U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Tuesday.
The Dow traded down 0.81% to 46,292.26 while the NASDAQ fell 1.09% to 21,757.15. The S&P 500 also fell, dropping, 0.79% to 6,559.71.
Leading and Lagging Sectors
Energy shares climbed by 1.7% on Tuesday.
In trading on Tuesday, consumer discretionary stocks fell by 1.8%.
Top Headline
U.S. durable-goods orders declined by 1.4% month-over-month to $315.5 billion in February, following a revised 0.5% fall in the previous month, recording the third consecutive decline in orders.
Equities Trading UP
- Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) shares shot up 230% to $0.4840 after the company disclosed a regulatory update tied to its Nasdaq listing compliance.
- Shares of Alignment Healthcare, Inc. (NASDAQ:ALHC) got a boost, surging 14% to $21.24. Shares of health insurance companies traded higher after the Centers for Medicare & Medicaid Services announced a 2.48% rate hike for 2027 Medicare Advantage and Part D programs.
- Cemtrex Inc (NASDAQ:CETX) shares were also up, gaining 82% to $1.44 after the company announced that its subsidiary, Invocon, was selected as an apparently successful offeror for a Phase I Small Business Innovation Research contract with the Naval Sea Systems Command.
Equities Trading DOWN
- Mach Natural Resources LP (NYSE:MNR) shares dropped 10% to $12.70 after the company announced a secondary public offering of 9 million units.
- Shares of Profusa Inc (NASDAQ:PFSA) were down 26% to $1.37. Shares of Profusa surged 144% on Monday after the company announced it will acquire the PanOmics multi-omics diagnostics platform from BioInsights LLC for approximately $30 million in stock.
- SMX (Security Matters) PLC (NASDAQ:SMX) was down, falling 25% to $9.74. SMX shares gained on Monday after the company announced the launch of its Digital Material Passport Platform, a system made for the identification, tracking, and tokenization of real-world assets across global supply chains.
Commodities
In commodity news, oil traded up 3.1% to $115.87 while gold traded down 0.3% at $4,672.70.
Silver traded down 1.8% to $71.550 on Tuesday, while copper fell 0.4% to $5.58.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.6%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 fell 0.6%, Germany's DAX fell 0.7% and France's CAC 40 fell 0.2% during the session.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.03%, China's Shanghai Composite gaining 0.26% and India's BSE Sensex gaining 0.69%.
Economics
- U.S. durable-goods orders declined by 1.4% month-over-month to $315.5 billion in February, following a revised 0.5% fall in the previous month, recording the third consecutive decline in orders.
- U.S. private employers created an average of 26,000 jobs per week during the four weeks ending March 21, compared to the 15,250 weekly jobs added in the prior period.
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