U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 200 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.39% to 53,261.78 while the NASDAQ fell 0.52% to 25,985.50. The S&P 500 also fell, dropping, 0.09% to 7,530.71.
Leading and Lagging Sectors
Health care shares jumped by 1.8% on Tuesday.
In trading on Tuesday, information technology stocks fell by 1.7%.
Top Headline
The U.S. trade deficit rose to $77.6 billion in May versus a revised $54.6 billion gap in April, compared to market estimates of a $78.5 billion shortfall. The latest gap was the largest since March 2025, with imports rising 3.3% to $395.3 billion.
Equities Trading UP
- Crinetics Pharmaceuticals Inc (NASDAQ:CRNX) shares shot up 99% to $83.52 after the company announced it will be acquired by Vertex Pharmaceuticals.
- Shares of DigitalOcean Holdings Inc (NYSE:DOCN) got a boost, surging 9% to $143.30 r after the company announced it expects a year-over-year increase in second-quarter revenue growth results. Also, the company expects to be at or above the top end of the range of its previously provided guidance for EBITDA margin and non-GAAP net income per share.
- Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) shares were also up, gaining 61% to $2.93 after the company announced several capital restructuring initiatives. The plan includes Founder and CEO Soon Huat Lim’s proposal to convert about $8 million of debt into restricted Class B shares.
Equities Trading DOWN
- Lianhe Sowell International Group Ltd (NASDAQ:LHSW) shares dropped 36% to $4.32.
- Shares of Splash Beverage Group Inc (NYSE:SBEV) were down 29% to $0.15 after the company entered into an exclusive global licensing agreement with Argent BioPharma Limited for CannEpil, a proprietary, patent protected cannabinoid-based investigational therapeutic approved for the treatment of drug-resistant epilepsy in multiple European countries.
- UTime Ltd (NASDAQ:FXHO) was down, falling 31% to $13.48.
Commodities
In commodity news, oil traded up 0.7% to $69.01 while gold traded down 0.3% at $4,156.60.
Silver traded down 1.4% to $61.440 on Tuesday, while copper fell 0.1% to $6.2290.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 fell 0.2%, while Spain’s IBEX 35 Index rose 0.1%. London’s FTSE 100 rose 0.3%, Germany’s DAX declined 0.7%, while France’s CAC 40 gained 0.2%.
Asia Pacific Markets
Asian markets closed lower on Tuesday, with Japan’s Nikkei 225 falling 2.12%, Hong Kong’s Hang Seng index falling 0.51%, China’s Shanghai Composite slipping 1.26% and India’s BSE Sensex declining 0.13%.
Economics
- The Logistics Manager’s Index rose to 71.1 in June from 69.5 in the previous month, recording the strongest growth since March 2022.
- The U.S. trade deficit rose to $77.6 billion in May versus a revised $54.6 billion gap in April, compared to market estimates of a $78.5 billion shortfall. The latest gap was the largest since March 2025, with imports rising 3.3% to $395.3 billion.
Photo via Shutterstock
Login to comment