U.S. stocks traded lower this morning, with the Dow Jones falling more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.26% to 46,195.25 while the NASDAQ fell 0.21% to 22,544.07. The S&P 500 also fell, dropping, 0.17% to 6,649.65.
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Leading and Lagging Sectors
Health care shares jumped by 0.8% on Tuesday.
In trading on Tuesday, energy stocks fell by 1.7%.
Top Headline
Paychex (NASDAQ:PAYX) stock fell around 4% on Tuesday after the company reported fiscal first-quarter 2026 results.
The company reported sales growth of 17% year-over-year (Y/Y) to $1.540 billion, topping the analyst consensus estimate of $1.538 billion. Adjusted EPS of $1.22 beat the analyst consensus estimate of $1.21.
Paychex raised fiscal 2026 adjusted EPS guidance (from $5.40-$5.50) to $5.43-$5.53 (compared to $5.45 analyst consensus estimate).
Equities Trading UP
- Zhengye Biotechnology Holding Limited (NASDAQ:ZYBT) shares shot up 70% to $3.72.
- Shares of Beneficient (NASDAQ:BENF) got a boost, surging 62% to $0.5898 after reporting fourth-quarter results.
- Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) shares were also up, gaining 52% to $1.37 after the company announced its subsidiary Sunrise New Energy Material was granted U.S. Patent No. US 12,371,341 B2, titled “Preparation Method of an Anode Material for Lithium-Ion Batteries.”
Equities Trading DOWN
- Erayak Power Solution Group Inc. (NASDAQ:RAYA) shares dropped 45% to $4.6888.
- Shares of NovaBay Pharmaceuticals, Inc. (NYSE:NBY) were down 13% to $1.35.
- Mingteng International Corporation Inc. (NASDAQ:MTEN) was down, falling 34% to $4.1002.
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Commodities
In commodity news, oil traded down 1.8% to $62.33 while gold traded up 0.5% at $3,875.40.
Silver traded down 0.4% to $46.825 on Tuesday, while copper fell 0.5% to $4.8680.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.2%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 rose 0.4%, Germany's DAX 40 gained 0.2% and France's CAC 40 fell 0.3% during the session.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 0.25%, Hong Kong's Hang Seng gaining 0.87%, China's Shanghai Composite rising 0.52% and India's BSE Sensex falling 0.12%.
Economics
- The Dallas Fed’s general business activity index fell 12 points to a reading of -5.6 in September.
- U.S. job openings rose by 19,000 to 7.227 million in August, from a revised 7.208 million reading in the previous month.
- The Chicago Business Barometer declined to 40.6 in September from 41.5 in the previous month, compared to market expectations of 43.
- The S&P CoreLogic Case-Shiller Home Price Index increased 1.8% year-over-year in July.
- The FHFA house price index declined by 0.1% from the previous month in July.
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