U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Tuesday.

The Dow traded up 0.57% to 49,219.77 while the NASDAQ rose 1.03% to 25,327.16. The S&P 500 also rose, gaining, 0.84% to 7,261.56.

Leading and Lagging Sectors

Materials shares jumped by 2.1% on Tuesday.

In trading on Tuesday, financial stocks fell by 0.2%.

Top Headline

PayPal Holdings Inc. (NASDAQ:PYPL) shares fell around 9% on Tuesday after the company reported first-quarter 2026 results that topped Wall Street expectations but showed signs of margin pressure and slowing engagement.

The parent of Venmo posted revenue of $8.353 billion, up 7% from a year earlier and above analysts’ estimate of $8.046 billion. Adjusted earnings were $1.34 per share, beating the consensus estimate of $1.27.

Equities Trading UP
         

• EverQuote Inc (NASDAQ:EVER) shares shot up 51% to $22.11 after the company reported better-than-expected first-quarter sales results and issued second-quarter sales guidance above estimates.
• Shares of Cellectar Biosciences Inc (NASDAQ:CLRB) got a boost, surging 21% to $3.42 as the company announced promising results from its Phase 2b CLOVER WaM clinical trial.
• Backblaze Inc (NASDAQ:BLZE) shares were also up, gaining 59% to $7.40 after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance above estimates.

Equities Trading DOWN

• GeneDx Holdings Corp (NASDAQ:WGS) shares dropped 50% to $34.12 after the company reported worse-than-expected first-quarter financial results.
• Shares of Embecta Corp (NASDAQ:EMBC) were down 56% to $4.10 after the company reported worse-than-expected second-quarter financial results and cut its FY26 guidance below estimates.
• SKK Holdings Ltd (NASDAQ:SKK) was down, falling 56% to $5.37. SKK Holdings filed $250 million mixed securities shelf.

Commodities

In commodity news, oil traded down 4.1% to $102.03 while gold traded up 1.3% at $4,574.90.

Silver traded up 0.4% to $73.830 on Tuesday, while copper rose 2.7% to $6.0060.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.7%, while Spain's IBEX 35 Index rose 1.8%. London's FTSE 100 fell 1.4%, Germany's DAX gained 1.7%, while France's CAC 40 gained 1.1%.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Hong Kong's Hang Seng Index falling 0.76% and India's BSE Sensex falling 0.33%

Economics

• Sales of new single-family homes climbed 7.4% month-over-month to 682,000 in March, up from 635,000 in February.
• The ISM services PMI fell to 53.6 in April from 54 in the previous month.
• Job openings declined by 56,000 to 6.866 million in March.
• The S&P Global composite PMI was revised lower to 51.7 in April versus a preliminary reading of 52.0.

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