Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 posted a third straight winning day, and what’s on the radar for the next session. Awaiting trade and CPI Stocks rose Tuesday as investors awaited news on trade talks with China and ahead of the May reading of the consumer price index, due Wednesday morning. The Nasdaq Composite gained 0.6% and is now less than 2.5% off from the all-time high hit in mid-December. The S & P 500 was up 0.55% on Tuesday and is off 1.8% from its Feb. 19 high. The Dow Jones Industrial Average gained about 105 points. It’s just under 5% from its early December high. Economists expect consumer prices rose 2.4% from a year ago, versus the 2.3% gain in April. Excluding food and energy, prices are expected to have risen 2.9%, compared to April’s 2.8% rise. Tune in to ” Squawk Box ” at 8:30am ET Wednesday for full coverage of the closely watched CPI report. .SPX YTD mountain The S & P 500 in 2025 Not lovin’ it Shares of McDonald’s were down 1.4%, marking a seventh straight day of losses. That’s its longest losing streak since 2013. The latest move lower came after analysts at Redburn Atlantic double-downgraded the stock to sell from buy, saying the company could see 28 million fewer visits and nearly $500 million less in revenue because of weight-loss drugs. It’s the third downgrade of the stock in the last week. MCD shares are down 4.3% in June and are 7.9% from their March high. J.M. Smucker gets smacked Shares of the grocery aisle giant plunged 15.6%, its biggest one-day loss on record. It was the worst performer in the S & P 500 on Tuesday. The next worst was NRG Energy , down “just” 4.1%. SJM closed at $94.41, its lowest level since January 2019. Tuesday’s move came after the company said sales in the current quarter will be down. SJM 5D mountain J.M. Smucker in the past five trading days Disney’s magical move Shares of the entertainment giant jumped 2.65%, hitting levels not seen since April 2024. The company announced Monday that it had bought the stake in Hulu it didn’t already own for nearly $440 million , a smaller price tag than expected. CEO Bob Iger told CNBC’s David Faber this morning that he thinks having both a linear network and streaming is a “winning combination.” Disney bought the stake from Comcast, which owns NBCUniversal, CNBC’s parent company. Topping the S & P It was a strong day for semi stocks, but Intel led the pack, up nearly 8% on Tuesday. It was the best performing stock in the S & P 500 and the Nasdaq 100 . Intel has rallied about 13% this month, but it’s still down 28.6% in the last 12 months. Nvidia was up nearly 1% on Tuesday and posted its highest close since late January. Taiwan Semi was up 2.6% on news revenue rose 40% in May. The stock is up 59% from April lows. Qualcomm was up 2.4% Tuesday. It’s up 32% from recent lows. Broadcom was up 0.1% and has gained 78% from the April lows. AMD was up 1.2% for a gain of 61% from the April lows. INTC 1M mountain Intel in the past month Apple Day 2 The iPhone maker didn’t recoup all of Monday’s losses. Earlier this week, Apple failed to impress investors at its Worldwide Developers Conference kickoff. The stock is down 19% this year and has lost nearly $750 billion in market cap in that time. Tesla’s big event Tesla jumped for a third straight day and is less than 2% from recovering its losses from last Thursday – that’s when the social media feud between CEO Elon Musk and President Donald Trump erased $152 billion from its market cap. Late Tuesday, Musk said that the company’s robotaxi service is “tentatively” set to launch in Austin on June 22. Shares are up 10.5% this week and nearly 26% in Q2. However, they are still down 19.25% in 2025, making Tesla the worst performing name in the so-called Magnificent Seven this year. TSLA 5D mountain Tesla in the past five trading days Oracle on deck Old guard tech giant Oracle reports Wednesday after the bell. The stock is up 19% over the last three months and up nearly 50 % from its April lows Meanwhile, Microsoft pulled back from the record close hit on Monday. It ended the day down about 0.4%. The decline allowed Nvidia to reclaim the top market cap spot. The semi company is worth $3.513 trillion, versus $3.500 trillion for MSFT. Circling back Shares of stablecoin issuer Circle dropped 8.1% on Tuesday, its first down day since the company went public on Thursday. Shares were priced at $31 apiece and opened at $69 when Circle debuted. They hit a high of $138.57 Monday. Even with Tuesday’s pullback, shares are up 242% from their offering price. Heart health Shares of biopharma company Insmed surged nearly 29% to a nearly 25-year high. The company announcing positive trial results for its hypertension drug. Mizuho’s Jared Holz said in a note last week that Insmed could be a takeover target. CEO Will Lewis joined CNBC’s Melissa Lee and ” Fast Money ” to talk the latest trials and deal-making in the space. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
