Stock market today: Live updates

Shares of Johnson & Johnson gained more than 1% after the pharmaceutical giant reported better-than-expected second-quarter earnings.

The company earned $2.77 per share, excluding certain items. That’s above an LSEG consensus estimate of $2.68 per share. Revenue of $23.74 billion was about in line with expectations.

— Fred Imbert

Marie Bjerre, Denmark’s minister for European affairs, told CNBC that U.S. President Donald Trump’s plans to slap 30% tariffs on EU goods is “completely unacceptable.”

“It is certainly interesting times — now, President Trump announced that he will impose 30% tariffs on Europe, and I have to say that is completely unacceptable, that is unjustified,” she said in an interview with CNBC’s “Europe Early Edition.”

“Europe is a trading partner that you can rely on, that you can trust in, and we will go into negotiation with the U.S. in good faith – but we also know that Europe … having a single market with 450 million consumers, we are very attractive market, and therefore we also ready to defend our interests, and we are ready to come with countermeasures if required.”

When asked if the EU could reach a trade compromise with Washington before Trump’s Aug. 1 deadline, Bjerre said it was “very hard to say.”

“We keep being surprised about which [tariff rate] is now imposed on us,” she said. “It started [at] 10% then it was even more, then it was back to 10%, then it was suspended, and now it’s 30% – it is, I have to say, quite unreliable.”

— Chloe Taylor

The opening bell rang around 30 minutes ago, and European stocks are broadly trading in negative territory. Hot U.S. and U.K. inflation prints, concern about the regional semiconductor sector and a profit warning from Renault all weighed on sentiment.

The pan-European Stoxx 600 was last seen trading 0.2% lower, with sectors trading mixed. Among major bourses, France’s CAC index led losses with a 0.24% loss.

— Chloe Taylor

President Donald Trump said Tuesday that a group of House Republicans who blocked several cryptocurrency regulation bills from moving forward earlier in the day had changed their minds following a White House meeting, and would now vote to advance the legislation.

“I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule,” Trump wrote on Truth Social shortly before 9 p.m. ET.

Trump said that House Speaker Mike Johnson called into the meeting and “looks forward to taking the Vote as early as possible.”

It was a dramatic, quick rebound for the Trump-supported pieces of legislation, which just hours before had faced an uncertain path forward, after the bills failed to clear a key procedural hurdle.

Read the full story here.

— Erin Doherty

The Wall Street Journal, citing people familiar, reported Tuesday that the Trump administration is nearing an executive order that would make private market investments more readily available in 401(k) plans.

The Journal reported that this order would call on the Labor Department and Securities and Exchange Commission to provide employers and plan administrators with guidance on including these private assets.

Shares of asset managers that operate in the private market space advanced in extended trading, with Apollo Global adding 2% and KKR rising 1.7%.

—Jason Gewirtz, ‎Darla Mercado

Check out some of the companies making headlines in extended trading.

Global Payments — Shares of the financial technology company advanced roughly 5%. The movement came after a Financial Times report that said activist investor Elliott Management added to its stake in Global Payments.Hancock Whitney — The bank holding company slid more than 3% in extended trading. Adjusted earnings for the second quarter came in at $1.37 per share, falling short of the FactSet consensus estimate of $1.36 per share. Net interest income landed at $279.5 million, narrowly beating analysts’ call for $277.7 million.Omnicom Group — The marketing and sales stock gained more than 2% after second-quarter results surpassed analyst estimates on the top and bottom line. Omnicom reported earnings per share of $2.05, excluding items, on revenue of $4.02 billion. Analysts surveyed by FactSet were looking for $2.02 per share and $3.98 billion.

Read the full list here.

— Brian Evans

Stock futures were little changed on Tuesday evening, with investors awaiting fresh corporate earnings and inflation data.

Futures tied to the Dow Jones Industrial Average pulled back 47 points, or 0.1%, while S&P 500 futures dipped 0.1%. Nasdaq 100 futures slipped 0.1%.

— Brian Evans