Crude Oil Down 3%; XPeng Shares Fall After Q2 Results
benzinga_article·- U.S. stocks traded mixed on Monday while major indices moved in opposite directions, and global markets experienced varied performances. - XPeng Inc. shares dropped around 7% after reporting a wider-than-expected second-quarter loss of 1.29 yuan per share and issuing a third-quarter revenue outlook below Wall Street estimates. - Crude oil prices fell 3% to $84.48, while gold increased by 1.1% to $4,733.50 amid broader commodity market fluctuations.