Crude Oil Surges 3%; ISM Manufacturing PMI Falls In August - Nocera (NASDAQ:NCRA), Wetour Robotics (NASDA

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U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Tuesday.

The Dow traded down 0.40% to 52,971.81 while the NASDAQ dipped 0.52% to 26,232.46. The S&P 500 also fell, dropping, 0.35% to 7,659.14.

Leading and Lagging Sectors

Consumer staples shares jumped by 0.9% on Tuesday.

In trading on Tuesday, consumer discretionary stocks fell by 1.6%.

Top Headline

The ISM manufacturing PMI declined to 54.6 in August from 55.6 in the previous month, and down from market estimates of 55.2. 

Equities Trading UP
           

bioAffinity Technologies Inc (NASDAQ: BIAF ) shares shot up 56% to $7.12 after the company announced that it is advancing the potential application of its CyPath Lung Test. Shares of Fervo Energy Co (NASDAQ: FRVO ) got a boost, surging 17% to $18.07 following reports suggesting it signed a deal to deliver power to Google in 2028. Wetour Robotics Ltd (NASDAQ: WETO ) shares were also up, gaining 16% to $6.33 after the company announced it released a development demonstration of Orchestra combining surface electromyography with first-person vision to capture richer human-hand data for robot learning. Trending

Equities Trading DOWN

Alumis Inc (NASDAQ: ALMS ) shares dropped 53% to $10.21 after the company disclosed topline results from Envudeucitinib Phase 2b trial in Systemic Lupus Erythematosus (SLE). Shares of Rezolve AI PLC (NASDAQ: RZLV ) were down 19% to $2.34 after the company reported H1 results. Nocera Inc (NASDAQ: NCRA ) was down, falling 21% to $2.23.

Commodities

In commodity news, oil traded up 3% to $88.37 while gold traded down 1.6% at $4,409.10.

Silver traded down 2.2% to $65.535 on Tuesday, while copper fell 1.3% to $6.5995.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 slipped 0.3%, while Spain’s IBEX 35 Index fell 0.4%, London’s FTSE 100 fell 0.2%, Germany’s DAX dipped 0.9%, while France’s CAC 40 fell 0.2%.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan’s Nikkei 225 falling 0.15%, Hong Kong’s Hang Seng index declining 0.93%, China’s Shanghai Composite declining 0.16% and India’s BSE Sensex falling 0.02%.

Economics

The US Logistics Managers’ Index declined for a second straight month to a reading of 66.6 in August from 68.9 in the previous month. U.S. job openings rose by 89,000 to 7.271 million in July compared to a revised 7.182 million in the previous month, and down from market estimates of 7.30 million. The ISM manufacturing PMI declined to 54.6 in August from 55.6 in the previous month, and down from market estimates of 55.2.  The S&P Global manufacturing PMI was revised higher to 53.9 in August from the flash reading of 53.2.

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