U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 1.5% on Tuesday.
The Dow traded down 0.14% to 43,401.71 while the NASDAQ fell 1.46% to 19,005.00. The S&P 500 also fell, dropping, 0.77% to 5,936.91.
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Leading and Lagging Sectors
Consumer staples shares jumped by 1.8% on Tuesday.
In trading on Tuesday, consumer discretionary shares fell by 1.9%.
Top Headline
Home Depot Inc (NYSE:HD) reported better-than-expected fourth-quarter 2024 results and provided its 2025 outlook.
HD reported fourth-quarter sales growth of 14.1% year-over-year to $39.70 billion, beating the consensus estimate of $39.14 billion. Adjusted EPS was $3.13 (+9.4% year over year), beating the consensus of $3.00.
For 2025, Home Depot said it expects total sales growth of 2% year-over-year, reaching $163.98 billion, slightly below the consensus of $164.17 billion. The company projects adjusted EPS to decline by about 2%, from $15.24 to $14.94, falling short of the $15.57 consensus estimate.
Equities Trading UP
- Organovo Holdings, Inc. (NASDAQ:ONVO) shares shot up 332% to $1.59 after the company announced that Eli Lilly is set to acquire its FXR program, including FXR314.
- Shares of Wah Fu Education Group Limited (NASDAQ:WAFU)got a boost, surging 86% to $3.3241 after the company announced it will integrate DeepSeek to drive AI-based education innovation and long-term growth strategies.
- Femto Technologies Inc. (NASDAQ:FMTO) shares were also up, gaining 66% to $5.85.
Equities Trading DOWN
- China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC) shares dropped 41% to $3.99.
- Shares of TransCode Therapeutics, Inc. (NASDAQ:RNAZ) were down 40% to $4.0989.
- Connexa Sports Technologies Inc. (NASDAQ:YYAI) was down, falling 38% to $0.78. Connexa Sports Technologies recently announced it signed a multi-channel-network (MCN) deal to create content for TikTok in the MENA region.
Commodities
In commodity news, oil traded down 2.8% to $68.74 while gold traded down 1.8% at $2,910.00.
Silver traded down 2.6% to $31.760 on Tuesday, while copper rose 0.1% to $4.5210.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, Germany's DAX 40 fell 0.1% and France's CAC 40 fell 0.5%. Spain's IBEX 35 Index rose 0.8%, while London's FTSE 100 rose 0.1%.
Asia Pacific Markets
Asian markets closed mostly lower on Tuesday, with Japan's Nikkei falling 1.39%, China's Shanghai Composite Index falling 0.80%, Hong Kong's Hang Seng Index dipping 1.32% and India's BSE Sensex gaining 0.20%.
Economics
- The Dallas Fed’s general business activity index for Texas's service sector fell by 2.8 points to a reading of 4.6 in February.
- The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.5% year-over-year in December compared to 4.3% in the previous month.
- The FHFA house prices index increased by 0.4% in December.
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