--- title: "Crude Oil Edges Higher; Citigroup Earnings Top Views" type: "News" locale: "en" url: "https://longbridge.com/en/news/301736430.md" description: "U.S. stocks edged lower on Tuesday, with the Dow, Nasdaq, and S&P 500 all declining slightly. Citigroup beat Q3 earnings estimates, posting $2.85 per share. Bumble surged 56% after agreeing to go private, while BIO-Key jumped 139% on a government security contract. Conversely, Pershing Square, Cipher Digital, and Syndax fell due to a downgrade, convertible note offering, and failed clinical trial results respectively. Oil prices rose 0.4%, while global markets showed mixed performance." datetime: "2026-10-13T16:03:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301736430.md) - [en](https://longbridge.com/en/news/301736430.md) - [zh-HK](https://longbridge.com/zh-HK/news/301736430.md) generator: "portal-rs" --- # Crude Oil Edges Higher; Citigroup Earnings Top Views U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 0.2% on Tuesday. The Dow traded down 0.25% to 51,718.96 while the NASDAQ fell 0.19% to 27,194.25. The S&P 500 also fell, dropping, 0.14% to 7,796.43. **Leading and Lagging Sectors** Communication services shares jumped by 1% on Tuesday. In trading on Tuesday, health care stocks fell by 1.1%. **Top Headline** **Citigroup Inc**. (NYSE:C) reported better-than-expected earnings for the third quarter. The company posted quarterly earnings of $2.85 per share which beat the analyst consensus estimate of $2.67 per share. The company reported quarterly sales of $23.845 billion which beat the analyst consensus estimate of $23.719 billion. **Equities Trading UP** - **Bumble Inc. (**NASDAQ:BMBL) shares shot up 56% to $5.95 as the company agreed to be taken private by Ithaca Holdings for $6.05 per share in cash. - Shares of **BIO-Key International Inc** (NASDAQ:BKYI) got a boost, surging 139% to $3.95 after the company announced Middle East government security agency has selected BIO-key’s Multi-Factor Authentication and Single Sign-On platform to strengthen its identity security. - **Fermi Inc. (**NASDAQ:FRMI) shares were also up, gaining 21% to $3.9450 after the company announced signing of a credit support agreement with AMD for the first phase of its Texas AI and energy project. **Equities Trading DOWN** - **Pershing Square Inc.** (NYSE:PS) shares dipped 11% to $48.36 after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $54 to $38. - Shares of **Cipher Digital Inc (**NASDAQ:CIFR) were down 14% to $11.22 after the company announced a proposed private offering of $850 million of 0.00% convertible senior notes due 2032, along with a concurrent exchange of a portion of its convertible notes due 2030. - **Syndax Pharmaceuticals Inc (**NASDAQ:SNDX) was down, falling 17% to $13.76 after the company announced that the MAXPIRe Phase 2 trial of axatilimab in idiopathic pulmonary fibrosis did not meet its primary endpoint of the annualized rate of decline in forced vital capacity. **Commodities**  In commodity news, oil traded up 0.4% to $94.13 while gold traded down 0.2% at $4,184.00. Silver traded down 0.9% to $59.945 on Tuesday, while copper fell 0.1% to $6.7430. **Euro zone** European shares were mixed today. The eurozone’s STOXX 600 rose 0.1%, while Spain’s IBEX 35 Index slipped 0.3%, London’s FTSE 100 rose 0.1%, Germany’s DAX gained 0.2%, while France’s CAC 40 slipped 0.1%. **Asia Pacific Markets** Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 falling 1.82%, Hong Kong’s Hang Seng Index gaining 0.30%, China’s SSE Composite Index rising 0.1% and India’s BSE Sensex surging 1.54%. **Economics** - The U.S. NFIB small business optimism index fell to 97.9 in September, recording the lowest level in three months, and compared to 98.7 in August. - U.S. existing home sales increased by 1.5% to an annualized rate of 3.99 million units in September, versus market estimates of 3.95 million. *Photo via Shutterstock* ### Related Stocks - [BKYI.US](https://longbridge.com/en/quote/BKYI.US.md) - [BMBL.US](https://longbridge.com/en/quote/BMBL.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [CIFR.US](https://longbridge.com/en/quote/CIFR.US.md) - [FRMI.US](https://longbridge.com/en/quote/FRMI.US.md) - [PS.US](https://longbridge.com/en/quote/PS.US.md) - [SNDX.US](https://longbridge.com/en/quote/SNDX.US.md) - [CIFC.US](https://longbridge.com/en/quote/CIFC.US.md) - [CIFG.US](https://longbridge.com/en/quote/CIFG.US.md) - [CIFU.US](https://longbridge.com/en/quote/CIFU.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) ## Related News & Research - [Citigroup (C) Stock: Why 2027 Earnings Growth Could Unlock More Upside](https://longbridge.com/en/news/301845221.md) - [BUZZ-Street View: Citi's profit beat keeps focus on bigger targets ahead](https://longbridge.com/en/news/301809345.md) - [Oil climbs on intensifying shipping attacks, US storm fears](https://longbridge.com/en/news/301239496.md) - [Why Citi remains cautious on key profitability metric](https://longbridge.com/en/news/301749419.md) - [Citigroup has trailed financial stocks. Expect that to change.](https://longbridge.com/en/news/301275621.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**