Gold Down 3%; Medtronic Earnings Top Views

U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 50 points on Tuesday.

The Dow traded down 0.01% to 49,499.55 while the NASDAQ fell 0.25% to 22,489.25. The S&P 500 also fell, dropping, 0.13% to 6,827.16.

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Leading and Lagging Sectors

Financial shares gained by 0.9% on Tuesday.

In trading on Tuesday, materials stocks fell by 2%.

Top Headline

Medtronic PLC (NYSE:MDT) posted better-than-expected earnings for the third quarter.

The company posted adjusted EPS of $1.36, beating market estimates of $1.33. The company's quarterly sales came in at $9.017 billion, versus expectations of $8.905 billion.

Medtronic affirmed its FY2026 adjusted EPS guidance of $5.62-$5.66, versus market estimates of $5.65.

Equities Trading UP

OLB Group Inc (NASDAQ:OLB) shares shot up 121% to $0.92 after the company entered into a global partner agreement with PayPal to enhance SecurePay payment gateway platform and accelerate digital payments for small and mid-sized merchants.
Shares of TG-17 Inc (NASDAQ:OBAI) got a boost, surging 43% to $4.46. The company announced a name change to Our Bond.
Gaxos.ai Inc. (NASDAQ:GXAI) shares were also up, gaining 37% to $1.44. Gaxos.ai on Tuesday announced that it finalized a deal with Byteplus, the Enterprise Technology Division of ByteDance. ByteDance is the parent company of short-form social media platform TikTok.

Equities Trading DOWN

Ocular Therapeutix Inc (NASDAQ:OCUL) shares dropped 22% to $6.90. The company announced topline results from the SOL-1 Phase 3 superiority trial of AXPAXLI.
Shares of Orion SA (NYSE:OEC) were down 14% to $6.14 following fourth-quarter results. Orion posted adjusted loss of 34 cents per share.
Liminatus Pharma Inc (NASDAQ:LIMN) was down, falling 38% to $0.23 as the company announced pricing of $4.0 million public offering.

Commodities

In commodity news, oil traded down 0.7% to $62.48 while gold traded down 3.1% at $4,887.40.

Silver traded down 6.8% to $72.650 on Tuesday, while copper fell 2.8% to $5.6435.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.22%, while Spain's IBEX 35 Index rose 0.51%. London's FTSE 100 gained 0.41%, Germany's DAX rose 0.43% and France's CAC 40 climbed 0.36% during the session.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei falling 0.42% and India's BSE Sensex gaining 0.21%.

Economics

U.S. private employers added an average of 10,250 jobs a week during the four weeks ending Jan. 31, compared to 7,750 in the prior period, according to ADP Research.
The NY Empire State Manufacturing Index declined to 7.1 in February compared to 7.7 in the previous month, and versus market estimates of 7.

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