U.S. stocks traded higher this morning, with the Dow Jones index gaining around 300 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.57% to 52,137.20 while the NASDAQ climbed 0.69% to 25,685.34. The S&P 500 also rose, gaining, 0.44% to 7,476.18.
Leading and Lagging Sectors
Information technology shares jumped by 1.2% on Tuesday.
In trading on Tuesday, consumer staples stocks fell by 0.7%.
Top Headline
General Motors (NYSE:GM) reported better-than-expected second-quarter financial results and raised its FY26 adjusted EPS guidance with its midpoint above estimates.
General Motors reported quarterly earnings of $3.57 per share which beat the analyst consensus estimate of $3.20 per share. The company reported quarterly sales of $48.026 billion which beat the analyst consensus estimate of $47.011 billion.
Equities Trading UP
- Vivakor inc (NASDAQ:VIVK) shares shot up 292% to $6.79. Vivakor expanded recurring crude oil marketing programs to $709 million in annualized commercial activity.
- Shares of Smart Logistics Global Ltd (NASDAQ:SLGB) got a boost, surging 100% to $1.02.
- Utz Brands Inc (NYSE:UTZ) shares were also up, gaining 89% to $14.07 after the company announced that Intersnack Group will acquire all Utz Class A common stock for $14.25 per share in cash.
Equities Trading DOWN
- LI Bang International Corporation Inc (NASDAQ:LBGJ) shares dropped 67% to $0.073.
- Shares of Zhengye Biotechnology Holding Ltd (NASDAQ:ZYBT) were down 54% to $3.68.
- QumulusAI Inc (NASDAQ:QMLS) was down, falling 37% to $6.00. The company recently announced the purchase of 1,632 NVIDIA Blackwell B300 GPUs to meet accelerating customer demand for high-performance AI compute.
Commodities
In commodity news, oil traded up 2.4% to $85.24 while gold traded up 1.1% at $4,059.50.
Silver traded up 3.1% to $58.845 on Tuesday, while copper rose 2.7% to $6.5105.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.1%, while Spain’s IBEX 35 Index rose 0.4% London’s FTSE 100 rose 0.2%, Germany’s DAX gained 0.1%, while France’s CAC 40 slipped 0.3%.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 3.26%, Hong Kong’s Hang Seng index falling 0.04%, China’s Shanghai Composite rising 1.79% and India’s BSE Sensex falling 0.31%.
Economics
U.S. Redbook Index rose by 7.8% year-over-year in the week ending July 18.
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