U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 150 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.33% to 52,882.93 while the NASDAQ fell 0.61% to 25,962.20. The S&P 500 also fell, dropping, 0.24% to 7,518.98.

Leading and Lagging Sectors

Consumer staples shares jumped by 1.8% on Tuesday.

In trading on Tuesday, information technology stocks fell by 2.1%.

Top Headline

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.

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 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 50% to $2.73 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

  • Rivian Automotive Inc (NASDAQ:RIVN) shares dropped 13% to $17.42 after the company announced an offering of 75 million shares.
  • Shares of Splash Beverage Group Inc (NYSE:SBEV) were down 25% to $0.16 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.
  • Ultra Clean Holdings Inc (NASDAQ:UCTT) was down, falling 11% to $94.29. Ultra Clean Holdings said it will release its second quarter financial results on Monday, Aug. 3.

Commodities

In commodity news, oil traded up 2.7% to $70.43 while gold traded up 0.4% at $4,182.50.

Silver traded down 0.4% to $62.095 on Tuesday, while copper rose 0.5% to $6.2640.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index rose 0.5%. London’s FTSE 100 rose 0.7%, Germany’s DAX declined 0.8%, while France’s CAC 40 gained 0.1%.

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.

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