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U.S. stocks traded lower this morning, with the Dow Jones falling around 75 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.22% to 34,587.58 while the NASDAQ fell 0.21% to 13,888.42. The S&P 500 also fell, dropping 0.27% to 4,475.46.

Check This Out: Adobe To Rally Over 14%? Here Are 10 Other Analyst Forecasts For Tuesday

 

Leading and Lagging Sectors

Energy shares jumped by 1.7% on Tuesday.

In trading on Tuesday, healthcare shares fell by 0.8%.

 

Top Headline

The NFIB Small Business Optimism Index fell to 91.3 in August from 91.9 in the previous month, down from market estimates of 91.6.

 

Equities Trading UP

Tenon Medical, Inc. (NASDAQ:TNON) shares shot up 95% to $0.2801 after the company announced it has withdrawn its proposed public offering of shares of its common stock.

Shares of Avalo Therapeutics, Inc. (NASDAQ:AVTX) got a boost, shooting 50% to $0.1277 after the company agreed to divest AVTX-800 series.

Aurora Cannabis Inc. (NASDAQ:ACB) shares were also up, gaining 24% to $1.1300.

 

Equities Trading DOWN

Acelyrin, Inc. (NASDAQ:SLRN) shares dropped 62% to $10.57 after the company announced topline results from Part B of a Phase 2b/3 trial evaluating izokibep for moderate-to-severe Hidradenitis Suppurativa (HS).

Shares of Sight Sciences, Inc. (NASDAQ:SGHT) were down 43% to $3.6950 after the company issued third-quarter total revenue guidance below estimates and cut full-year 2023 revenue guidance below estimates.

Spectral AI Ltd. (NASDAQ:MDAI) was down, falling 44% to $6.49. Spectral AI, Inc. commenced trading on the Nasdaq Global Market following the closing of its earlier announced business combination with Rosecliff Acquisition Corp I.

Also Check This Out: Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains In September

 

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