U.S. stocks traded lower midway through trading, with the Dow Jones falling more than 1% on Tuesday.
The Dow traded down 1.07% to 41,462.06 while the NASDAQ declined 0.19% to 17,434.41. The S&P 500 also fell, dropping, 0.66% to 5,577.74.
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Leading and Lagging SectorsInformation technology shares slipped by just 0.1% on Tuesday.
In trading on Tuesday, industrials shares dipped by 1.2%.
Top Headline
Ciena Corp. (NYSE:CIEN) reported better-than-expected fiscal first-quarter earnings.
The company posted revenue growth of 3.3% year-on-year to $1.07 billion, beating the analyst consensus estimate of $1.05 billion. The American telecommunications networking equipment and software services supplier reported adjusted EPS of 64 cents, beating the analyst consensus estimate of 41 cents.
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CommoditiesIn commodity news, oil traded up 1.1% to $66.78 while gold traded up 0.8% at $2,923.10.
Silver traded up 1.9% to $33.15 on Tuesday, while copper rose 2% to $4.7580.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 1.09%, Germany's DAX 40 fell 0.35% and France's CAC 40 fell 0.66%. Spain's IBEX 35 Index fell 0.92%, while London's FTSE 100 fell 0.83%.
Asia Pacific Markets
Asian markets closed mostly lower on Tuesday, with Japan's Nikkei dipping 0.64%, China's Shanghai Composite Index gaining 0.41% and Hong Kong's Hang Seng Index falling 0.01%, India's BSE Sensex falling 0.02%.
Economics
The NFIB Small Business Optimism Index fell 2.1 points to a reading of 100.7 in February, recording the lowest reading since October 2024.
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