VVPR - Dow Dips Over 400 Points; Paychex Posts Downbeat Sales | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 400 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 1.08% to 39,140.90 while the NASDAQ fell 1.49% to 16,152.79. The S&P 500 also fell, dropping, 0.99% to 5,191.80.
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Leading and Lagging Sectors
Energy shares jumped by 0.8% on Tuesday.
In trading on Tuesday, consumer discretionary shares fell by 1.6%.
Top Headline
Paychex, Inc. (NASDAQ: PAYX) reported mixed third-quarter financial results on Tuesday.
Paychex posted adjusted earnings of $1.38 per share, beating market estimates of $1.37 per share. The company’s quarterly sales came in at $1.44 billion, versus expectations of $1.46 billion.
Equities Trading UP
VivoPower International PLC (NASDAQ: VVPR) shares shot up 347% to $6.59 after the company's Tembo subsidiary announced it will merge with the Nasdaq-listed Cactus Acquisition Corp. 1 Limited.
Shares of XTI Aerospace, Inc. (NASDAQ: XTIA) got a boost, surging 49% to $3.07 after ...