Dow Falls Over 300 Points; Korn Ferry Earnings Top Views

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 300 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.62% to 51,390.66 while the NASDAQ fell 1.88% to 25,675.75. The S&P 500 also fell, dropping, 1.39% to 7,370.98.

Leading and Lagging Sectors

Consumer staples shares jumped by 1.3% on Tuesday.

In trading on Tuesday, information technology stocks fell by 3.1%.

Top Headline

Korn Ferry (NYSE:KFY) reported upbeat earnings for the fourth quarter.

The company posted quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.38 per share. The company reported quarterly sales of $768.256 million which beat the analyst consensus estimate of $743.340 million.

Equities Trading UP
           

• Atlantic International Corp (NASDAQ:ATLN) shares shot up 151% to $1.10 after the company announced that Seven Stars, a company within its Circle8 Group platform, secured an approximately $52 million four-year framework agreement by the Dutch Vehicle Authority.
• Shares of Ridgetech Inc (NASDAQ:RDGT) got a boost, surging 86% to $2.55.
• Boundless Bio Inc (NASDAQ:BOLD) shares were also up, gaining 67% to $2.34. Boundless Bio and Serapha Bio signed an all-stock merger agreement.

Equities Trading DOWN

• Nexentis Technologies Inc (NASDAQ:NXTS) shares dropped 50% to $6.52. NXTS shares surged 155.91% during Monday’s regular trading session to close at $13.00.
• Shares of INLIF Ltd (NASDAQ:INLF) were down 47% to $0.059.
• Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) was down, falling 37% to $2.41. Wheeler Real Estate Investment Trust filed prospectus for offering 100.09 million common shares.

Commodities

In commodity news, oil traded down 0.3% to $73.64 while gold traded down 1.8% at $4,129.30.

Silver traded down 5.6% to $61.920 on Tuesday, while copper fell 3% to $6.1790.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 declined 0.9%, while Spain’s IBEX 35 Index fell 0.7%. London’s FTSE 100 fell 0.4%, Germany’s DAX dipped 0.9%, while France’s CAC 40 fell 0.7%.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan’s Nikkei 225 dipping 3.55%, Hong Kong’s Hang Seng Index falling 1.82%, China’s Shanghai Composite declining 1.37% and India’s BSE Sensex falling 1.16%.

Economics

The S&P Global composite PMI will be released today.

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