U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Tuesday.

The Dow traded down 0.40% to 52,971.81 while the NASDAQ dipped 0.52% to 26,232.46. The S&P 500 also fell, dropping, 0.35% to 7,659.14.

Leading and Lagging Sectors

Consumer staples shares jumped by 0.9% on Tuesday.

In trading on Tuesday, consumer discretionary stocks fell by 1.6%.

Top Headline

The ISM manufacturing PMI declined to 54.6 in August from 55.6 in the previous month, and down from market estimates of 55.2. 

Equities Trading UP
           

  • bioAffinity Technologies Inc (NASDAQ:BIAF) shares shot up 56% to $7.12 after the company announced that it is advancing the potential application of its CyPath Lung Test.
  • Shares of Fervo Energy Co (NASDAQ:FRVO) got a boost, surging 17% to $18.07 following reports suggesting it signed a deal to deliver power to Google in 2028.
  • Wetour Robotics Ltd (NASDAQ:WETO) shares were also up, gaining 16% to $6.33 after the company announced it released a development demonstration of Orchestra combining surface electromyography with first-person vision to capture richer human-hand data for robot learning.

Equities Trading DOWN

  • Alumis Inc (NASDAQ:ALMS) shares dropped 53% to $10.21 after the company disclosed topline results from Envudeucitinib Phase 2b trial in Systemic Lupus Erythematosus (SLE).
  • Shares of Rezolve AI PLC (NASDAQ:RZLV) were down 19% to $2.34 after the company reported H1 results.
  • Nocera Inc (NASDAQ:NCRA) was down, falling 21% to $2.23.

Commodities

In commodity news, oil traded up 3% to $88.37 while gold traded down 1.6% at $4,409.10.

Silver traded down 2.2% to $65.535 on Tuesday, while copper fell 1.3% to $6.5995.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 slipped 0.3%, while Spain’s IBEX 35 Index fell 0.4%, London’s FTSE 100 fell 0.2%, Germany’s DAX dipped 0.9%, while France’s CAC 40 fell 0.2%.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan’s Nikkei 225 falling 0.15%, Hong Kong’s Hang Seng index declining 0.93%, China’s Shanghai Composite declining 0.16% and India’s BSE Sensex falling 0.02%.

Economics

  • The US Logistics Managers’ Index declined for a second straight month to a reading of 66.6 in August from 68.9 in the previous month.
  • U.S. job openings rose by 89,000 to 7.271 million in July compared to a revised 7.182 million in the previous month, and down from market estimates of 7.30 million.
  • The ISM manufacturing PMI declined to 54.6 in August from 55.6 in the previous month, and down from market estimates of 55.2. 
  • The S&P Global manufacturing PMI was revised higher to 53.9 in August from the flash reading of 53.2.

Photo via Shutterstock