Wall Street Today: All Fun and Games Until Consumers Get Uneasy

The $Nasdaq Composite Index (.IXIC.US)$ dropped 1.35%, down 5% in the past five sessions.  The $S&P 500 Index (.SPX.US)$ fell 0.47% and the $Dow Jones Industrial Average (.DJI.US)$ was in the green, up 0.37%.

Elsewhere in the economy, $Crude Oil Futures (JUL5) (CLmain.US)$ fell below $70, a low set in December, and treasuries hit lows not seen since before Christmas.

$Strategy (MSTR.US)$ led to declines in crypto and the Nasdaq 100, falling 11%, following Bitcoin lower.   $Bitcoin (BTC.CC)$ broke through $90k Tuesday morning, falling 4% after crypto hacks and a major tech pullback. Strategy has kept up its Bitcoin buying and stock selling, purchasing 20k coins at an average price above $97k last week. According to Barron's, the firm likely lost $200 million on that sale alone.

$Intuit (INTU.US)$ climbed after the market closed Tuesday, when the firm reported Q2 earnings of $3.32 per share, beating Wall Street estimates of about $2.58 by 28%. It shows a 26.24% earnings growth from the same quarter last year.  The company reported quarterly sales of $4.00 billion, which beat the analyst consensus estimate of $3.83 billion by 4.47 percent, 18.13% over last year's quarter sales of $3.39 billion. The firm gave a revenue outlook for the quarter of $7.55-$7.60 billion, above estimates of $7.51 billion.

$Tesla (TSLA.US)$ fell 8% early Tuesday after sales data from its UK and European markets showed nearly a 50% drop since the beginning of the year. The stock faced headwinds in 2025 as competition pushed sales lower. In January, Tesla sales in China fell 11%. Analyst Seth Goldstein from Morningstar Research warned in a note that traditional automakers are investing heavily in Tesla's market, eroding sales growth and profit margins. MarketWatch reported that on Tuesday morning, Volkswagen took the lead for #1 EV registrations last year.

$Home Depot (HD.US)$ reported earnings, beating Wall Street expectations for profit and sales last quarter, but offered cautious guidance from higher interest rates. Shares climbed around 4%.

$Super Micro Computer (SMCI.US)$ fell 11%, on Tuesday, its last day to post last year's earnings before further punishment from the Nasdaq exchange- possibly delisting. Shares were 50% lower from November when it hit its all-time intraday high. After the bell, the firm did not report it's year earnigns, at least by 4:11 PM ET.

Tech like $NVIDIA (NVDA.US)$ fell back about 2%, after reporting from Bloomberg that the White House had reached out to allies like Japan and the Dutch to encourage an extension of Biden-era policies to limit chip trade to China.

$Hims & Hers Health (HIMS.US)$ collapsed 25% after the discount drug seller reported twice the quarterly revenue it did last year selling scarce weight drugs, but confirmed it would cut 'compound' weight loss drugs from its sales after the FDA took away the ability.

$Tempus AI (TEM.US)$ tumbled 16% Tuesday after the company reported less revenue than Wall Street was looking for despite a smaller loss than expected. JPMorgan also downgraded the stock.

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