S&P 500 goes nowhere in range-bound trading day
The S&P 500 was modestly lower with the Nasdaq 100 marginally higher on Tuesday, while small caps made back some of Monday’s big losses with a 0.7% gain.
The difference between the high and low price for the S&P 500 relative to Monday’s close was just 0.4%, the smallest range since Valentine’s Day and the second-narrowest of 2025 so far.
Energy was the best-performing S&P 500 sector ETF, while utilities was the worst.
A Guinness World Record propelled shares of Lucid sharply higher after the luxury EV maker announced that one of its Air Grand Touring cars traveled 749 miles on a single charge.
SoundHound AI soared amid a spike in call demand. Moderna also surged, though seemingly for no particular reason.
Clean energy stocks like First Solar got slammed after President Trump signed an executive order that may curb their ability to access tax credits.
Amazon slumped after reports that early spending during Prime Day was down double digits compared to last year.
CoreWeave and Core Scientific kept slumping after the former announced it was acquiring the latter.
Clear dipped on news that the TSA is dropping the requirement for passengers to remove their shoes for a security check, which may dent demand for the line-skipping service.
Tiny semiconductor firm Sequans Communications went parabolic after completing a $384 million capital raise that it’s using to buy bitcoin.
Elsewhere in crypto-linked gainers, Trump Media caught a decent bid after filing for a crypto blue-chip ETF.
