Toward the end of trading Tuesday, the Dow traded down 1.12% to 26614.99 while the NASDAQ fell 1% to 7,919.43. The S&P also fell, dropping 1.1% to 2,943.86.
Leading and Lagging Sectors
Utilities shares slipped by just 0.3% on Tuesday. Meanwhile, top gainers in the sector included Pure Cycle Corporation PCYO, up 2%, and Enel Chile S.A. ENIC, up 2%.
In trading on Tuesday, industrials shares fell 2.4%.
Top Headline
McCormick & Co MKC reported better-than-expected third-quarter EPS results and raised fiscal year 2019 EPS guidance above analyst estimates.
The company reported third-quarter earnings of $1.46 per share, which beat the analyst consensus estimate of $1.29. McCormick raised its fiscal year 2019 EPS guidance from a range of $5.20-$5.30 to a range of $5.30-$5.35 versus the $5.28 Street estimate.
Equities Trading UP
Roan Resources, Inc. ROAN shares shot up 21% to $1.4925 after the company agreed to be acquired by Citizen Energy for $1.52 per share in cash.
Shares of Constellation Pharmaceuticals, Inc. CNST got a boost, shooting up 13% to $7.32 after the company reported a $65 million private placement with new and existing investors.
Conformis, Inc. CFMS shares were also up, gaining 20% to $2.23 after the company announced a development, license and distribution agreement with Stryker.
Equities Trading DOWN
Minerva Neurosciences, Inc. NERV shares tumbled 27% to $5.66 after the company delayed the results for its Schizophrenia drug.
Shares of TD Ameritrade Holding Corporation AMTD were down 25% to $34.92 after Schwab reportedly eliminated commissions for mobile and web US stock, ETF and options trades.
Reed's, Inc. REED was down, falling 23% to $1.00 after the company issued weak preliminary third-quarter sales guidance. The company also announced Chairman John Belo will serve as interim CEO.
Commodities
In commodity news, oil traded down 1.2% to $53.45, while gold traded up 1% to $1,486.90.
Silver traded up 1.7% Tuesday to $17.29, while copper fell 0.6% to $2.566.
Euro zone
European shares closed lower today. The eurozone’s STOXX 600 fell 1.31%, the Spanish Ibex Index fell 0.85%, while Italy’s FTSE MIB Index dropped 0.81%. Meanwhile, the German DAX dropped 1.32%, and the French CAC 40 slipped 1.41% while UK shares fell 0.65%.
Economics
The IHS Markit manufacturing PMI rose to 51.1 in September 2019, versus a preliminary reading of 51.0.
The ISM manufacturing index fell to 47.8 in September, versus a reading of 49.1 in the prior month.
U.S. construction spending rose 0.1% for August.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.