U.S. stock benchmarks finished the session in positive territory on Tuesday, with the S&P 500 and the Nasdaq Composite posting the larger gains while the Dow Jones Industrial Average was practically flat.
At the New York Stock Exchange close, the Dow rose 0.02%. The S&P 500 increased 0.38%, and the Nasdaq Composite climbed 0.90%. Market breadth differed between the exchanges: on the NYSE, advancers outnumbered decliners 1,574 to 1,143, with 95 issues unchanged; on the Nasdaq, 1,736 issues fell while 1,631 advanced and 194 were unchanged.
Large-cap winners and laggards
On the Dow Jones Industrial Average, the session's strongest performer was Goldman Sachs Group Inc (NYSE:GS), which rose 9.16% - gaining 95.83 points to finish at 1,141.74. NVIDIA Corporation (NASDAQ:NVDA) added 4.06% - up 8.27 points to close at 211.80 - and JPMorgan Chase & Co (NYSE:JPM) advanced 2.50%, or 8.36 points, to end at 342.89.
The biggest decliner on the Dow was International Business Machines (NYSE:IBM), which fell 25.21% - a drop of 73.18 points - to settle at 217.05. Merck & Company Inc (NYSE:MRK) declined 2.60% to 120.80, and Salesforce Inc (NYSE:CRM) lost 2.14% to close at 167.56.
S&P 500 movers
Among S&P 500 components, CrowdStrike Holdings Inc (NASDAQ:CRWD) led the gainers with a 12.12% rise to 210.68. Goldman Sachs Group Inc (NYSE:GS) and Dell Technologies Inc (NYSE:DELL) were also among the top performers, with Dell up 7.13% to finish at 457.57.
The largest S&P 500 declines came from International Business Machines (NYSE:IBM), which was down 25.21% to 217.05, Biogen Inc (NASDAQ:BIIB) which fell 8.27% to 191.75, and HCA Holdings Inc (NYSE:HCA) which lost 6.95% to end at 363.60.
Notable activity on the Nasdaq Composite
Smaller-cap and heavily traded Nasdaq names produced some of the most extreme percentage moves. YXT.Com Group Holding Ltd ADR (NASDAQ:YXT) surged 1,041.18% to 3.88. NextCure Inc (NASDAQ:NXTC) climbed 201.83% to 6.58, and CN Energy Group Inc (NASDAQ:CNEY) gained 56.35% to close at 0.75.
Conversely, Leslies Inc (NASDAQ:LESL) tumbled 41.07% to 3.30, STAK Inc (NASDAQ:STAK) dropped 40.13% to 2.23, and Fast Track Group (NASDAQ:FTRK) lost 27.50% to end at 0.43.
Record highs and volatility
CrowdStrike Holdings Inc (NASDAQ:CRWD) rose to an all-time high, closing at 210.68 after a 12.12% rise. Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co (NYSE:JPM) likewise reached all-time highs in the session, with Goldman Sachs closing at 1,141.74 and JPMorgan at 342.89.
The CBOE Volatility Index, a gauge of implied volatility for S&P 500 options, fell 3.85% to 16.50.
Commodities and currencies
Precious metals and energy futures moved higher. Gold futures for August delivery rose 1.35%, an increase of 54.00, to $4,059.70 a troy ounce. U.S. crude oil for August delivery increased 2.46% or $1.92 to $80.06 a barrel, while the September Brent contract advanced 2.80% or $2.33 to $85.63 a barrel.
In foreign exchange, EUR/USD was little changed at approximately 1.14, while USD/JPY fell 0.10% to 162.24. The U.S. Dollar Index Futures declined 0.30% to 100.74.
Session snapshot
The trading day combined steady benchmark advances with pronounced single-stock volatility: major indices moved higher led by technology and energy-related names, even as a number of individual large-cap and small-cap issues recorded sharp losses or gains. Market participants also saw movement in commodity and currency markets, while implied volatility as measured by the VIX softened.