Sangoma Technologies Azioni (NASDAQ: SANG)

Ultime notizie per Sangoma Technologies (NASDAQ:SANG) Azioni

Sangoma Technologies

Sangoma Technologies Corp is a provider of hardware and software components that enable or enhance Internet Protocol Communications Systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes data and telecom boards for media and signal processing, as well as gateway appliances and software. The Company sells into two geographic centers: USA and Other countries. Key revenue is generated from USA.

Sangoma Technologies Corporation - Common Shares

Sangoma Technologies Corp

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Sangamo Therapeutics Inc

Sangetsu Corp

SANGUI BIOTECH INTL INC by Sangui BioTech International, Inc.

Sangui Biotech International Inc

President Donald Trump will sign a resolution that will nix the California EV mandate on Thursday.
What Happened: Trump will sign a resolution of disapproval that bars the mandate, which has been adopted by 11 other states in the U.S and aims to phase out ICE-powered vehicles by 2035, Reuters reported on Tuesday.
The White House has invited several officials from the Automotive industry on Thursday to witness the signing, the report suggests. Trump will also sign a resolution that requires heavy-duty trucks in the state to be zero-emission vehicles.
California Governor Gavin Newsom has vowed to challenge the resolution in court, which he says could add over $45 billion to California residents.
Why It Matters: The news could prove to be a relief for several automakers in the U.S. Recently, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) sent out a company-wide email to employees, which reiterated the company's <a href="https://www.benzinga.com/25/05/45488137/general-motors-wants-to-overturn-californias-aggressive-ev-mandate-as-demand-slows-in-the-us-report">stance on the mandate</a>.
"Emissions standards that are not aligned with market realities pose a serious threat to our business by undermining consumer choice and vehicle affordability," GM said.
House GOP representatives want to axe the <a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">$7500 Federal EV credit</a>, as part of the Big, Beautiful Bill, which has been met with criticism from automakers who propose a more gradual phasing out instead.
The U.S. EV market has also seen a 10.6% YoY growth in Q1 2025 sales, where Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remained a market leader. Musk had criticized Trump's Big Beautiful Bill, but the White House said it would be <a href="https://www.benzinga.com/news/politics/25/06/45764422/white-house-says-trump-is-sticking-to-the-big-beautiful-bill-despite-elon-musks-sharp-criticism-it-doesnt-change-the-presidents-opinion">sticking to its guns</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45852837/trump-says-he-wont-ditch-tesla-model-s-or-starlink-as-feud-with-elon-musk-cools-i-wish-him-well">Trump Says He Won&#8217;t Ditch Tesla Model S Or Starlink As Feud With Elon Musk Cools: &#8216;I Wish Him Well&#8217;</a></li>
</ul>
Photo courtesy: Joey Sussman / Shutterstock.com

Politics

TSLA

Trump To Sign Resolution Barring California EV Mandate Adopted By 11 Other States: Report

SailPoint, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NASDAQ">SAIL</a>) will release its first-quarter financial results before the opening bell on <a href="https://www.benzinga.com/quote/SAIL/earnings">Wednesday, June 11</a>.
Analysts expect the Austin, Texas-based company to report a quarterly loss at 1 cent per share. SailPoint projects quarterly revenue of $225.16 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 26, SailPoint reported fourth-quarter fiscal 2025 revenue growth of 18% year-on-year to $240.12 million, compared to analyst consensus estimates of $235.26 million.
SailPoint shares gained 2.5% to close at $19.65 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/sail/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Barclays analyst Saket Kalia maintained an Overweight rating and cut the price target from $27 to $23 on June 3, 2025. This analyst has an accuracy rate of 79%.</li>
<li>Mizuho analyst Gregg Moskowitz maintained a Neutral rating and lowered the price target from $25 to $24 on May 15, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and cut the price target from $26 to $25 on April 16, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Wells Fargo analyst Andrew Nowinski initiated coverage on the stock with an Equal-Weight rating and a price target of $16 on April 14, 2025. This analyst has an accuracy rate of 70%</li>
<li>RBC Capital analyst Matthew Hedberg initiated coverage on the stock with an Outperform rating and a price target of $27 on March 10, 2025. This analyst has an accuracy rate of 75%.</li>
</ul>
Considering buying SAIL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/sail/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="601" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-1024x601.png" alt="" class="wp-image-945704" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-1024x601.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-768x451.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150.png 1087w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
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Photo via Shutterstock

