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Stocks Rise as Tech Leads While Signet Falls Despite Earnings Beat

MarketDash Editorial Team
5 days ago
U.S. markets climbed Tuesday with the Dow up 250 points and tech leading gains. Signet Jewelers dropped 4% despite crushing earnings expectations, while gold fell over 1% and energy stocks lagged the broader rally.

U.S. markets pushed higher at midday Tuesday, with the Dow Jones adding roughly 250 points as technology stocks powered a broad-based rally.

The Dow climbed 0.55% to 47,550.31, while the NASDAQ gained 0.79% to reach 23,458.73. The S&P 500 rose 0.40% to 6,839.62.

Sector Movements

Information technology shares led the charge, jumping 1.1% on Tuesday as investors piled into growth names.

On the flip side, energy stocks dragged as the session's biggest loser, falling 1.4% amid softer oil prices.

Signet Shines on Earnings, Stock Doesn't

Signet Jewelers Limited (SIG) dropped about 4% Tuesday in one of those head-scratching market moments where good news doesn't translate to stock gains.

The jewelry retailer actually delivered a solid quarter with stronger-than-expected results. The company posted higher earnings and wider margins thanks to firm pricing, better product assortments, and tighter cost controls—all pointing to a healthier business heading into the crucial holiday season.

Quarterly sales hit $1.391 billion, up 3.1% year over year and topping analyst estimates of $1.370 billion. The company reported third-quarter adjusted earnings of 63 cents per share, more than doubling the Street's expectation of 29 cents.

Big Movers Higher

Polyrizon Ltd (PLRZ) exploded 101% to $6.36 after announcing it completed a manufacturing upscaling milestone for its proprietary nasal-spray product platform.

Eventbrite Inc (EB) surged 79% to $4.44 following news that Bending Spoons will acquire the company for approximately $500 million.

MongoDB Inc (MDB) jumped 25% to $412.22 after reporting better-than-expected third-quarter results and raising its fiscal 2026 guidance above analyst estimates.

Notable Decliners

Janux Therapeutics Inc (JANX) plunged 47% to $17.91 after the company released updated interim data for its JANX007 program.

Vestis Corp (VSTS) fell 17% to $5.58 after posting mixed fourth-quarter results. The company also announced a multi-year restructuring plan.

American Bitcoin Corp (ABTC) tumbled 42% to $2.06.

Commodities Slide

Oil edged down 0.5% to $59.05 per barrel, while gold dropped 1.2% to $4,225.00.

Silver fell harder, down 2.3% to $57.805 on Tuesday. Copper declined 0.8% to $5.2605.

International Markets

European markets closed mostly higher. The eurozone's STOXX 600 rose 0.10%, while Spain's IBEX 35 Index gained 0.59%. London's FTSE 100 edged up just 0.01%, Germany's DAX 40 climbed 0.56%, and France's CAC 40 dipped 0.19%.

Asian markets finished mixed Tuesday, with Japan's Nikkei essentially flat at up 0.001%, Hong Kong's Hang Seng gaining 0.24%, China's Shanghai Composite falling 0.42%, and India's BSE Sensex declining 0.59%.

Economic Calendar

No major economic reports were scheduled for release Tuesday.

Back to News

Stocks Rise as Tech Leads While Signet Falls Despite Earnings Beat

MarketDash Editorial Team
5 days ago
U.S. markets climbed Tuesday with the Dow up 250 points and tech leading gains. Signet Jewelers dropped 4% despite crushing earnings expectations, while gold fell over 1% and energy stocks lagged the broader rally.

U.S. markets pushed higher at midday Tuesday, with the Dow Jones adding roughly 250 points as technology stocks powered a broad-based rally.

The Dow climbed 0.55% to 47,550.31, while the NASDAQ gained 0.79% to reach 23,458.73. The S&P 500 rose 0.40% to 6,839.62.

Sector Movements

Information technology shares led the charge, jumping 1.1% on Tuesday as investors piled into growth names.

On the flip side, energy stocks dragged as the session's biggest loser, falling 1.4% amid softer oil prices.

Signet Shines on Earnings, Stock Doesn't

Signet Jewelers Limited (SIG) dropped about 4% Tuesday in one of those head-scratching market moments where good news doesn't translate to stock gains.

The jewelry retailer actually delivered a solid quarter with stronger-than-expected results. The company posted higher earnings and wider margins thanks to firm pricing, better product assortments, and tighter cost controls—all pointing to a healthier business heading into the crucial holiday season.

Quarterly sales hit $1.391 billion, up 3.1% year over year and topping analyst estimates of $1.370 billion. The company reported third-quarter adjusted earnings of 63 cents per share, more than doubling the Street's expectation of 29 cents.

Big Movers Higher

Polyrizon Ltd (PLRZ) exploded 101% to $6.36 after announcing it completed a manufacturing upscaling milestone for its proprietary nasal-spray product platform.

Eventbrite Inc (EB) surged 79% to $4.44 following news that Bending Spoons will acquire the company for approximately $500 million.

MongoDB Inc (MDB) jumped 25% to $412.22 after reporting better-than-expected third-quarter results and raising its fiscal 2026 guidance above analyst estimates.

Notable Decliners

Janux Therapeutics Inc (JANX) plunged 47% to $17.91 after the company released updated interim data for its JANX007 program.

Vestis Corp (VSTS) fell 17% to $5.58 after posting mixed fourth-quarter results. The company also announced a multi-year restructuring plan.

American Bitcoin Corp (ABTC) tumbled 42% to $2.06.

Commodities Slide

Oil edged down 0.5% to $59.05 per barrel, while gold dropped 1.2% to $4,225.00.

Silver fell harder, down 2.3% to $57.805 on Tuesday. Copper declined 0.8% to $5.2605.

International Markets

European markets closed mostly higher. The eurozone's STOXX 600 rose 0.10%, while Spain's IBEX 35 Index gained 0.59%. London's FTSE 100 edged up just 0.01%, Germany's DAX 40 climbed 0.56%, and France's CAC 40 dipped 0.19%.

Asian markets finished mixed Tuesday, with Japan's Nikkei essentially flat at up 0.001%, Hong Kong's Hang Seng gaining 0.24%, China's Shanghai Composite falling 0.42%, and India's BSE Sensex declining 0.59%.

Economic Calendar

No major economic reports were scheduled for release Tuesday.