--- title: "Crude Oil Down Over 5%; McDonald's Earnings Top Views" type: "News" locale: "en" url: "https://longbridge.com/en/news/294852918.md" description: "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." datetime: "2026-08-04T16:55:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294852918.md) - [en](https://longbridge.com/en/news/294852918.md) - [zh-HK](https://longbridge.com/zh-HK/news/294852918.md) --- # Crude Oil Down Over 5%; McDonald's Earnings Top Views 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. _Photo via Shutterstock_ ### Related Stocks - [CLPT.US](https://longbridge.com/en/quote/CLPT.US.md) - [BETRW.US](https://longbridge.com/en/quote/BETRW.US.md) - [AHCO.US](https://longbridge.com/en/quote/AHCO.US.md) - [BLZE.US](https://longbridge.com/en/quote/BLZE.US.md) - [MOVE.US](https://longbridge.com/en/quote/MOVE.US.md) - [MCD.US](https://longbridge.com/en/quote/MCD.US.md) - [IBTA.US](https://longbridge.com/en/quote/IBTA.US.md) - [BETR.US](https://longbridge.com/en/quote/BETR.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [SIVR.US](https://longbridge.com/en/quote/SIVR.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [SLV.US](https://longbridge.com/en/quote/SLV.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [AGQ.US](https://longbridge.com/en/quote/AGQ.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [PSLV.US](https://longbridge.com/en/quote/PSLV.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [SLVO.US](https://longbridge.com/en/quote/SLVO.US.md) - [ZSL.US](https://longbridge.com/en/quote/ZSL.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GLL.US](https://longbridge.com/en/quote/GLL.US.md) - [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) ## Related News & Research - [Precious metals climb on tame July inflation](https://longbridge.com/en/news/295699643.md) - [4-Oil set for weekly gains after US threatens indefinite blockade of Iran](https://longbridge.com/en/news/295923118.md) - [Oil steadies after US threatens indefinite blockade of Iran](https://longbridge.com/en/news/295876144.md) - [Are innovative beverages enough to turn McDonald's around?](https://longbridge.com/en/news/295899787.md) - [W.Africa Crude - Nigerian offers steady](https://longbridge.com/en/news/295432536.md)