U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 350 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.70% to 52,573.32 while the NASDAQ declined 0.69% to 24,759.18. The S&P 500 also fell, dropping, 0.09% to 7,406.76.

Leading and Lagging Sectors

Consumer staples shares jumped by 3.1% on Tuesday.

In trading on Tuesday, information technology stocks fell by 1.7%.

Top Headline

Coca-Cola Co (NYSE:KO) shares gained around 6% on Tuesday after the company reported better-than-expected second-quarter financial results and raised its FY26 EPS guidance.

Coca-Cola reported quarterly earnings of 97 cents per share which beat the analyst consensus estimate of 93 cents per share. The company reported quarterly sales of $13.400 billion which beat the analyst consensus estimate of $13.162 billion.

Equities Trading UP
           

  • C3is Inc (NASDAQ:CISS) shares shot up 66% to $0.18. C3is shares dipped 80% on Monday after the company priced a $6 million underwritten public offering.
  • Shares of INLIF Ltd (NASDAQ:INLF) got a boost, surging 74% to $5.72.
  • Wearable Devices Ltd (NASDAQ:WLDS) shares were also up, gaining 47% to $4.69.

Equities Trading DOWN

  • Sunpower Inc (NASDAQ:SPWR) shares dropped 38% to $0.30 after the company reported preliminary second-quarter results.
  • Shares of Enlivex Ltd (NASDAQ:ENLV) were down 38% to $2.64 after announcing a $400,000,000 private placement.
  • AiRWA Inc (NASDAQ:YYAI) was down, falling 41% to $1.77. The company recently announced that it has entered into a definitive agreement to acquire Hongkong Best Life Trade Co.

Commodities

In commodity news, oil traded down 2.2% to $80.80 while gold traded down 1.2% at $4,029.10.

Silver traded down 2% to $57.53 on Tuesday, while copper fell 0.9% to $6.3205.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index slipped 0.1% London’s FTSE 100 rose 0.3%, Germany’s DAX fell 0.1%, while France’s CAC 40 gained 0.1%.

Asia Pacific Markets

Asian markets closed mostly lower on Tuesday, with Japan’s Nikkei 225 dipping 3.95%, Hong Kong’s Hang Seng index surging 0.41%, China’s Shanghai Composite declining 1.16% and India’s BSE Sensex slipping 0.09%.

Economics

  • The FHFA house price index rose 0.3% month-over-month in May, compared to a 0.1% decline in April.
  • The U.S. goods trade deficit shrank to $101.5 billion in June versus a 14-month high of $105.9 billion in the previous month.
  • U.S. wholesale inventories increased 0.3% month-over-month to $945.9 billion in June, in-line with the revised 0.3% gain in May and higher than market estimates of a 0.2% gain.

Photo via Shutterstock