US Stocks Close Higher as Nasdaq Gains, Investors Weigh Economic Data

Market Performance Overview

• 📈 US stocks closed slightly higher on Tuesday, with the Dow and S&P 500 showing nominal gains.
• 💡 The tech-heavy NASDAQ climbed just under half a percent, supported by a more than 1% rise in Apple shares.

Magnificent Seven and Broader Market Trends

• 🎯 Kevin Man of Henyan and Walsh Asset Management anticipates a comeback for the lagging Magnificent Seven stocks, deeming it critical for broader market gains.
• ✅ Beneath the surface, the other 493 stocks are performing relatively well, which is encouraging for the sustainability of the bull market.
• ⚠️ However, the bull market run cannot continue without the seven large-cap technology stocks or the technology sector as a whole.

Economic Concerns and Specific Stock Moves

• 📉 The S&P 500 is down about 2% so far in 2025 and is on track for its first quarterly loss since June 2023, weighed by worries that President Trump's tariffs would fuel inflation and hurt economic growth.
• ⚡ Tesla shares rose about 3.5%, adding to a previous rally, despite its market share in Europe continuing to shrink.
• 🏠 Shares of KB Home fell over 5% after the home builder cut its full-year 2025 revenue forecast.
• 💰 In extended trading, GameStop stock climbed 6% after its board unanimously approved the addition of Bitcoin as a treasury reserve asset.