US Stocks Mixed; United Natural Foods Shares Fall After Q2 Results
Akso Health AHG | 2.25 2.25 | +1.35% 0.00% Pre |
BioNTech BNTX | 91.28 90.83 | +0.11% -0.49% Pre |
Evotec SE EVO | 2.62 2.53 | +1.16% -3.44% Pre |
Mesa Laboratories, Inc. MLAB | 94.26 94.26 | +3.49% 0.00% Pre |
Stagwell, Inc. Class A STGW | 6.39 6.39 | +1.75% 0.00% Pre |
U.S. stocks traded mixed this morning, with the Dow Jones falling around 0.1% on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.07% to 47,709.07 while the NASDAQ rose 0.13% to 22,724.49. The S&P 500 also fell, dropping, 0.08% to 6,790.35.
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Leading and Lagging Sectors
Materials shares rose by 0.1% on Tuesday.
In trading on Tuesday, utilities stocks dipped by 0.6%.
Top Headline
Shares of United Natural Foods, Inc. (NYSE:UNFI) fell around 7% on Tuesday after the company reported mixed results for the second quarter.
The company posted quarterly earnings of 62 cents per share which beat the analyst consensus estimate of 51 cents per share. The company reported quarterly sales of $7.947 billion which missed the analyst consensus estimate of $8.108 billion.
Equities Trading UP
- Stagwell Inc. (NASDAQ:STGW) shares shot up 20% to $6.29 following fourth-quarter results.
- Shares of Zevra Therapeutics, Inc. (NASDAQ:ZVRA) got a boost, surging 20% to $10.95 after the company reported better-than-expected fourth-quarter financial results. Also, the company announced a new genetic testing program with GeneDx for patients with suspected Niemann-Pick disease type C.
- Akso Health Group (NASDAQ:AHG) shares were also up, gaining 30% to $1.93.
Equities Trading DOWN
- BioNTech SE (NASDAQ:BNTX) shares dropped 21% to $80.25 after the company reported fourth-quarter financial results and issued FY26 sales guidance below estimates.
- Shares of Mesa Laboratories, Inc. (NASDAQ:MLAB) were down 15% to $74.30 after the company announced CEO transition and appointment of Siddhartha Kadia as president and CEO.
- Evotec SE (NASDAQ:EVO) was down, falling 14% to $2.61.
Commodities
In commodity news, oil traded down 8% to $87.24 while gold traded up 2.3% at $5,221.20.
Silver traded up 5.7% to $89.30 on Tuesday, while copper rose 1.5% to $5.9355.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 1.6%, while Spain's IBEX 35 Index jumped 2.4%. London's FTSE 100 rose 1.3%, Germany's DAX gained 1.9% and France's CAC 40 rose 1.5% during the session.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 2.88%, Hong Kong's Hang Seng index surging 2.17%, China's Shanghai Composite rising 0.65% and India's BSE Sensex rising 0.82%.
Economics
- U.S. existing home sales climbed by 1.7% month-over-month to an annualized rate of 4.09 million in February compared to market estimates of 3.89 million.
- U.S. private employers added an average of 15,500 jobs a week during the four weeks ending Feb. 21.
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