U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 1% on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.64% to 45,255.26 while the NASDAQ fell 1.04% to 21,232.05. The S&P 500 also fell, dropping, 0.87% to 6,404.13.
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Leading and Lagging Sectors
Energy shares jumped by 0.3% on Tuesday.
In trading on Tuesday, information technology stocks fell by 1.3%.
Top Headline
Signet Jewelers Limited (NYSE:SIG) reported better-than-expected earnings for the second quarter on Tuesday.
The company posted quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $1.23 per share. The company reported quarterly sales of $1.53 billion which beat the analyst consensus estimate of $1.50 billion.
Equities Trading UP
- HWH International Inc. (NASDAQ:HWH) shares shot up 182% to $4.09.
- Shares of Carisma Therapeutics, Inc (NASDAQ:CARM) got a boost, surging 110% to $0.4513 after the company announced it will receive a $5 million investment from Ocugen as part of a merger with Ocugen’s subsidiary OrthoCelix.
- Mineralys Therapeutics, Inc. (NASDAQ:MLYS) shares were also up, gaining 80% to $27.84.
Equities Trading DOWN
- CleanCore Solutions, Inc. (NYSE:ZONE) shares dropped 58% to $2.9138 after the company announced a $175,000,420 PIPE agreement for offer and sale of 175,000,420 pre-funded warrants.
- Shares of Chijet Motor Company, Inc. (NASDAQ:CJET) were down 54% to $0.8100.
- Celularity Inc. (NASDAQ:CELU) was down, falling 42% to $2.2250. Celularity received Nasdaq notification regarding Form 10-Q.
Commodities
In commodity news, oil traded up 2.8% to $65.80 while gold traded up 1.3% at $3,560.80.
Silver traded up 2.2% to $41.615 on Tuesday, while copper fell 0.3% to $4.5755.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 1.1%, while Spain's IBEX 35 Index fell 1.4%. London's FTSE 100 fell 0.5%, Germany's DAX 40 declined 1.5% and France's CAC 40 fell 0.3% during the session.
Asia Pacific Markets
Asian markets closed mostly lower on Tuesday, with Japan's Nikkei 225 gaining 0.29%, Hong Kong's Hang Seng falling 0.47%, China's Shanghai Composite declining 0.45% and India's BSE Sensex falling 0.26%.
Economics
- The S&P Global manufacturing PMI came in at 53.0 in August, compared to the preliminary reading of 53.3 and versus 49.8 in July.
- U.S. construction spending declined by 0.1% month-over-month to an annual rate of $2,139.1 billion in July.
- The ISM manufacturing PMI rose to 48.7 in August compared to 48.0 in the previous month, but came in short of market estimates of 49.0.
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