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 ) got a boost, surging 9% to $143.30 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.

Trident Digital Tech Holdings Ltd ( NASDAQ: TDTH ) shares were also up, gaining 61% to $2.93 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.

Equities Trading DOWN Lianhe Sowell International Group Ltd ( NASDAQ: LHSW ) shares dropped 36% to $4.32.

Shares of Splash Beverage Group Inc ( NYSE: SBEV ) were down 29% to $0.15 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.

UTime Ltd (NASDAQ: FXHO ) was down, falling 31% to $13.48.

Commodities In commodity news, oil traded up 0.7% to $69.01 while gold traded down 0.3% at $4,156.60.

Silver traded down 1.4% to $61.440 on Tuesday, while copper fell 0.1% to $6.2290.

Euro zone European shares were mixed today.

The eurozone’s STOXX 600 fell 0.2%, while Spain’s IBEX 35 Index rose 0.1%.

London’s FTSE 100 rose 0.3%, Germany’s DAX declined 0.7%, while France’s CAC 40 gained 0.2%.

Asia Pacific Markets Asian markets closed lower on Tuesday, with Japan’s Nikkei 225 falling 2.12%, Hong Kong’s Hang Seng index falling 0.51%, China’s Shanghai Composite slipping 1.26% and India’s BSE Sensex declining 0.13%.

Economics The Logistics Manager’s Index rose to 71.1 in June from 69.5 in the previous month, recording the strongest growth since March 2022.

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.

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