data. That historic drop, however was more than offset by surges in shares of McDonald’s and Caterpillar . The pair of Dow components, which both reported quarterly results that beat Wall Street’s estimates, were contributing 95 points to the average’s gains . Shares of McDonald’s were on pace for their best dollar gain since Oct. 2015, adding more than 50 points to the price-weighted Dow, while a rally in industrial giant Caterpillar’s stock was adding about 40 points to the blue-chip indicator, with its best daily climb since Nov. 9 in sight. Overall, the Dow was up 0.5%, the S&P 500 index was gaining 0.3% and the Nasdaq Composite Index was on track to end the session little changed.

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Dick’s Sporting Goods Inc. was downgraded to peer perform at Wolfe Research on Tuesday based on concerns about the shift to e-commerce from bricks-and-mortar retail. “Given the challenging reads through the first half of 2017, we believe any share gain potential will largely be eroded away by current oversupply, with too many goods chasing too little demand,” analysts led by Adrienne Yih wrote. There’s also “limited evidence” that Dick’s is snapping up market share from competitors that are leaving the sector, the note said. “We believe Dick’s is susceptible to severe deleverage and leaves us skeptical of further store openings beyond the current outlined plans,” the note said, with Yih adding that Dick’s is “sacrificing gross margin for comp” in an effort to price competitively. Dick’s shares are up 1.6% in Tuesday trading, but down nearly 33% for the year so far. The S&P 500 index is up 10.7% for 2017 to date.

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Oil prices rallied Tuesday to notch their largest one-day dollar and percentage gain since December, according to FactSet data. Prices found support on the back of news Monday that Saudi Arabia plans to cut its crude exports and Nigeria agreed to limit its production. Expectations for a slowdown in U.S. production, after Anadarko Petroleum Corp. cut its full-year spending budget, also contributed to price gains. September WTI crude rose $1.55, or 3.3%, to settle $47.89 a barrel on the New York Mercantile Exchange.

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The Securities and Exchange Commission announced a whistleblower award to a federal employee of almost $2.5 million on Tuesday. The government employee, who the SEC did not name, became aware of improper conduct by a company, which the regulator is also barred by law from naming, and provided original information to the SEC that resulted in an enforcement action. Employees of a federal, state, or local government agency can be eligible for an award under the Dodd-Frank whistleblower program, subject to limited exceptions. The SEC’s announcement emphasized that in reporting the misconduct to the SEC, the employee did not bypass any potential responsibilities of his or her employer to investigate or otherwise take action regarding the alleged misconduct.

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BB&T Corp. said Tuesday it is raising its quarterly common stock cash dividend by 3 cents to 33 cents a share. The new dividend will be paid Sept. 1 to shareholders of record as of Aug. 11. Shares have gained 0.6% in 2017, while the S&P 500 has gained 10%.

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