U.S. stocks traded higher this morning, with the Nasdaq Composite surging more than 300 points on Tuesday. President Donald Trump announced the extension of the 50% tariffs on Sunday till July 9, which he had initially announced on Friday.
Following the market opening Tuesday, the Dow traded up 0.95% to 41,997.56 while the NASDAQ surged 1.78% to 19,070.48. The S&P 500 also rose, gaining, 1.33% to 5,879.93.
Check This Out: Jim Cramer Says Rocket Is A ‘Very Fine’ Company, Recommends Buying This Health Care Stock
Leading and Lagging Sectors
Consumer discretionary shares jumped by 2% on Tuesday.
In trading on Tuesday, consumer staples stocks rose by just 0.3%.
Top Headline
AutoZone, Inc. AZO reported weaker-than-expected third-quarter earnings.
The company reported earnings per share of $35.36, missing the analyst consensus estimate of $37.17. Quarterly sales of $4.46 billion (+5.4% year over year) outpaced the street view of $4.35 billion. The company reported a 3.2% growth in same-store sales on strength in the domestic segment.
Equities Trading UP
- SharpLink Gaming, Inc. SBET shares shot up 411% to $34.33 after the company announced a $425 million private placement, where it will use the proceeds to adopt an Ethereum treasury strategy.
- Shares of E-Home Household Service Holdings Limited EJH got a boost, surging 98% to $0.1995.
- SCWorx Corp. WORX shares were also up, gaining 63% to $0.6567.
Equities Trading DOWN
- Rocket Pharmaceuticals, Inc. RCKT shares dropped 57% to $2.67 after the company reported a patient death in its Phase 2 trial of RP-A501 and voluntarily paused further dosing.
- Shares of NeuroPace, Inc. NPCE were down 36% to $11.25 after the company announced preliminary results from one-year data in NAUTILUS study.
- Savara Inc. SVRA was down, falling 29% to $2.0099 after the company announced it received a refusal to file letter from the FDA for its biologics license application.
Commodities
In commodity news, oil traded down 1% to $60.93 while gold traded down 2.3% at $3,287.30.
Silver traded down 1.5% to $33.12 on Tuesday, while copper fell 1.3% to $4.7720.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.3%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 gained 0.7%, Germany's DAX 40 rose 0.7% and France's CAC 40 fell 0.1% during the session.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei gaining 0.51%, Hong Kong's Hang Seng Index rising 0.43%, China's Shanghai Composite Index falling 0.18% and India's BSE Sensex falling 0.76%.
Economics
- The S&P CoreLogic Case-Shiller Home Price Index increased 4.1% year-over-year in March, following a 4.5% gain in February.
- The FHFA house price index declined by 0.1% in March versus market estimates of a 0.1% increase.
- New orders for manufactured goods dipped by 6.3% to $296.3 billion in April, recording the sharpest decline since Jan. 2024.
Now Read This:
Photo via Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.