NYSE Stocks were little changed Tuesday as investors waited for more insight on trade discussions between the U.S. and China.
Those moves follow a muted day on Wall Street as investors kept an eye on the trade talks.
The S&P 500 and Nasdaq posted slight gains on Monday, while the Dow ended marginally below the flatline.
Investors are monitoring U.S.-China trade talks, which are set to continue in London on Tuesday.
— Ganesh Rao Asia-Pacific markets trade mixed as investors await details of U.S.-China trade talks Asia-Pacific markets traded mixed Tuesday as investors awaited further details on the U.S.-China trade talks, which were slated to continue for a second day.
NYSE.
Tuesday’s stock market saw minimal movement as investors awaited further information on the trade talks between the U.S. S. . and China.
There was an 11-point decline in the Dow Jones Industrial Average. The SandP 500 and the Nasdaq Composite both increased by about 0.2 percent.
Discussions between U. A. and, for the second day, Chinese officials are still in London. U. A. In a statement on Tuesday, Commerce Secretary Howard Lutnick stated that the talks are “going well, and we’re spending lots of time together” and that he anticipates them lasting the entire day.
A deal that does not entail the countries imposing high tariffs on each other is what traders are looking for in the talks. The temporary reduction of duties agreed upon by both countries last month was viewed as a significant trade negotiation breakthrough following U.S. A. The plan for steep and wide import taxes was unveiled by President Donald Trump.
Adam Parker, the founder of Trivariate Research, stated on CNBC’s “Closing Bell” that “I think most people are assuming that some conversation is better than nothing, that we’re making progress.”. Consequently, “people aren’t … wanting to sell stocks.”. “.
These actions come after a quiet day on Wall Street as traders watched the trade negotiations. Monday saw the Dow close just below the flatline, while the S&P 500 and Nasdaq reported modest gains.
Tuesday’s opening saw minimal movement in stocks as trade negotiations continue.
Soon after the opening bell, the Dow Jones Industrial Average was circling the flatline lower. Each of the Nasdaq Composite and S&P 500 saw an increase of roughly 0 to 15%.
Pia Singh.
Insmed, J. . M.. Among the companies advancing premarket are Smucker and Taiwan Semiconductor.
Before Tuesday’s opening bell, observe the stocks that are moving.
Insmed: Stocks rose over 26%. The multinational biopharmaceutical company reported on Tuesday that treprostinil palmitil inhalation powder, a once-daily treatment for pulmonary arterial hypertension, had shown encouraging results in a Phase 2b study.
J. . M. FactSet reports that Smucker’s fourth-quarter revenue of $2.14 billion fell short of the consensus estimate of $2.18 billion, causing the food company’s stock to decline by roughly 8%. Nonetheless, the quarter’s earnings exceeded projections. Expectations were not met by the company’s guidance either.
U.S. Taiwan Semiconductor Manufacturing. S. . Following a 39.6% increase in May revenue over the previous year, the chipmaker’s listed shares increased by more than 2 percent. Revenue increased 42.6 percent from January to May compared to the same period last year.
Go here to view the complete list of stocks.
Conlon, Sean.
Paramount has revealed their second round of layoffs.
3Point 5 percent of Paramount Global’s U.S. S. . -based workforce, or hundreds of workers, in the second round of layoffs that the company has implemented.
The memo that CNBC was able to view states that the company informed its employees about the upcoming layoffs Wednesday morning. Paramount is still battling macroeconomic challenges and the waning of the traditional pay-TV bundle.
In premarket trading, Paramount’s shares fell by roughly 0.2 percent. This year, the stock has increased by 14.7 percent.
Lillian Rizzo and Pia Singh.
Defense stocks in Europe decline before more U.S. A. -trade negotiations with China.
Afp | Getty Images | Genya Savilov.
The regional Stoxx Aerospace and Defense index continued to lose ground, closing 0.5 percent lower, as European defense stocks saw widespread declines on Tuesday morning.
The index has risen nearly 50% this year, and that puts it on track to lose for the third day in a row.
