U.S. stocks traded mixed this morning, with the Dow Jones falling more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.21% to 51,374.54 while the NASDAQ rose 0.03% to 26,828.76. The S&P 500 also fell, dropping, 0.05% to 7,679.95.
Leading and Lagging Sectors
Industrials shares jumped by 0.5% on Tuesday.
In trading on Tuesday, consumer staples stocks fell by 0.9%.
Top Headline
Carnival (NYSE:CCL) reported better-than-expected third-quarter financial results and raised its FY26 adjusted EPS guidance above estimates.
Carnival reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.36 per share. The company reported quarterly sales of $8.435 billion which beat the analyst consensus estimate of $8.300 billion.
Equities Trading UP
- BIO-Key International Inc (NASDAQ:BKYI) shares shot up 127% to $3.81 after the company announced a strategic partnership with Al Majlis Group to bring its identity security platform to government and private sector organizations across the UAE and Saudi Arabia.
- Shares of SoundThinking Inc (NASDAQ:SSTI) got a boost, surging 52% to $8.30 after the company announced it will be acquired by Transom Capital.
- Southland Holdings Inc (NYSE:SLND) shares were also up, gaining 52% to $0.93. Southland was awarded $71 million water pipeline project in the Southwest.
Equities Trading DOWN
- NewGenIvf Group Ltd (NASDAQ:NIVF) shares dipped 76% to $0.082 after the company announced it priced its $1.25 million public offering of 17,857,143 share or pre-funded warrants at $0.07 per share.
- Shares of Triller Group Inc (NASDAQ:ILLR) were down 37% to $0.21.
- Uniqure NV (NASDAQ:QURE) was down, falling 35% to $25.24 after the company announced that cUHDRS showed a 44% slowing of disease progression compared to the updated external control and did not reach statistical significance.
Commodities
In commodity news, oil traded down 2% to $90.74 while gold traded up 0.6% at $4,192.20.
Silver traded down 0.6% to $61.330 on Tuesday, while copper fell 0.3% to $6.6150.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 rose 0.3%, while Spain’s IBEX 35 Index rose 0.1%, London’s FTSE 100 fell 0.1%, Germany’s DAX gained 0.6%, while France’s CAC 40 slipped 0.1%.
Asia Pacific Markets
Asian markets closed mostly lower on Tuesday, with Japan’s Nikkei 225 dipping 0.60%, Hong Kong’s Hang Seng index dropping 0.48%, China’s SSE Composite Index gaining 0.18% and India’s BSE Sensex falling 0.33%.
Economics
- U.S. job openings declined by 256,000 to 7.079 million in August from a revised 7.335 million in the previous month, versus market estimates of 7.23 million.
- The FHFA house price index increased 0.3% month-over-month in July, compared to market estimates of a 0.1% gain.
- The S&P Cotality Case-Shiller Home Price Index increased 2.5% year-over-year in July, up from market expectations of 2.2%.
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