U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 400 points on Tuesday.



The Dow traded up 0.05% to 49,731.53 while the NASDAQ dipped 1.56% to 25,864.14. The S&amp;P 500 also fell, dropping, 0.66% to 7,364.20.



Leading and Lagging Sectors



Health care shares jumped by 2.4% on Tuesday.



In trading on Tuesday, information technology stocks fell by 2.2%.



Top Headline



Under Armour, Inc. (NYSE:UA) (NYSE:UAA) shares fell almost 20% on Tuesday after the company reported fourth-quarter results that missed Wall Street earnings expectations and warned that Middle East-related supply chain disruptions will continue weighing on margins in fiscal 2027.



Under Armour reported an adjusted loss of 3 cents per share for the quarter, missing analyst estimates for a loss of 2 cents per share. Revenue declined 1% year over year to $1.171 billion, slightly above the Street estimate of $1.167 billion.



Equities Trading UP            



<ul>
<li>Buzzfeed Inc (NASDAQ:BZFD) shares shot up 119% to $1.60 after the company reported first-quarter financial results. The company announced it will accept a majority investment from Allen Family Digital.</li>



<li>Shares of Dreamland Ltd (NASDAQ:TDIC) got a boost, surging 101% to $2.09 after the Hong Kong-based event management company unveiled plans to explore an AI-powered intelligent image library platform through a new partnership, fueling investor optimism around its expansion into artificial intelligence-driven digital services.</li>



<li>Vestis Corp (NYSE:VSTS) shares were also up, gaining 29% to $12.02 after the company reported better-than-expected second-quarter financial results.</li>
</ul>



Equities Trading DOWN



<ul>
<li>Power Solutions International Inc (NASDAQ:PSIX) shares dropped 40% to $37.55 after the company reported worse-than-expected first-quarter financial results.</li>



<li>Shares of Zoominfo Technologies Inc (NASDAQ:GTM) were down 34% to $3.96 after the company reported first-quarter financial results and issued second-quarter sales guidance below estimates. Also, the company cut its FY26 sales guidance below estimates.</li>



<li>Peraso Inc (NASDAQ:PRSO) was down, falling 29% to $0.98 after the company reported worse-than-expected quarterly financial results.</li>
</ul>



Commodities In commodity news, oil traded up 2.9% to $101.50 while gold traded down 1% at $4,685.10.



Silver traded down 0.4% to $85.625 on Tuesday, while copper rose 1.5% to $6.5555.



Euro zone



European shares were lower today. The eurozone's STOXX 600 fell 1.01%, while Spain's IBEX 35 Index fell 1.56%. London's FTSE 100 fell 0.04%, Germany's DAX dipped 1.62%, while France's CAC 40 declined 0.95%.



Asia Pacific Markets



Asian markets closed mostly lower on Tuesday, with Japan's Nikkei 225 gaining 0.52%, Hong Kong's Hang Seng Index falling 0.22%, China's Shanghai Composite declining 0.25% and India's BSE Sensex falling 1.92%



Economics



<ul>
<li>The headline inflation rate climbed from 3.3% year-over-year in March to 3.8% in April, topping economist expectations of 3.7%, the Bureau of Labor Statistics reported Tuesday.</li>



<li>Total household debt in the U.S. rose by $18 billion from the previous quarter to a new record high level of $18.8 trillion in the first quarter.</li>



<li>U.S. private employers added an average of 33,000 jobs per week during the four weeks ending April 25, compared to the 30,250 weekly rise in the previous period.</li>
</ul>



Photo via Shutterstock

BZFD

U.S. stocks mostly declined, with the Dow up 0.05% to 49,731.53, while the Nasdaq fell 1.56% to 25,864.14. Under Armour shares dropped nearly 20% after missing Q4 earnings expectations. Buzzfeed and Dreamland shares surged 119% and 101%, respectively, following positive financial news. In commodities, oil rose 2.9% to $101.50, while gold fell 1% to $4,685.10. European and Asian markets also saw declines. U.S. inflation rose to 3.8%, and household debt reached a record $18.8 trillion in Q1.

- U.S. stocks mostly declined mid-trading, with the Nasdaq dropping over 400 points and the S&P 500 falling by 0.66%.  
- Under Armour's shares plummeted nearly 20% after a disappointing earnings report and supply chain warnings, while Buzzfeed and Dreamland saw significant share increases following positive news.  
- The headline inflation rate rose to 3.8% in April, surpassing expectations, and total U.S. household debt reached a record high of $18.8 trillion.

Dow Edges Higher; Under Armour Shares Tumble After Q4 Earnings