Crude Oil Down 1%; Gevo Shares Spike Higher

Market Performance - U.S. stocks traded higher, with the S&P 500 gaining around 1% on Tuesday, closing at 6,439.10 [1] - The Dow rose 1.04% to 44,431.01, and the NASDAQ increased by 1.26% to 21,654.94 [1] - Communication services shares jumped by 1.8%, while consumer staples stocks fell by 0.8% [1] Inflation Data - The U.S. annual inflation rate remained steady at 2.7% in July, down from market estimates of 2.8% [2][8] - Core inflation rose to a five-month high of 3.1%, up from 2.9% in June [2][8] Commodity Prices - Oil traded down 1.2% to $63.20, while gold decreased by 0.2% to $3,399.00 [5] - Silver rose by 0.5% to $37.965, and copper increased by 1.9% to $4.5240 [5] European Market Performance - European shares were mostly higher, with the eurozone's STOXX 600 rising 0.21% [6] - Spain's IBEX 35 Index rose 0.02%, London's FTSE 100 increased by 0.20%, while Germany's DAX 40 declined by 0.23% [6] Asian Market Performance - Asian markets closed mostly higher, with Japan's Nikkei 225 gaining 2.15% and Hong Kong's Hang Seng rising 0.25% [7] - China's Shanghai Composite increased by 0.50%, while India's BSE Sensex fell by 0.46% [7] Company-Specific Movements - 180 Life Sciences Corp. shares surged 259% to $11.99 after completing a $156 million private offering [9] - Gevo, Inc. shares rose 52% to $1.9000 following better-than-expected Q2 EPS results [9] - WideOpenWest, Inc. shares gained 49% to $5.04 after agreeing to be acquired for $5.20 per share [9] - Spirit Aviation Holdings, Inc. shares dropped 40% to $2.1500 after the acquisition announcement [9] - Myomo, Inc. shares fell 40% to $1.0550 after reporting Q2 results and issuing lower Q3 sales guidance [9] - BigBear.ai Holdings, Inc. shares decreased by 18% to $5.82 after reporting worse-than-expected Q2 results and cutting FY25 sales guidance [9]