--- title: "Nasdaq Down 100 Points; US Small Business Optimism Index Rises In July" type: "News" locale: "en" url: "https://longbridge.com/en/news/295559576.md" description: "US stocks traded mostly lower, with the Nasdaq falling around 100 points and the S&P 500 dropping 0.15%. However, the NFIB small business optimism index rose to 99.8 in July, beating estimates. Energy shares gained 1.3%, while communication services fell. Individual stock movements varied: Quantum Corp surged 57% on strong earnings, while Cardinal Infrastructure dropped 28%. Commodities saw mixed results, with oil up 1.3% and gold up 0.5%. European markets rose, while Asian indices closed lower." datetime: "2026-08-11T16:00:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295559576.md) - [en](https://longbridge.com/en/news/295559576.md) - [zh-HK](https://longbridge.com/zh-HK/news/295559576.md) generator: "portal-rs" --- # Nasdaq Down 100 Points; US Small Business Optimism Index Rises In July U.S. stocks traded mostly lower midway through trading, with the Nasdaq Compositing falling around 100 points on Tuesday. The Dow traded down 0.09% to 53,927.47 while the NASDAQ fell 0.38% to 26,505.09. The S&P 500 also fell, dropping, 0.15% to 7,741.57. **Leading and Lagging Sectors** Energy shares jumped by 1.3% on Tuesday. In trading on Tuesday, communication services stocks fell by 0.9%. **Top Headline** The U.S. NFIB small business optimism index rose to 99.8 in July from 97.4 in June and beating market estimates of 97.5. **Equities Trading UP** - **Quantum Corp** (NASDAQ:QMCO) shares shot up 57% to $18.47 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates. - Shares of **Planet Green Holdings Corp** (NYSE:PLAG) got a boost, surging 101% to $1.14 after the company announced entry into commercial operations to source, market and distribute lactoferrin for Chinese market. - **NIQ Global Intelligence PLC (**NYSE:NIQ) shares were also up, gaining 32% to $15.40 after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates. **Equities Trading DOWN** - **Cardinal Infrastructure Group Inc (**NASDAQ:CDNL) shares dropped 28% to $42.99 after the company reported mixed second-quarter financial results. - Shares of **KLX Energy Services Holdings Inc (**NASDAQ:KLXE) were down 33% to $1.50 after the company reported worse-than-expected second-quarter sales results and approved a $125 million backstopped rights offering. - **Life360** (NASDAQ:LIF) was down, falling 26% to $47.71 following second-quarter results. **Commodities** In commodity news, oil traded up 1.3% to $83.21 while gold traded up 0.5% at $4,443.30. Silver traded down 0.5% to $64.975 on Tuesday, while copper rose 0.5% to $6.6475. **Euro zone** European shares were higher today. The eurozone’s STOXX 600 gained 0.3%, while Spain’s IBEX 35 Index rose 0.5% London’s FTSE 100 rose 0.1%, Germany’s DAX gained 0.4%, while France’s CAC 40 rose 0.2%. **Asia Pacific Markets** Asian markets closed lower on Tuesday, with Hong Kong’s Hang Seng index dipping 1.10%, China’s Shanghai Composite falling 0.82% and India’s BSE Sensex declining 0.49%. **Economics** - The U.S. NFIB small business optimism index rose to 99.8 in July from 97.4 in June and beating market estimates of 97.5. - U.S. existing home sales declined by 1.7% month-over-month to an annualized rate of 4.06 units in July, compared to market estimates of 4.06 million. *Photo via Shutterstock* ### Related Stocks - [QMCO.US](https://longbridge.com/en/quote/QMCO.US.md) - [CDNL.US](https://longbridge.com/en/quote/CDNL.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [GUSH.US](https://longbridge.com/en/quote/GUSH.US.md) - [DRIP.US](https://longbridge.com/en/quote/DRIP.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [PLAG.US](https://longbridge.com/en/quote/PLAG.US.md) - [NIQ.US](https://longbridge.com/en/quote/NIQ.US.md) - [KLXE.US](https://longbridge.com/en/quote/KLXE.US.md) - [LIF.US](https://longbridge.com/en/quote/LIF.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) ## Related News & Research - [Is Prologis Stock Outperforming the S&P 500?](https://longbridge.com/en/news/297792771.md) - [Rottenstone Gold to acquire Kinross-linked Great Bear 0.75% NSR royalty in all-share deal](https://longbridge.com/en/news/297962151.md) - [Is Eaton Corporation Stock Underperforming the Nasdaq?](https://longbridge.com/en/news/297633444.md) - [Quantum CEO, CFO to attend Lake Street Best Ideas Growth Conference](https://longbridge.com/en/news/297556393.md) - [Kintra Wealth LLC Raises Stock Holdings in Invesco QQQ $QQQ](https://longbridge.com/en/news/298195955.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**