U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 1% on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.77% to 51,175.86 while the NASDAQ rose 0.97% to 26,182.78. The S&P 500 also rose, gaining, 0.83% to 7,467.30.

Leading and Lagging Sectors

Consumer discretionary shares jumped by 1.5% on Tuesday.

In trading on Tuesday, energy stocks fell by 0.9%.

Top Headline

United Natural Foods (NYSE:UNFI) reported downbeat earnings for the third quarter on Tuesday.

The company posted quarterly earnings of 77 cents per share which missed the analyst consensus estimate of 78 cents per share. The company reported quarterly sales of $7.723 billion which missed the analyst consensus estimate of $7.803 billion.

United Natural Foods narrowed its FY2026 adjusted EPS guidance from $2.30-$2.70 to $2.40-$2.60 and narrowed sales guidance from $31.000 billion-$31.400 billion to $31.100 billion-$31.300 billion.

Equities Trading UP
           

  • CCSC Technology International Hldngs Ltd (NASDAQ:CCTG) shares shot up 910% to $4.84.
  • Shares of Autozi Internet Technology (Global) Ltd (NASDAQ:AZI) got a boost, surging 364% to $5.24.
  • Ambitions Enterprise Management Co LLC (NASDAQ:AHMA) shares were also up, gaining 298% to $4.30.

Equities Trading DOWN

  • Park Ha Biological Technology Co Ltd (NASDAQ:BYAH) shares dropped 48% to $1.39.
  • Shares of Texxon Holding Ltd (NASDAQ:NPT) were down 39% to $3.00.
  • SmartKem Inc (NASDAQ:SMTK) was down, falling 37% to $0.53.

Commodities

In commodity news, oil traded down 1.9% to $89.58 while gold traded down 0.1% at $4,361.60.

Silver traded up 0.1% to $68.630 on Tuesday, while copper rose 1.2% to $6.4250.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.7%, while Spain’s IBEX 35 Index rose 1.3%. London’s FTSE 100 fell 0.1%, Germany’s DAX gained 0.6%, while France’s CAC 40 climbed 0.9%.

Asia Pacific Markets

Asian markets closed mostly higher on Tuesday, with Japan’s Nikkei 225 surging 2.17%, Hong Kong’s Hang Seng Index declining 0.37%, China’s Shanghai Composite gaining 1.28% and India’s BSE Sensex rising 0.54%.

Economics

  • Imports into the U.S. surged by 2.0% month-over-month to $383.0 billion in April, while exports increased 2.6% to a record $327.1 billion.
  • The U.S. trade deficit shrank to $55.9 billion in April versus a revised $56.6 billion in the previous month, compared to market estimates of $56.1 billion.
  • The ADP said U.S. private employers added an average of 29,000 jobs per week during the four weeks ending May 23.

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