U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.15% to 44,160.53 while the NASDAQ declined 0.42% to 20,284.31. The S&P 500 also fell, dropping, 0.21% to 6,192.43.
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Leading and Lagging Sectors
Consumer staples shares jumped by 0.7% on Tuesday.
In trading on Tuesday, energy stocks fell by 0.7%.
Top Headline
MSC Industrial Direct Co. Inc. (NYSE:MSM) posted better-than-expected financial results for its fiscal third quarter of 2025.
Net sales slipped 0.8% year over year to $971.1 million but edged past the consensus estimate of $970.23 million. The company reported adjusted earnings per share of $1.08, down 18.8% year over year, topping analysts' expectations of $1.03.
Equities Trading UP
- BioNexus Gene Lab Corp. (NASDAQ:BGLC) shares shot up 225% to $10.09 after gaining 12% on Monday.
- Shares of Wolfspeed, Inc. (NYSE:WOLF) got a boost, surging 149% to $0.9934 after the company initiated its pre-packaged restructuring process.
- ClearOne, Inc. (NASDAQ:CLRO) shares were also up, gaining 98% to $11.60. The company announced it will issue a one-time special stock dividend on July 18.
Equities Trading DOWN
- Oragenics, Inc. (NYSE:OGEN) shares dropped 58% to $1.6194 after the company announced a $20 million public offering of preferred stock and warrants.
- Shares of Sonim Technologies, Inc (NASDAQ:SONM) were down 47% to $0.6450 after the company announced the pricing of a $5.55 million offering of 7,400,000 shares at $0.75 per share.
- Globavend Holdings Limited (NASDAQ:GVH) was down, falling 45% to $0.0641.
Commodities
In commodity news, oil traded up 0.5% to $65.42 while gold traded up 1.6% at $3,359.80.
Silver traded up 1.1% to $36.555 on Tuesday, while copper rose 1.9% to $5.1775.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.4%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 fell 0.1%, Germany's DAX 40 declined 0.6% and France's CAC 40 slipped 0.4% during the session.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei dipping 1.24%, China's Shanghai Composite gaining 0.39% and India's BSE Sensex gaining 0.11%.
Economics
- The S&P Global manufacturing PMI climbed to 52.9 in June compared to 52 in the previous month, and initial market estimates of 51.
- The number of job quits increased by 78,000 to 3.293 million in May compared to the revised 3.215 million in the previous month.
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