U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 100 points on Tuesday.
The Dow traded down 0.28% to 46,253.59 while the NASDAQ fell 0.85% to 22,594.47. The S&P 500 also fell, dropping, 0.57% to 6,655.37.
Check This Out: Top 2 Tech Stocks That May Plunge This Month
Leading and Lagging Sectors
Energy shares jumped by 2.5% on Tuesday.
In trading on Tuesday, consumer discretionary stocks fell by 0.8%.
Top Headline
The S&P Global US composite PMI declined to 53.6 in September from 54.6 in the previous month, missing market expectations.
Equities Trading UP
- Super League Enterprise, Inc. (NASDAQ:SLE) shares shot up 173% to $8.97 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 108% to $0.7681 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.
- Better Home & Finance Holding Company (NASDAQ:BETR) shares were also up, gaining 27% to $63.50 after investor Eric Jackson recently said his firm holds a long position.
Equities Trading DOWN
- Boxlight Corporation (NASDAQ:BOXL) shares dropped 36% to $3.07 after the company announced the pricing of a $4 million offering of 1,333,333 shares at $3.00 per share.
- Shares of Firefly Aerospace Inc. (NASDAQ:FLY) were down 12% to $43.76 as the company posted a second-quarter loss of $5.78 per share, versus a year-ago loss of $4.60 per share.
- Bitfarms Ltd. (NASDAQ:BITF) was down, falling 10% to $2.7650.
Commodities
In commodity news, oil traded up 2% to $63.55 while gold traded up 0.7% at $3,801.30.
Silver traded up 0.5% to $44.425 on Tuesday, while copper rose 0.1% to $4.6375.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.54%, while Spain's IBEX 35 Index rose 0.44%. London's FTSE 100 rose 0.26%, Germany's DAX 40 rose 0.46% and France's CAC 40 surged 1.00% 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.
Now Read This:
Photo via Shutterstock
