Crude Oil Rises Over 2%; Bionano Genomics Shares Plunge

U.S. stocks traded mostly lower midway through trading, with the Dow Jones index falling more than 150 points on Tuesday.

The Dow traded down 0.37% to 45,713.02 while the NASDAQ fell 0.03% to 22,341.05. The S&P 500 also fell, dropping, 0.14% to 6,605.77.

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Leading and Lagging Sectors

Energy shares jumped by 1.1% on Tuesday.

In trading on Tuesday, utilities stocks fell by 0.8%.

Top Headline

Dave & Buster's Entertainment Inc. (NASDAQ:PLAY) posted weaker-than-expected results for the second quarter, after the closing bell on Monday.

Dave & Buster's reported second-quarter revenue of $557.41 million, missing analyst estimates of $562.78 million, according to Benzinga Pro. The entertainment and dining company reported adjusted earnings of 40 cents per share, missing estimates of 92 cents per share.

Equities Trading UP
           

• Turbo Energy, S.A. (NASDAQ:TURB) shares shot up 408% to $13.72 after the company was selected for a $53 million contract to deploy energy storage projects in Spain with total capacity of 366 MWh.
• Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) got a boost, surging 28% to $19.13 after the company and Disney entered a non-binding term sheet to develop a digital comics platform featuring current and past comics from across Disney’s portfolio.
• Jumia Technologies AG (NYSE:JMIA) shares were also up, gaining 22% to $11.90. RBC Capital analyst Brad Erickson upgraded Jumia Technologies from Sector Perform to Outperform and raised the price target from $6.5 to $15.

Equities Trading DOWN

• Bionano Genomics, Inc. (NASDAQ:BNGO) shares dropped 41% to $1.6398 after the company announced the pricing of $10 million public offering.
• Shares of GD Culture Group Limited (NASDAQ:GDC) were down 19% to $7.84. GD Culture entered into share exchange agreement to acquire Pallas Capital’s assets, including 7,500 Bitcoin, for 39,189,344 shares.
• Next Technology Holding Inc. (NASDAQ:NXTT) was down, falling 17% to $23.79. Next Technology Holding filed for stock shelf of up to $500 million.

Commodities

In commodity news, oil traded up 2.2% to $64.70 while gold traded up 0.2% at $3,726.00.

Silver traded up 0.1% to $43.000 on Tuesday, while copper fell 0.1% to $4.7120.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.86%, while Spain's IBEX 35 Index fell 1.30%. London's FTSE 100 fell 0.74%, Germany's DAX 40 dipped 1.29% and France's CAC 40 fell 0.72% during the session.

Asia Pacific Markets

Asian markets closed mostly higher on Tuesday, with Japan's Nikkei gaining 0.30%, Hong Kong's Hang Seng falling 0.03%, China's Shanghai Composite rising 0.04% and India's BSE Sensex gaining 0.73%.

Economics

• U.S. business inventories increased by 0.2% month-over-month in July, in line with market estimates.
• The NAHB/Wells Fargo Housing Market Index came in steady at 32 in September, the same as in the previous month.
• U.S. industrial production rose 0.1% in August, following a 0.4% decline in the previous month and topping market expectations for a 0.1% decline.
• U.S. retail sales rose 0.6% month-over-month in August, the same versus the revised 0.6% gain in July and topping market expectations of a 0.2% gain.
• Export prices increased 0.3% month-over-month in August, while import prices rose by 0.3% in August.

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