BUSM

U.S. stocks traded lower midway through trading, with the Dow Jones index falling over 300 points on Tuesday.

The Dow traded down 0.65% to 52,050.03 while the NASDAQ dipped 1.25% to 24,936.34. The S&P 500 also fell, dropping, 0.82% to 7,488.36.

Leading and Lagging Sectors

Consumer staples shares jumped by 0.3% on Tuesday.

In trading on Tuesday, information technology stocks fell 1.9%.

Top Headline

TransDigm Group Inc (NYSE:TDG) reported upbeat earnings for the fourth quarter on Tuesday.

The company posted quarterly earnings of $12.44 per share which beat the analyst consensus estimate of $12.21 per share. The company reported quarterly sales of $2.988 billion which beat the analyst consensus estimate of $2.947 billion.

Equities Trading UP
           

• PepGen Inc (NASDAQ:PEPG) shares shot up 142% to $5.78 after the company reported third-quarter financial results. The company reported topline results from the 10 mg/kg multiple ascending dose cohort of the ongoing Phase 2 FREEDOM2-DM1 trial evaluating PGN-EDODM1 in patients with myotonic dystrophy type 1
• Shares of Ziprecruiter Inc (NYSE:ZIP) got a boost, surging 24% to $5.30 after the company reported better-than-expected third-quarter financial results and issued current-quarter sales guidance above estimates.
• Securitize Corp (NYSE:SECZ) shares were also up, gaining 37% to $9.56 after the company reported better-than-expected third-quarter sales results. Also, the company announced a $50 million buyback plan.

Equities Trading DOWN

• Digital Turbine Inc (NASDAQ:APPS) shares dipped 34% to $7.46 despite the company reporting better-than-expected fiscal second-quarter results.
• Shares of Equipmentshare.Com Inc (NASDAQ:EQPT) were down 22% to $12.58 following quarterly results.
• Microvast Holdings Inc (NASDAQ:MVST) was down, falling 64% to $0.22 after the company reported worse-than-expected third-quarter financial results.

Commodities 

In commodity news, oil traded down 0.2% to $86.67 while gold traded down 2.1% at $4,028.40.

Silver traded down 2.6% to $51.350 on Tuesday, while copper fell 1.4% to $6.2575.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.4%, while Spain’s IBEX 35 Index rose 1.2%, London’s FTSE 100 slipped 0.1%, Germany’s DAX climbed 0.7%, while France’s CAC 40 surged 0.8%.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan’s Nikkei 225 gaining 2.87%, Hong Kong’s Hang Seng index rising 0.44% and China’s SSE Composite Index rising 0.08%.

Economics

• U.S. consumer prices rose 0.4% in October from the prior month, exceeding the 0.3% rate economists expected but slower than September’s 0.6% pace.
• The U.S. NFIB Small Business Optimism Index slipped to 97.8 in October from 97.9 in the previous month, versus market estimates of 97.7.

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