U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 250 points on Monday.
Following the market opening Tuesday, the Dow traded up 0.57% to 46,648.21 while the NASDAQ fell 0.33% to 22,714.37. The S&P 500 also fell, dropping, 0.01% to 6,693.29.
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Leading and Lagging Sectors
Energy shares jumped by 2.2% on Tuesday.
In trading on Tuesday, consumer discretionary stocks fell by 0.6%.
Top Headline
AutoZone, Inc. (NYSE:AZO) reported fourth-quarter earnings and sales that fell short of Wall Street expectations.
The company reported fourth-quarter earnings per share of $48.71, missing the analyst consensus estimate of $50.91. Quarterly sales of $6.242 billion (+0.6% year over year) missed the Street view of $6.245 billion.
Equities Trading UP
- Super League Enterprise, Inc. (NASDAQ:SLE) shares shot up 222% to $10.56 after the company announced a private placement financing and investment from Evo Fund.
- Shares of Innovation Beverage Group Limited (NASDAQ:IBG) got a boost, surging 126% to $0.8299 after the company announced it entered into a non-binding letter of intent for a merger transaction with BlockFuel Energy. The company announced a 5-for-1 reverse stock split.
- STRATA Skin Sciences, Inc. (NASDAQ:SSKN) shares were also up, gaining 60% to $2.7103.
Equities Trading DOWN
- Boxlight Corporation (NASDAQ:BOXL) shares dropped 37% to $3.00 after the company announced the pricing of a $4 million offering of 1,333,333 shares at $3.00 per share.
- Shares of AtlasClear Holdings, Inc (NYSE:ATCH) were down 21% to $0.4556.
- GDEV Inc. (NASDAQ:GDEV) was down, falling 20% to $25.07.
Commodities
In commodity news, oil traded up 1.8% to $63.41 while gold traded up 1.1% at $3,816.20.
Silver traded up 1% to $44.660 on Tuesday, while copper rose 0.2% to $4.6400.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.7%, while Spain's IBEX 35 Index rose 0.4%. London's FTSE 100 rose 0.4%, Germany's DAX 40 rose 0.6% and France's CAC 40 surged 1.1% during the session.
Asia Pacific Markets
Asian markets closed lower on Tuesday, with Hong Kong's Hang Seng dipping 0.70%, China's Shanghai Composite falling 0.18% and India's BSE Sensex falling 0.07%.
Economics
- The S&P Global US services PMI declined to 53.9 in September from 54.5 in the previous month.
- The S&P Global US manufacturing PMI fell to 52 in September from 53 in August.
- The United States current account deficit shrank by 42.9% to $251.3 billion in the second quarter.
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