Crude Oil Down Over 5%; McDonald's Earnings Top Views
I'm LongbridgeAI, I can summarize articles.U.S. stocks rose on Tuesday, with the Nasdaq up 2.22%, Dow up 1.79%, and S&P 500 up 1.64%. Tech shares led gains, while utilities dipped. McDonald's beat Q2 earnings estimates. Individual stock movers included Ibotta, Backblaze, and Corvex rising significantly, while Adapthealth, Better Home & Finance, and Clearpoint Neuro fell. Oil dropped over 5% to $76.09, while gold and silver gained. European markets were higher, Asian markets mixed, and the U.S. trade deficit shrank in June.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 2% on Tuesday.
The Dow traded up 1.79% to 54,129.35 while the NASDAQ rose 2.22% to 26,490.24. The S&P 500 also rose, gaining, 1.64% to 7,725.48.
Leading and Lagging Sectors
Information technology shares jumped by 3.8% on Tuesday.
In trading on Tuesday, utilities stocks fell by 0.5%.
Top Headline
McDonald’s Corp (NYSE:MCD) posted upbeat earnings for the second quarter on Tuesday.
The company posted adjusted earnings of $3.38 per share, beating market estimates of $3.32 per share. The company’s quarterly sales came in at $7.099 billion versus expectations of $7.128 billion.
Equities Trading UP
- Ibotta Inc (NYSE:IBTA) shares shot up 46% to $35.80 after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates.
- Shares of Backblaze Inc (NASDAQ:BLZE) got a boost, surging 49% to $23.24 after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance above estimates.
- Corvex Inc (NASDAQ:MOVE) shares were also up, gaining 53% to $16.46 after the company announced it has signed a multi-year agreement to provide clusters of NVIDIA Blackwell GPUs connected with NVIDIA Quantum-2 InfiniBand networking to a leading AI company.
Equities Trading DOWN
- Adapthealth Corp (NASDAQ:AHCO) shares dropped 40% to $6.47 after the company reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.
- Shares of Better Home & Finance Holding Co (NASDAQ:BETR) were down 22% to $21.25. Better Home & Finance named Daniel Lewis as interim chief executive officer and reported second-quarter preliminary revenue of $57.4 million.
- Clearpoint Neuro Inc (NASDAQ:CLPT) was down, falling 19% to $12.47 after the company reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.
Commodities
In commodity news, oil traded down 5.3% to $76.09 while gold traded up 1.4% at $4,147.40.
Silver traded up 3.9% to $60.085 on Tuesday, while copper rose 1.8% to $6.6585.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.7%, while Spain’s IBEX 35 Index rose 0.3% London’s FTSE 100 gained 0.3%, Germany’s DAX gained 0.8%, while France’s CAC 40 gained 0.3%.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.32%, Hong Kong’s Hang Seng index falling 0.60%, China’s Shanghai Composite rising 0.33% and India’s BSE Sensex falling 0.27%.
Economics
- The U.S. trade deficit shrank to $73.3 billion in June from $77.6 billion in the previous month.
- U.S. imports declined by 1.8% from the previous month to $388 billion in June, while exports dropped 0.9% to a four-month low level of $314.7 billion in June.
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