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Pre-Market Outlook

Markets

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SAIL

Top Wall Street Forecasters Revamp SailPoint Expectations Ahead Of Q1 Earnings

Veteran short seller Jim Chanos on Tuesday blasted the financial instruments employed by Michael Saylor&#8217;s company, Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), to sustain its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) play.
What happened: In an X post, Chanos argued that Saylor wants investors to value Strategy not only based on the net asset value of its Bitcoin holdings at market prices, i.e., NAV, but also to apply a multiple to the change in that NAV.
"It's like claiming that your house, which increased in market value last year from $450,000 to $500,000, is actually worth $1.5 million, because you also have to put a 20x multiple on the $50,000 increase," Chanos said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is of course, complete financial gibberish. Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on the change in that NAV! Because now he can leverage his balance sheet, lol. <a href="https://t.co/DOiEe4aJXn">https://t.co/DOiEe4aJXn</a>
&mdash; James Chanos (@RealJimChanos) <a href="https://twitter.com/RealJimChanos/status/1932497480547250574?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The sharp reaction followed Saylor&#8217;s criticism of Chanos&#8217; long Bitcoin, short Strategy position during a Bloomberg interview.
"I don't think he understands what our business model is," Saylor said. "What he still doesn't understand is that we are not a holding company or a closed-end trust, we are an operating company."
Saylor argued that, unlike trusts, Strategy can employ corporate maneuvers, such as selling preferred stock, to neutralize strategies such as those recommended by Chanos.
He said that if the premium to the value of Bitcoin holdings declines significantly, the company will issue preferred stock and buy back the common stock. "And if the stock rallies up, he's going to get liquidated and wiped out."
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Chanos deemed these remarks as "complete financial gibberish," noting that Saylor's policies haven't changed Strategy's NAV significantly since the company pivoted to a Bitcoin standard in 2020.
Why It Matters: Chanos revealed an <a href="https://www.benzinga.com/short-sellers/25/05/45483508/jim-chanos-goes-long-bitcoin-short-microstrategy-in-arbitrage-bet-against-retail-speculation">arbitrage opportunity</a> in shorting Strategy&#8217;s stock while buying Bitcoin last month, suggesting that the stock&#8217;s premium over Bitcoin&#8217;s value is not justified.
For context, a NAV premium refers to the difference between Strategy's market capitalization and the value of its Bitcoin holdings. It is seen as a gauge of investor sentiment toward Bitcoin and the company's approach. As of this writing, the <a href="https://www.strategy.com/notes">NAV </a>stood at 1.87.
Strategy has led Bitcoin&#8217;s corporate adoption, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45837005/strategy-buys-another-110-million-in-bitcoin-now-holds-582000-btc">building its reserve</a> with proceeds from common stock, preferred stock, and convertible bond issuances. The firm held a stash worth $63.4 billion as of this writing, <a href="https://bitcointreasuries.net/">according </a>to bitcointreasuries.net.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $109,486.50, down 0.10% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Shares of MSTR were up 0.33% in after-hours trading after closing 0.24% lower at $391.18 during Tuesday&#8217;s regular trading session.
MSTR demonstrated a very high momentum score—a measure of the stock's relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. To find out how MSTR compares against other cryptocurrency-related stocks on different metrics, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="882" height="634" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149.png" alt="" class="wp-image-945689" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149.png 882w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149-300x216.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149-768x552.png 768w" sizes="(max-width: 882px) 100vw, 882px" /></a></figure>
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45739199/american-politicians-dont-believe-bitcoin-can-co-exist-peacefully-with-the-dollar-says-this-popular-btc-maximalist-heres-why">American Politicians Don&#8217;t Believe Bitcoin Can &#8216;Co-Exist Peacefully&#8217; With The Dollar, Says This Popular BTC Maximalist: Here&#8217;s Why</a></li>
</ul>
Photo courtesy: PJ McDonnell / Shutterstock.com

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

MSTR

Michael Saylor Says Jim Chanos Doesn't Understand Strategy's Model, Criticizes Long Bitcoin, Short MSTR Trade—Short Seller Hits Back With 'Financial Gibberish' Remark

