Gold Sinks 5% On Worst Day In 5 Years, Dow Jones Hits Record Highs: What's Moving Markets Tuesday?

Market Overview - Gold prices experienced a significant correction, dropping more than 5% to $4,100 per ounce, marking the steepest one-day decline since August 2020 [3] - The Dow Jones Industrial Average reached a new all-time high of 47,050 points, climbing 0.7%, while the S&P 500 and Nasdaq 100 remained near record levels [1][4] Company Performance - General Motors Co. surged over 15% after exceeding earnings expectations and raising its 2025 profit outlook to $12–$13 billion, driven by strong demand for pickups and SUVs [2] - Newmont Corp. saw a nearly 10% decline in its stock price due to the drop in gold prices [3] - The VanEck Gold Miners ETF fell 9.5%, marking its worst day in over five years [3] ETF Performance - The Vanguard S&P 500 ETF increased by 0.17% to $618.24, while the SPDR Dow Jones Industrial Average ETF rose 0.7% to $470.45 [6] - The tech-heavy Invesco QQQ Trust Series remained stable at $611.92, and the iShares Russell 2000 ETF held steady at $248.04 [6] Upcoming Earnings Reports - Companies scheduled to report earnings include Netflix Inc., Texas Instruments Inc., and Capital One Financial Corp. among others [7]