Nasdaq Down Over 1%; Home Depot Earnings Top Estimates
I'm LongbridgeAI, I can summarize articles.US stocks declined on Tuesday, with the Nasdaq Composite falling over 1%, the Dow dropping 0.08%, and the S&P 500 down 0.55%. Healthcare led gains, while technology fell. Home Depot reported better-than-expected Q2 earnings. Notable movers included Profusa (+193%) and Wetour Robotics (+73%), while Lucas GC (-79%) and Ucloudlink (-28%) dropped significantly. Commodities saw mixed results, and European and Asian markets were mostly lower or mixed.
U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 1% on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.08% to 53,416.87 while the NASDAQ fell 1.25% to 26,310.99. The S&P 500 also fell, dropping, 0.55% to 7,702.64.
Leading and Lagging Sectors
Health care shares jumped by 1.8% on Tuesday.
In trading on Tuesday, information technology stocks fell by 1.9%.
Top Headline
Home Depot Inc (NYSE:HD) reported better-than-expected earnings for the second quarter on Tuesday.
The company posted quarterly earnings of $4.92 per share which beat the analyst consensus estimate of $4.73 per share. The company reported quarterly sales of $47.861 billion which beat the analyst consensus estimate of $47.271 billion.
Equities Trading UP
- Profusa Inc (NASDAQ:PFSA) shares shot up 193% to $13.26 after rising around 27% on Monday. Profusa recently announced a 1-for-4 reverse stock split.
- Shares of Xos Inc (NASDAQ:XOS) got a boost, surging 106% to $4.32 after the electric fleet and energy solutions company secured its first military award.
- Wetour Robotics Ltd (NASDAQ:WETO) shares were also up, gaining 73% to $42.62 after gaining 397% on Monday.
Equities Trading DOWN
- Lucas GC Ltd (NASDAQ:LGCL) shares dropped 79% to $0.30.
- Shares of Synergy CHC Corp (NASDAQ:SNYR) were down 31% to $0.11 after dipping 7% on Monday.
- Ucloudlink Group Inc (NASDAQ:UCL) was down, falling 28% to $0.49 after the company reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.
Commodities
In commodity news, oil traded up 0.8% to $85.18 while gold traded down 0.5% at $4,451.30.
Silver traded down 1.5% to $65.250 on Tuesday, while copper fell 0.9% to $6.5585.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.3%, while Spain’s IBEX 35 Index gained 0.4% London’s FTSE 100 gained 0.3%, Germany’s DAX declined 0.3%, while France’s CAC 40 dropped 0.4%.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 dipping 2.54%, Hong Kong’s Hang Seng index gaining 0.07%, China’s Shanghai Composite rising 0.19% and India’s BSE Sensex falling 0.63%.
Economics
- The New York Fed’s services business activity index declined to 0.5 in August from a reading of 8.7 in July.
- U.S. export prices declined 1.3% month-over-month in July, following a revised 0.7% fall in June.
- U.S. import prices fell by 0.4% month-over-month in July, compared to a revised 0.3% decline in the previous month and versus market estimates of a 0.1% rise.
- U.S. housing starts fell by 12.4% from the previous month to an annualized rate of 1.239 units in July.
- U.S. building permits gained by 5% month-over-month to an annual rate of 1.443 million in July, versus market estimates of 1.37 million.
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