Sen. Josh Hawley (R-Mo.) and Peter Welch (D-Vt.) have proposed legislation to raise the federal minimum wage from its current rate of $7.25 to $15 per hour.
What Happened: The Higher Wages for American Workers Act, introduced by Senators Hawley and Welch on Tuesday, aims to increase the federal minimum wage to $15 per hour and tie future increases to inflation. Currently, the inflation-adjusted federal minimum wage is at its lowest level since the 1940s. This proposal is part of Hawley&#8217;s wider &#8220;Pro-Worker Framework for the 119th Congress,&#8221; which includes strengthening protections for union jobs and collective bargaining.
&#8220;For&nbsp;decades, working Americans have seen&nbsp;their wages flatline. One major&nbsp;culprit of this is the&nbsp;failure of&nbsp;the federal minimum wage to&nbsp;keep up with the economic&nbsp;reality facing hardworking Americans every&nbsp;day,&#8221; said Senator Hawley.
If enacted this year, the bill would raise the federal minimum wage to $15 per hour beginning in January 2026, with future increases tied to inflation. 
Senator Hawley&#8217;s support for raising the federal minimum wage marks a break from the Republican Party&#8217;s traditional opposition, reflecting a broader shift during the Donald Trump era as the GOP embraces more populist policies to appeal to working-class voters.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45855937/jeremy-siegel-backs-ted-cruzs-plan-to-end-fed-interest-payments-on-excess-reserves-" target="_blank" rel="noreferrer noopener">Jeremy Siegel Backs Ted Cruz&#8217;s Plan To End Fed Interest Payments On &#8216;Excess Reserves,&#8217; Potentially Saving $2 Trillion In Deficits: &#8216;Not A Trivial Concern&#8217;</a>
Why It Matters: This move follows Hawley&#8217;s previous efforts to support working-class Americans. In April 2025, Hawley proposed a substantial tax cut aimed at those earning less than $80,000 annually. This proposal, which aimed to make standard income tax breaks refundable against payroll taxes, was touted as a potential &#8220;historic&#8221; <a href="https://www.benzinga.com/25/04/44831978/senator-josh-hawley-proposes-historic-tax-cuts-for-americans-earning-below-80k-annually-republicans-should-fix-this-now">tax reduction </a>for working families across the country. 
Earlier this year, he teamed up with Sen. Bernie Sanders (I-VT) to introduce legislation to cap credit card interest rates at 10%. In recent weeks, Hawley has been urging his party against cuts to <a href="https://www.benzinga.com/25/05/45369487/josh-hawley-slams-gop-identity-crisis-over-medicaid-calls-proposed-cuts-morally-wrong-and-politically-suicidal">Medicaid benefits</a> in Trump&#8217;s &#8216;Big, Beautiful Bill.&#8217;
The proposed minimum wage increase is another step in Hawley&#8217;s ongoing efforts to address financial hardship and high living costs faced by many Americans. Notably, In January, Scott Bessent as a Treasury Secretary nominee, had opposed raising the minimum wage rate on a federal level citing it as a state or regional issue. 
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/sports/25/06/45829858/shaq-settled-on-angel-reese-for-reebok-endorsement-due-to-budget-constraints-i-had-to-deal-with-something-i-never-had-to-deal-with" target="_blank" rel="noreferrer noopener">Shaq Settled on Angel Reese for Reebok Endorsement Due to Budget Constraints: &#8216;I Had To Deal With Something I Never Had To Deal With&#8217; &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
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Josh Hawley, Peter Welch Propose Raising Federal Minimum Wage To $15 By 2026, Tied To Inflation

