U.S. stocks traded lower this morning, with the Dow Jones index falling more than 350 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.86% to 45,812.92 while the NASDAQ fell 0.87% to 21,756.87. The S&P 500 also fell, dropping, 0.72% to 6,533.64.
Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings
Leading and Lagging Sectors
Energy shares climbed by 1.7% on Tuesday.
In trading on Tuesday, information technology stocks fell by 1.1%.
Top Headline
Core & Main, Inc. (NYSE:CNM) posted mixed results for the fourth quarter on Tuesday.
The company posted adjusted EPS of 52 cents, beating market estimates of 42 cents. The company's quarterly sales came in at $1.581 billion, missing expectations of $1.599 billion.
Core & Main said it sees FY2026 sales of $7.800 billion-$7.900 billion, versus estimates of $7.994 billion.
Equities Trading UP
- Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) shares shot up 94% to $0.5747 after the company announced that it terminated an at-the-market equity sales agreement with Alliance Global Partners.
- Shares of AleAnna, Inc. (NASDAQ:ANNA) got a boost, surging 44% to $7.86.
- ENvue Medical, Inc. (NASDAQ:FEED) shares were also up, gaining 39% to $2.01 after the company announced a purchase of the ENvue Navigation Platform and feeding tubes by a premier teaching hospital and Level I Trauma Center in Michigan, bringing the company’s total U.S. footprint to 39 hospitals.
Equities Trading DOWN
- Ridgetech, Inc. (NASDAQ:RDGT) shares dropped 49% to $1.81. This month, the company disclosed its 2026 dual-engine growth strategy.
- Shares of Outlook Therapeutics, Inc. (NASDAQ:OTLK) were down 45% to $0.1749 after the company announced pricing of $5.0 million public offering.
- Jianzhi Education Technology Group Company Limited (NASDAQ:JZ) was down, falling 37% to $1.08.
Commodities
In commodity news, oil traded up 4.8% to $92.36 while gold traded down 1.1% at $4,357.70.
Silver traded down 2% to $67.945 on Tuesday, while copper fell 1.2% to $5.4065.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.4%, while Spain's IBEX 35 Index fell 0.8%. London's FTSE 100 fell 0.2%, Germany's DAX declined 1.1% and France's CAC 40 fell 0.6% during the session.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 1.43%, Hong Kong's Hang Seng index gaining 2.79%, China's Shanghai Composite rising 1.78% and India's BSE Sensex surging 1.89%.
Economics
- The flash S&P Global composite PMI declined to 51.4 in March from 51.9 in February, recording its lowest reading since April 2025.
- Unit labor costs in the nonfarm business sector increased by 4.4% in the fourth quarter, up from preliminary reading of 2.8% and following a 1% gain in the third quarter.
- U.S. nonfarm business labor productivity rose by 1.8% in the fourth quarter, compared to the preliminary reading of 2.8% and versus the 5.2% surge in the previous quarter.
Photo via Shutterstock