US open: Stocks mixed as tech slump drags Nasdaq

(Sharecast News) - Wall Street trading got off to a mixed start on Tuesday as traders looked ahead to key trade‑deficit figures and tech stocks traded lower following Samsung's second quarter earnings. As of 1515 BST, the Dow Jones Industrial Average was up 0.23% at 53,179.66, while the S&P 500 shed 0.13% to 7,527.49 and the Nasdaq Composite came out of the gate 0.69% softer at 25,941.92.

The Dow opened 123.75 points higher on Tuesday, building on solid gains recorded in the previous session as the blue chip broke above the 53,000 barrier for the first time.

Tech stocks were in the red at the open, with Micron trading 7.27% lower, while fellow chipmakers Marvell Technology and AMD were also firmly in the red, weighing on the tech heavy Nasdaq.

Tuesday's early moves followed a sharp tech‑led sell‑off in Asia‑Pacific markets, where South Korea's Kospi dropped nearly 5% after a 7% slide in Samsung as concerns over spending and demand overshadowed a strong jump in the company's Q2 operating profits.

On the macro front, the US trade deficit widened sharply in May, according to the Census Bureau and Bureau of Economic Analysis, as exports fell and imports picked up. The goods and services deficit increased to $77.6bn, up from a revised $54.6bn in April, as exports dropped 3.2% on the month to $317.7bn, while imports rose 3.3% to $395.3bn. The goods deficit widened by $23.6bn to $106.5bn, while the services surplus edged up to $28.9bn. A three‑month moving average showed the deficit rising to $62.9bn, with average exports at $321.5bn and average imports at $384.5bn. Year‑to‑date, however, the overall deficit remained 40.6% lower than the same period in 2025, as exports increased 11.7% and imports fell 2.1%.

US Treasury yields ticked higher in early action as investors digested the trade‑deficit data, as well as minutes from the latest Federal Reserve Open Markets Committee meeting on Wednesday, with the ten‑year yield rising a little over three basis points to 4.509%, while the two‑year note added almost two basis points to 4.143%.

No major corporate earnings were slated for release on Tuesday.







Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Johnson & Johnson (JNJ) $266.39 3.05% Chevron Corp. (CVX) $172.42 2.53% Verizon Communications Inc. (VZ) $43.20 2.46% Dow Chemical Co. (DOW) $28.08 2.45% McDonald's Corp. (MCD) $285.96 2.31% Procter & Gamble Co. (PG) $153.08 2.29% Coca-Cola Co. (KO) $84.86 2.25% Salesforce.Com Inc. (CRM) $169.28 2.19% Microsoft Corp. (MSFT) $389.05 2.03% International Business Machines Corporation (CDI) (IBM) $303.01 1.90%

Dow Jones - Fallers

Intel Corp. (INTC) $114.36 -8.88% Caterpillar Inc. (CAT) $931.73 -4.50% Visa Inc. (V) $354.64 -1.12% Boeing Co. (BA) $232.90 -0.64% Goldman Sachs Group Inc. (GS) $1,050.22 -0.43% Cisco Systems Inc. (CSCO) $113.86 -0.21% 3M Co. (MMM) $159.37 0.22%

S&P 500 - Risers

DENTSPLY Sirona Inc. (XRAY) $12.27 7.60% Nektar Therapeutics (NKTR) $74.41 6.68% Fidelity National Information Services Inc. (FIS) $42.90 5.18% Dxc Technology Company (DXC) $10.51 5.03% NetApp Inc. (NTAP) $166.00 4.83% Brown Forman Corp. Class B (BF.B) $26.77 4.66% Autodesk Inc. (ADSK) $212.27 4.51% PepsiCo Inc (PEP) $148.02 4.25% Verisk Analytics Inc. (VRSK) $194.59 4.22% Molson Coors Beverage Co. Class B (TAP) $40.01 4.01%

S&P 500 - Fallers

Applied Materials Inc. (AMAT) $547.22 -11.47% KLA-Tencor Corp. (KLAC) $219.62 -10.51% Lam Research Corp. (LRCX) $325.46 -9.58% Intel Corp. (INTC) $114.36 -8.88% Coterra Energy Inc. (CTRA) $32.56 -8.62% Western Digital Corp. (WDC) $540.41 -7.93% Micron Technology Inc. (MU) $928.90 -7.73% Ipg Photonics Corp. (IPGP) $100.23 -7.15% Advanced Micro Devices Inc. (AMD) $517.10 -5.99% Seagate Technology Plc (STX) $830.08 -5.16%

Nasdaq 100 - Risers

Workday, Inc. (WDAY) $143.61 8.55% DENTSPLY Sirona Inc. (XRAY) $12.27 7.60% Tesla Inc (TSLA) $414.24 6.00% T-Mobile Us, Inc. (TMUS) $187.12 4.91% Verisk Analytics Inc. (VRSK) $194.59 4.22% Autodesk Inc. (ADSK) $212.27 4.07% Cognizant Technology Solutions Corp. (CTSH) $42.90 3.79% Align Technology Inc. (ALGN) $187.91 3.77% Intuitive Surgical Inc. (ISRG) $440.32 3.68% Illumina Inc. (ILMN) $192.24 3.42%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49% Applied Materials Inc. (AMAT) $547.22 -11.34% KLA-Tencor Corp. (KLAC) $219.62 -10.23% Lam Research Corp. (LRCX) $325.46 -9.58% Intel Corp. (INTC) $114.36 -8.24% Western Digital Corp. (WDC) $540.41 -7.38% Micron Technology Inc. (MU) $928.90 -7.37% Seagate Technology Plc (STX) $830.08 -5.62% American Airlines Group (AAL) $17.47 -4.53% Asml Holdings N.V. (ASML) $1,746.88 -4.53%