Cardinal Health Inc shares jumped around 8% on Tuesday after the company posted fourth-quarter results that exceeded analyst profit expectations. The healthcare services and products distributor reported adjusted earnings of $2.91 per share, beating market estimates of $2.42 per share. Despite the earnings beat, the company’s sales came in at $63.672 billion, missing expectations of $65.029 billion.

The stock’s performance contributed to a mixed trading session for U.S. equities. The Dow Jones Industrial Average gained more than 150 points, trading up 0.33% to 54,155.51. The S&P 500 also rose, gaining 0.05% to 7,757.09, while the NASDAQ Composite fell 0.19% to 26,556.16.

Sector performance was divided across the market. Industrials shares led the advance, jumping by 1% on Tuesday. In contrast, communication services stocks lagged, falling by 1.1% during trading hours.

Market Movers

Several equities experienced significant volatility outside the major indices. WF International Ltd shares shot up 169% to close at $10.74. Planet Green Holdings Corp shares surged 103% to $1.15 after the company announced entry into commercial operations to source, market, and distribute lactoferrin for the Chinese market. Global Engine Group Holding Ltd shares gained 57% to $0.61 following an announcement of a strategic collaboration agreement with Angkasa-X to develop a Space-to-AI digital infrastructure platform in Sarawak, Malaysia.

On the downside, CleanCore Solutions Inc shares dropped 52% to $0.17 after the company reported the pricing of a $100 million public offering. KLX Energy Services Holdings Inc shares were down 35% to $1.44 after reporting worse-than-expected second-quarter sales results and approving a $125 million backstopped rights offering. Socket Mobile Inc fell 34% to $1.41, reversing a 452% gain from Monday driven by a North America distribution agreement with 3Eye Technologies for Apple-based scanning solutions.

Global Markets and Commodities

International markets showed mixed trends. European shares were mostly higher, with the eurozone’s STOXX 600 gaining 0.2%. Spain’s IBEX 35 Index rose 0.6%, London’s FTSE 100 rose 0.1%, and Germany’s DAX gained 0.2%. France’s CAC 40 fell 0.1%. Asian markets closed lower, with Hong Kong’s Hang Seng index dipping 1.10%, China’s Shanghai Composite falling 0.82%, and India’s BSE Sensex declining 0.49%.

In commodities, oil traded up 0.4% to $82.43. Gold traded up 0.6% at $4,447.70, while copper rose 0.6% to $6.6585. Silver traded down 0.3% to $65.070.

Economic Data

U.S. economic indicators showed improvement in small business sentiment. The NFIB small business optimism index rose to 99.8 in July from 97.4 in June, beating market estimates of 97.5.

U.S. stocks settled lower on Monday, with the Dow Jones Industrial Average falling more than 50 points as rising crude oil prices and Treasury yields dampened investor sentiment. The decline occurred against a backdrop of fading hopes for a near-term deal to reopen the Strait of Hormuz. Despite the daily losses, markets had recorded gains for the second straight week, with the S&P 500 up 3.6% and the Nasdaq Composite surging 5.2% over the prior five trading days.

The CNN Business Fear and Greed Index showed no change in overall market sentiment, remaining in the 'Greed' zone with a reading of 64.43, up slightly from the prior reading of 64.37. The index, which ranges from 0 (maximum fear) to 100 (maximum greed), is calculated using seven equal-weighted indicators to measure current market psychology. Higher greed typically exerts upward pressure on stock prices, while higher fear pushes them down.

Investors are now focused on upcoming inflation data, specifically the Consumer Price Index (CPI) report due Wednesday and the Producer Price Index (PPI) print on Thursday. These reports will provide critical insights into whether rising oil prices are leaking into core inflation metrics. Treasury yields rose to their highest level this month, adding pressure to equity valuations ahead of these macroeconomic releases.

In corporate earnings news, National Energy Services Reunited Corp. shares jumped over 23% after reporting better-than-expected quarterly financial results. Conversely, Monday.Com Ltd. shares fell around 5% following second-quarter results and weak third-quarter sales guidance. Traders are also awaiting earnings from Super Micro Computer Inc., Cardinal Health Inc., and Aramark later in the week.

Sector performance was mixed on Monday. Energy, health care, and communication services stocks recorded the biggest gains within the S&P 500. However, real estate and utilities stocks closed the session lower. The S&P 500 fell 0.06% to 7,753.11, while the Nasdaq Composite declined 0.32% to 26,605.36.

Market Metrics

What the Numbers Show

The divergence between weekly performance and daily declines highlights market volatility driven by geopolitical and macroeconomic factors. While the broader market posted significant weekly gains, the immediate reaction to rising oil prices and yields suggests caution ahead of inflation data. The sustained 'Greed' reading despite daily losses indicates that investor appetite for risk remains high, likely buoyed by strong earnings from specific sectors like energy services.