A federal appeals court allowed President Donald Trump&#8216;s sweeping tariffs to remain in effect Tuesday while reviewing the lower court decisions that blocked the duties on constitutional grounds.
What Happened: The U.S. Court of Appeals for the <a href="https://www.reuters.com/world/us/trump-tariffs-may-remain-effect-while-appeals-proceed-us-appeals-court-decides-2025-06-11/">Federal Circuit granted a temporary stay</a>, preserving Trump&#8217;s &#8220;Liberation Day&#8221; tariffs on most trading partners and separate duties on Canada, China and Mexico. The court scheduled oral arguments for July 31 and ordered the full 11-member panel to hear the case due to its &#8220;exceptional importance.&#8221;
The decision reverses two lower-court rulings that struck down the tariffs. On May 28, the U.S. Court of International Trade ruled unanimously that <a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">Trump exceeded his authority</a> by using the International Emergency Economic Powers Act (IEEPA) to impose the duties. The three-judge panel stated the Constitution grants Congress, not the president, the power to levy tariffs.
A separate federal district court in Washington blocked the emergency tariff authority, with Judge Rudolph Contreras writing that IEEPA &#8220;does not grant Trump the authority to impose or adjust tariffs without approval from Congress.&#8221;
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45876652/trump-family-backed-bitcoin-mining-firm-acquires-23-million-worth-of-btc-signals-more-accumulation-in-the-future">Trump Family-Backed Bitcoin Mining Firm Acquires $23 Million Worth Of BTC, Signals More Accumulation In The Future</a>
Why It Matters: The <a href="https://www.benzinga.com/news/legal/25/06/45719301/trump-rails-against-court-rulings-blocking-his-tariffs-says-us-could-be-held-hostage-by-foreign-nations">tariffs generate approximately $200 billion</a> annually and include 10% across-the-board duties, 20% on Chinese imports, and 25% on non-USMCA goods from Canada and Mexico. The fluctuating nature has created market volatility and supply chain disruptions for companies managing production and pricing strategies.
Trump cited fighting fentanyl trafficking and addressing trade deficits as justification for the tariffs under IEEPA, historically used for sanctions rather than trade duties. Jeffrey Schwab, attorney for affected small businesses, said, &#8220;every court to rule on the merits so far has found these tariffs unlawful.&#8221;
Goldman Sachs analysts noted Trump could reimpose similar tariffs &#8220;within days&#8221; <a href="https://www.benzinga.com/news/25/05/45688655/trump-administration-mulls-global-tariffs-of-about-15-for-150-days-under-existing-trade-laws-report">using Section 122 trade law</a>, which allows 15% tariffs for 150 days without congressional approval. The ruling has no impact on tariffs levied under traditional legal authority, such as steel and aluminum duties.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Rawpixel.com / Shutterstock.com

Appeals Court Allows Trump's Tariffs To Remain In Effect While It Reviews The Lower Court's Decision

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Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) will release its first-quarter financial results before the <a href="https://www.benzinga.com/quote/VSCO/earnings">opening bell on Wednesday, June 11.</a>
Analysts expect the Reynoldsburg, Ohio-based company to report quarterly earnings at 28 cents per share, down from 40 cents per share in the year-ago period. Victoria&#8217;s Secret projects quarterly revenue of $1.41 billion, compared to $1.42 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On June 5, Barclays analyst Adrienne Yih maintained Victoria&#8217;s Secret with an Overweight rating and lowered the price target from $23 to $22.
Victoria&#8217;s Secret shares fell 2.3% to close at $22.20 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/VSCO/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Barclays analyst Adrienne Yih maintained an Overweight rating and cut the price target from $23 to $22 on June 5, 2025. This analyst has an accuracy rate of 63%.</li>
<li>Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $24 on June 4, 2025. This analyst has an accuracy rate of 60%.</li>
<li>JP Morgan analyst Matthew Boss maintained a Neutral rating and raised the price target from $17 to $22 on May 19, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Wells Fargo analyst Ike Boruchow maintained an Underweight rating and raised the price target from $12 to $15 on May 14, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and cut the price target from $23 to $19 on May 6, 2025. This analyst has an accuracy rate of 65%</li>
</ul>
Considering buying VSCO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/VSCO/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="591" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147-1024x591.png" alt="" class="wp-image-945639" style="width:651px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147-1024x591.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147-768x443.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147.png 1121w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo via Shutterstock

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The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, as the Dow Jones index gained more than 100 points during the session, with investors closely watching for potential progress in ongoing U.S.-China trade negotiations taking place in London.
Shares of Casey's General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) jumped around 12% on Tuesday after the company reported better-than-expected fourth-quarter financial results and increased its quarterly dividend. Shares of Calavo Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) dipped more than 16% after the company reported worse-than-expected second-quarter financial results.
On the economic data front, the NFIB Small Business Optimism Index rose to 98.8 in May from 95.8 in April and topping market estimates of 95.9.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, health care and consumer discretionary stocks recording the biggest gains on Tuesday. However, industrial stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 105 points to 42,866.87 on Tuesday. The S&amp;P 500 rose 0.55% to 6,038.81, while the Nasdaq Composite climbed 0.63% to 19,714.99 during Tuesday's session.
Investors are awaiting earnings results from Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 63.7, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 61.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo via Shutterstock

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