Major analyst sends blunt 3-word message to investors
Stock Market Today: Stocks Fade From Higher Open Tuesday, August...
Stock Market Today: Stocks Fade From Higher Open
Tuesday, August 5, 2025
Stocks surprisingly fell back on Tuesday, seeing little support from Monday’s huge rally. The declines came despite a monster earnings report after the bell Monday from big-data company Palantir and a big gain for shares of Axon Enterprise, the maker of tasers.
Only four of the 11 sectors in the Standard & Poor’s 500 Index were higher. Technology was among the weakest sectors despite Palantir’s 5.6% gain.
At noon EDT, the Standard & Poor's 500 Index was down 0.5% at 6,298. The Nasdaq Composite Index was off 0.6%, to 20,923. And the Dow Jones Industrial Average was off 0.24% to 44,069.
Energy shares and utilities were weaker because of worries about economic softness. Crude oil was at $65.32, down 92 cents.
The 10-year Treasury yield moved lower. One result from the bond-yield decline was mortgage rates are holding at about 6.6%, and housing-related stocks like DR Horton, PulteGroup, Lowe’s and Home Depot were higher for a second day.
Advanced Micro Devices, Arista Networks and Amgen report after the close Tuesday.
A top Bank of America analyst now favors Robinhood over Coinbase in the crypto exchange race, citing Robinhood’s surging crypto revenues and retail trading growth — while Coinbase struggles with falling altcoin volumes and weak earnings.
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