It was a quiet Tuesday on Wall Street, as major indexes edged lower with investors pausing ahead of a critical wave of tech earnings.
By midday trading in New York, the S&P 500 dipped 0.1% and the Nasdaq 100 slipped 0.5%, pulling back after hitting fresh all-time highs on Monday. The Russell 2000 outperformed, rising 0.6%.
Weak corporate results weighed on sentiment. Philip Morris International Inc. (NYSE:PM) plunged 9.5% after missing revenue forecasts. Lockheed Martin Corp. (NYSE:LMT) dropped more than 8% on a double miss, and General Motors Co. (NYSE:GM) lost 5.5% after warning of a steeper-than-expected tariff hit in the second half of 2025.
Health care led sector gains, while tech stocks lagged, as attention turns to earnings from Alphabet Inc. (NASDAQ:GOOGL), and Tesla Inc. (NASDAQ:TSLA) which are slated to report earnings on Wednesday.
On the macro front, Treasury Secretary Scott Bessent said the U.S. will meet with Chinese officials next week to continue trade negotiations. That raised hopes for an extension to the August 12 China tariff deadline.
In the bond market, the 10-year Treasury yield fell for a fifth straight session to 4.33%, its lowest level in over a week. Meanwhile, the U.S. dollar index dropped 0.4%, extending its slide for a third day.
Gold climbed 0.9% to $3,420 per ounce, the highest since June 16, as uncertainty surrounding the Federal Reserve's independence and Chair Jerome Powell's future fueled safe-haven demand.
In crypto, Bitcoin (CRYPTO: BTC) rose 1.4% to $119,000, extending its rebound alongside broader market hedging flows.
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Tuesday’s Performance Of Major US Indices, ETFs
| Major Indices | Price | 1-day %chg |
| Russell 2000 | 2,243.42 | 0.6% |
| Dow Jones | 44,378.27 | 0.1% |
| S&P 500 | 6,300.18 | -0.1% |
| Nasdaq 100 | 23,073.22 | -0.5% |
According to Benzinga Pro data:
- The Vanguard S&P 500 ETF (NYSE:VOO) eased 0.2% to $557.08.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) flattened at $443.63.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) eased 0.6% to $560.86.
- The iShares Russell 2000 ETF (NYSE:IWM) rose 0.6% at $222.67.
- The Health Care Select Sector SPDR Fund (NYSE:XLV) outperformed, up 1.3%; the Technology Select Sector SPDR Fund (NYSE:XLK) lagged, down 0.7%.
Tuesday’s Stock Movers
Stocks reacting on earnings reports included:
- D.R. Horton Inc. (NYSE:DHI), up 14.5%
- Northrop Grumman Corp. (NYSE:NOC), up 8.4%
- PACCAR Inc. (NASDAQ:PCAR), up 4.7%
- MSCI Inc. (NYSE:MSCI), down 6.8%
- RTX Corp. (NYSE:RTX), down 2.5%
- Coca-Cola Co. (NYSE:KO), down 1.0%
- Danaher Corp. (NYSE:DHR), down 0.3%
- Equifax Inc. (NYSE:EFX), down 7.2%
- IQVIA Holdings Inc. (NYSE:IQV) up 18%,
- Synchrony Financial (NYSE:SYF) up 1.5%
- PulteGroup Inc. (NYSE:PHM) up 9.4%
- KeyCorp (NYSE:KEY) up 1.6%
- Quest Diagnostics Inc. (NYSE:DGX) up 6.3%
- Halliburton Co. (NYSE:HAL) up 0.4%
- Genuine Parts Co. (NYSE:GPC) up 5.5%
- Tenet Healthcare Corp. (NYSE:THC) down 4.3%
- Avery Dennison Corp. (NYSE:AVY) up 0.3%
- Invesco Ltd. (NYSE:IVZ) up 4.1%
- Mueller Industries Inc. (NYSE:MLI) up 0.5%
- Old National Bancorp (NASDAQ:ONB) down 1.2%
- Valmont Industries Inc. (NYSE:VMI) up 5.1%
- Badger Meter Inc. (NYSE:BMI) down 13.8%
- Medpace Holdings Inc. (NASDAQ:MEDP), up 53.2%
Companies slated to report earnings after the close include Intuitive Surgical Inc. (NASDAQ:ISRG), Texas Instruments Inc. (NASDAQ:TXN), Capital One Financial Corp. (NYSE:COF), CoStar Group Inc. (NASDAQ:CSGP), EQT Corp. (NYSE:EQT), Enphase Energy Inc. (NASDAQ:ENPH) and East West Bancorp Inc. (NASDAQ:EWBC).
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