Investors are keeping an eye on U. A. -China trade negotiations, which will resume Tuesday in London. Critical minerals are at the heart of the talks; in response to U.S. sanctions, China restricted exports of these minerals in April. S. . restrictions on exports from China.
The manufacturing of weapons and defense technologies depends on rare earth minerals.
The last time we looked at the market, the German defense giant Rheinmetall was down 2 points, while Sweden’s Saab and Germany’s Renk were down 4 points and 7 points, respectively.
— Taylor, Chloe.
Fund managers try to keep foreign investors in the United States by lobbying Congress on Section 899. S.
A provision in President Donald Trump’s tax bill is the subject of lobbying by American fund managers, who claim it could cause foreign investors to “quickly” withdraw their investments from the United States. S. .
In the United States, the “One Big Beautiful Bill Act”. S. . Foreign-owned companies doing business in the United States will be penalized by the House of Representatives in May. S. . and that come from nations with “unfair foreign taxes” as defined by Section 899. These days, the Senate is debating it.
In the United States, fund houses are represented by the Investment Company Institute (ICI). S. . is urging Congress to amend the bill, pointing out that the current version affects the majority of foreign investments in the United States. S. stock exchanges, based on records that CNBC obtained.
Go here to read the entire story.
Ganesh Rao.
Asia-Pacific markets fluctuate while investors wait for U.S. A. -trade negotiations with China.
Tuesday saw mixed trading in Asia-Pacific markets as investors awaited more information regarding the U. A. The second day of the trade talks with China was scheduled to continue.
On Monday, representatives from both nations met in London to discuss trade with U. A. Beijing’s Vice Premier He Lifeng led a meeting between Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer and their Chinese counterparts.
After reversing earlier gains, Japan’s benchmark Nikkei 225 ended the day 0 points 32 percent higher at 38 points 211. 51, whereas the more general Topix index remained unchanged at 2,786.24.
For the fifth session in a row, South Korean markets increased. The Kospi index ended the day up 0.56% to 2,871.85, while the small-cap Kosdaq gained 0.91% to 771.20.
While the Hang Seng Index in Hong Kong remained unchanged at 24,162.87, the CSI 300 index in mainland China closed 0.51 percent lower at 3,865.47.
The benchmark S&P/ASX 200 in Australia rose 0 points 84 percent to close the day at a record high of 8,587 points 20.
At 1:40 PM, the BSE Sensex index was flat, but India’s benchmark Nifty 50 index increased by 0 points 15 percent. A. Standard Time in India.
Amala Balakrishner.
As RFK retires members of the vaccine advisory board, vaccine manufacturers falter.
Monday’s extended trading saw some vaccine stocks decline following Health and Human Services Secretary Robert F. Kennedy, Jr. declared that he was “retiring” every member of an advisory panel for vaccines.
Kennedy declared Monday that he would dismiss all 17 members of the Advisory Committee on Immunization Practices, or ACIP, in an opinion piece published in the Wall Street Journal. They provide the Centers for Disease Control and Prevention with advice.
Moderna fell 0.9 percent, while AstraZeneca lost about 1 percent. Merck lost 0.2 percent and Pfizer lost 0.3 percent.
Anakim Constantino and Alex Harring.
Watch the stocks move after business hours.
Here are a few stocks that are moving significantly after business hours.
Cracker Barrel Old Country Store: The chain restaurant’s stock fell 8 points. The business declared that $275 million in convertible senior notes with a 2030 maturity date would be offered privately.
Limoneira — Following the release of fiscal second-quarter results that were negative compared to the same period last year, the agriculture stock fell 8 percent. Despite making $35.1 million in revenue, Limoneira lost 17 cents per share on an adjusted basis. In the second quarter of the prior fiscal year, that amounts to $44.6 million in revenue and adjusted earnings of 44 cents per share.
— Alex Harring.
Stock futures have not changed much.
Shortly after 6 p.m., futures linked to the Dow, S&P 500, and Nasdaq 100 all saw increases of roughly 0 points to 1 percent. m. on Monday evening ET.
— Harring, Alex.
