Following the market opening Tuesday, the Dow traded down 0.15% to 27035.62 while the NASDAQ fell 0.11% to 8144.52. The S&P also fell, dropping 0.01% to 2,998.23.
Leading and Lagging Sectors
In trading on Tuesday, energy shares fell 1.6%.
Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) reported better-than-expected Q4 results. The company also issued FY20 guidance above analyst estimates.
Cracker Barrel posted fourth-quarter earnings of $2.70 per share, which beat the analyst consensus estimate of $2.48. The company reported quarterly sales of $787.098 million, which beat the analyst consensus estimate of $773.97 million.
Equities Trading UP
Aclaris Therapeutics, Inc. (NASDAQ: ACRS) shares shot up 55% to $1.70 after the company reported its A-101 45% Topical Solution met all primary and secondary efficacy endpoints in pivotal Phase 3 trial for the treatment of common warts.
Shares of Vuzix Corporation (NASDAQ: VUZI) got a boost, shooting up 15% to $2.74 after the company reported regulatory compliance approval for M400 Smart Glasses from the US, EU, Japanese and Canadian regulatory agencies.
Apogee Enterprises, Inc. (NASDAQ: APOG) shares were also up, gaining 8% to $44.69 after the company reported better-than-expected results for its second quarter.
Equities Trading DOWN
Champions Oncology, Inc. (NASDAQ: CSBR) shares tumbled 16% to $5.83 after the company reported worse-than-expected Q1 results.
Shares of New Concept Energy, Inc. (NYSE: GBR) were down 25% to $1.8782.
Barnes & Noble Education, Inc. (NYSE: BNED) was down, falling 18% to $3.29. Sidoti & Co. downgraded Barnes & Noble Education from Buy to Neutral.
In commodity news, oil traded down 1.7% to $61.84, while gold traded down 0.3% to $1,507.20.
Silver traded down 0.6% Tuesday to $17.92, while copper fell 0.9% to $2.617.
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.2%, the Spanish Ibex Index fell 0.6%, while Italy’s FTSE MIB Index dropped 0.4%. Meanwhile, the German DAX fell 0.3% and the French CAC 40 rose 0.1% while UK shares rose 0.2%.
The Federal Open Market Committee will begin its two-day policy meeting today.
The Johnson Redbook Retail Sales Index fell 0.9% during the first two weeks of September versus August T.
U.S. industrial production rose 0.6% for August, versus economists’ expectations for a 0.2% increase.
The NAHB housing market index rose 1 point to a reading of 68 in September.
The Treasury International Capital report for July will be released at 4:00 p.m. ET.
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