U.S. stocks traded lower this morning, with the Dow Jones index falling more than 300 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.62% to 51,390.66 while the NASDAQ fell 1.88% to 25,675.75. The S&P 500 also fell, dropping, 1.39% to 7,370.98.

Leading and Lagging Sectors

Consumer staples shares jumped by 1.3% on Tuesday.

In trading on Tuesday, information technology stocks fell by 3.1%.

Top Headline

Korn Ferry (NYSE:KFY) reported upbeat earnings for the fourth quarter.

The company posted quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.38 per share. The company reported quarterly sales of $768.256 million which beat the analyst consensus estimate of $743.340 million.

Equities Trading UP
           

  • Atlantic International Corp (NASDAQ:ATLN) shares shot up 151% to $1.10 after the company announced that Seven Stars, a company within its Circle8 Group platform, secured an approximately $52 million four-year framework agreement by the Dutch Vehicle Authority.
  • Shares of Ridgetech Inc (NASDAQ:RDGT) got a boost, surging 86% to $2.55.
  • Boundless Bio Inc (NASDAQ:BOLD) shares were also up, gaining 67% to $2.34. Boundless Bio and Serapha Bio signed an all-stock merger agreement.

Equities Trading DOWN

  • Nexentis Technologies Inc (NASDAQ:NXTS) shares dropped 50% to $6.52. NXTS shares surged 155.91% during Monday’s regular trading session to close at $13.00.
  • Shares of INLIF Ltd (NASDAQ:INLF) were down 47% to $0.059.
  • Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) was down, falling 37% to $2.41. Wheeler Real Estate Investment Trust filed prospectus for offering 100.09 million common shares.

Commodities

In commodity news, oil traded down 0.3% to $73.64 while gold traded down 1.8% at $4,129.30.

Silver traded down 5.6% to $61.920 on Tuesday, while copper fell 3% to $6.1790.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 declined 0.9%, while Spain’s IBEX 35 Index fell 0.7%. London’s FTSE 100 fell 0.4%, Germany’s DAX dipped 0.9%, while France’s CAC 40 fell 0.7%.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan’s Nikkei 225 dipping 3.55%, Hong Kong’s Hang Seng Index falling 1.82%, China’s Shanghai Composite declining 1.37% and India’s BSE Sensex falling 1.16%.

Economics

The S&P Global composite PMI will be released today.

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