U.S. stocks traded higher midway through trading, with the Dow Jones index jumping more than 600 points on Tuesday. President Donald Trump announced the extension of the 50% tariffs on Sunday till July 9, which he had initially announced on Friday.

The Dow traded up 1.52% to 42,234.36 while the NASDAQ surged 2.23% to 19,155.16. The S&P 500 also rose, gaining, 1.78% to 5,906.07.

Check This Out: Jim Cramer Says Rocket Is A ‘Very Fine’ Company, Recommends Buying This Health Care Stock

Leading and Lagging Sectors

Consumer discretionary shares jumped by 2.2% on Tuesday.

In trading on Tuesday, energy stocks rose by just 0.4%.

Top Headline

New orders for manufactured goods dipped by 6.3% to $296.3 billion in April, recording the sharpest decline since Jan. 2024.

Equities Trading UP

SharpLink Gaming, Inc. ( SBET ) shares shot up 639% to $49.69 after the company announced a $425 million private placement, where it will use the proceeds to adopt an Ethereum treasury strategy.

Shares of E2open Parent Holdings, Inc. ( ETWO ) got a boost, surging 25% to $3.21 after the company announced WiseTech Global will acquire them for $2.1 billion in an all-cash deal.

MAC Copper Limited ( MTAL ) shares were also up, gaining 21% to $12.23 after the company announced Harmony Gold will acquire them for $1.03 billion.

Equities Trading DOWN

Rocket Pharmaceuticals, Inc. ( RCKT ) shares dropped 60% to $2.53 after the company reported a patient death in its Phase 2 trial of RP-A501 and voluntarily paused further dosing.

Shares of NeuroPace, Inc. ( NPCE ) were down 34% to $11.70 after the company announced preliminary results from one-year data in NAUTILUS study.

Savara Inc. ( SVRA ) was down, falling 27% to $2.0750 after the company announced it received a refusal to file letter from the FDA for its biologics license application.

Commodities

In commodity news, oil traded down 1.6% to $60.54 while gold traded down 2% at $3,300.00.

Silver traded down 1.3% to $33.190 on Tuesday, while copper fell 1.6% to $4.7590.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.51%, while Spain's IBEX 35 Index rose 0.13%. London's FTSE 100 gained 0.82%, Germany's DAX 40 rose 1.05% and France's CAC 40 rose 0.25% during the session.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei gaining 0.51%, Hong Kong's Hang Seng Index rising 0.43%, China's Shanghai Composite Index falling 0.18% and India's BSE Sensex falling 0.76%.

Economics

The S&P CoreLogic Case-Shiller Home Price Index increased 4.1% year-over-year in March, following a 4.5% gain in February.

The FHFA house price index declined by 0.1% in March versus market estimates of a 0.1% increase.

New orders for manufactured goods dipped by 6.3% to $296.3 billion in April, recording the sharpest decline since Jan. 2024.

Now Read This:

Top 3 Industrial Stocks You May Want To Dump In May

Photo via Shutterstock