Dow Gains Over 200 Points; US Trade Deficit Widens In May
U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 200 points on Tuesday. Following the market opening Tuesday, the Dow traded up 0.39% to 53,261.78 while the NASDAQ fell 0.52% to 25,985.50. The S&P 500 also fell, dropping, 0.09% to 7,530.71. Leading and Lagging Sectors Health care shares jumped by 1.8% on Tuesday. In trading on Tuesday, information technology stocks fell by 1.7%. Top Headline The U.S. trade deficit rose to $77.6 billion in May versus a revised $54.6 billion gap in April, compared to market estimates of a $78.5 billion shortfall. The latest gap was the largest since March 2025, with imports rising 3.3% to $395.3 billion. Equities Trading UP Crinetics Pharmaceuticals Inc (NASDAQ: CRNX ) shares shot up 99% to $83.52 after the company announced it will be acquired by Vertex Pharmaceuticals. Shares of DigitalOcean Holdings Inc (NYSE: DOCN )...
S. stocks traded mixed this morning, with the Dow Jones index gaining more than 200 points on Tuesday. 50. 71.
8% on Tuesday. 7%. S. 5 billion shortfall.
3 billion. 52 after the company announced it will be acquired by Vertex Pharmaceuticals. 30 r after the company announced it expects a year-over-year increase in second-quarter revenue growth results. Also, the company expects to be at or above the top end of the range of its previously provided guidance for EBITDA margin and non-GAAP net income per share.
93 after the company announced several capital restructuring initiatives. The plan includes Founder and CEO Soon Huat Lim’s proposal to convert about $8 million of debt into restricted Class B shares. 32. 15 after the company entered into an exclusive global licensing agreement with Argent BioPharma Limited for CannEpil, a proprietary, patent protected cannabinoid-based investigational therapeutic approved for the treatment of drug-resistant epilepsy in multiple European countries.
48. 60. 2290. Euro zone European shares were mixed today.
1%. 2%. 13%. 5 in the previous month, recording the strongest growth since March 2022.
S. 5 billion shortfall. 3 billion. Photo via Shutterstock