U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 400 points on Tuesday.
The Dow traded up 0.05% to 49,731.53 while the NASDAQ dipped 1.56% to 25,864.14. The S&P 500 also fell, dropping, 0.66% to 7,364.20.
Leading and Lagging Sectors
Health care shares jumped by 2.4% on Tuesday.
In trading on Tuesday, information technology stocks fell by 2.2%.
Top Headline
Under Armour, Inc. (NYSE:UA) (NYSE:UAA) shares fell almost 20% on Tuesday after the company reported fourth-quarter results that missed Wall Street earnings expectations and warned that Middle East-related supply chain disruptions will continue weighing on margins in fiscal 2027.
Under Armour reported an adjusted loss of 3 cents per share for the quarter, missing analyst estimates for a loss of 2 cents per share. Revenue declined 1% year over year to $1.171 billion, slightly above the Street estimate of $1.167 billion.
Equities Trading UP
- Buzzfeed Inc (NASDAQ:BZFD) shares shot up 119% to $1.60 after the company reported first-quarter …
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