U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 200 points on Tuesday.
The Dow traded down 0.35% to 49,512.48 while the NASDAQ dipped 0.93% to 25,849.08. The S&P 500 also fell, dropping, 0.56% to 7,361.93.
Leading and Lagging Sectors
Health care shares jumped by 1.2% on Tuesday.
In trading on Tuesday, materials stocks fell by 2.1%.
Top Headline
Amer Sports Inc (NYSE:AS) reported better-than-expected first-quarter financial results and raised its FY26 guidance above estimates.
Amer Sports posted adjusted EPS of 38 cents, beating market estimates of 30 cents. The company's quarterly sales came in at $1.946 billion versus expectations of $1.835 billion.
Equities Trading UP
- Amesite Inc (NASDAQ:AMST) shares shot up 198% to $2.35 after the company reported a year-over-year increase in third-quarter financial results.
- Shares of InMed Pharmaceuticals Inc (NASDAQ:INM) got a boost, surging 98% to $1.35 after the company announced a merger with Mentari Therapeutics.
- Agilysys Inc (NASDAQ:AGYS) shares were also up, gaining 26% to $88.76 after the company reported better-than-expected fourth-quarter financial results and issued FY27 sales guidance above estimates.
Equities Trading DOWN
- Onconetix Inc (NASDAQ:ONCO) shares dropped 48% to $0.16 after the company announced a 1-for-10 reverse stock split.
- Shares of Vishay Precision Group Inc (NYSE:VPG) were down 14% to $90.77. VPG CFO, William M. Clancy, announced retirement, effective Dec. 31, 2026.
- Clearmind Medicine Inc (NASDAQ:CMND) was down, falling 34% to $0.25 after the company announced a 1-for-10 reverse share split.
Commodities
In commodity news, oil traded up 0.1% to $108.80 while gold traded down 1.3% at $4,498.60.
Silver traded down 3.5% to $74.775 on Tuesday, while copper fell 1.9% to $6.1940.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.4%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 gained 0.1%, Germany's DAX rose 0.7%, while France's CAC 40 rose 0.2%.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 0.44%, Hong Kong's Hang Seng Index gaining 0.48%, China's Shanghai Composite gaining 0.92% and India's BSE Sensex falling 0.15%
Economics
The ADP said US private employers added an average of 42,250 jobs per week during the four weeks ended May 2, compared to 33,000 in the previous period.
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