Market Recap: Biggest S&P 500 Movers on Tuesday

In Tuesday’s trading session, the S&P 500 saw some major movers, both in terms of decliners and advancers.

On the decliners side, United Parcel Service (UPS) shares took a hit, plunging 12.1% after the company reported second-quarter sales and profits that fell short of expectations. Paccar (PCAR) and A.O. Smith (AOS) also saw their shares drop due to various factors affecting their performance.

In contrast, Pentair (PNR) shares jumped 9.0%, leading the advancers in the S&P 500, after the company exceeded analysts’ estimates with its second-quarter results. MSCI (MSCI) also saw a 7.9% increase in its shares after reporting better-than-expected sales and profits.

Additionally, Sherwin-Williams (SHW) shares rose 6.9% following a strong earnings report, boosting the company’s full-year profit guidance.

In other news, NXP Semiconductors (NXPI) shares tumbled after the company issued a weaker-than-expected current quarter outlook, citing a slowdown in spending by automotive customers and rising geopolitical risks.

Overall, the market is showing some volatility with major indexes pointing to a lower open, but certain companies are still managing to outperform and make significant gains.