Crude Oil Gains 2%; D.R. Horton Earnings Top Views

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling 1.5% on Tuesday as President Donald Trump’s threat to impose escalating tariffs on Europe over the Greenland dispute continued to roil global markets.

The Dow traded down 1.17% to 48,780.92 while the NASDAQ dipped 1.52% to 23,157.18. The S&P 500 also fell, dropping, 1.32% to 6,848.33.

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Leading and Lagging Sectors

Energy shares gained by 0.3% on Tuesday.

In trading on Friday, information technology stocks dipped by 2%.

Top Headline

D.R. Horton, Inc. (NYSE:DHI) reported upbeat earnings for its fiscal 2026 first quarter.

Net income attributable to D.R. Horton totaled $594.8 million, or $2.03 per diluted share, for the three months ended Dec. 31, 2025, compared with $844.9 million, or $2.61 per diluted share, in the prior-year quarter. Earnings per share exceeded the $1.95 analyst estimate.

Revenue was $6.887 billion, down from $7.613 billion a year earlier. Sales also exceeded expectations, surpassing the $6.603 billion consensus estimate.

Equities Trading UP
           

• Rapt Therapeutics Inc (NASDAQ:RAPT) shares shot up 64% to $57.52 after GSK announced it will acquire the company.
• Shares of Corvus Pharmaceuticals Inc (NASDAQ:CRVS) got a boost, surging 107% to $16.66 after announcing results from cohort 4 of randomized, blinded, placebo-controlled Phase 1 clinical trial evaluating soquelitinib in patients with moderate to severe atopic dermatitis.
• Immunitybio Inc (NASDAQ:IBRX) shares were also up, gaining 23% to $6.78 after the company announced that it recently held a Type B End-of-Phase meeting with the FDA regarding its supplemental Biologics License Application for ANKTIVA plus Bacillus Calmette-Guérin in BCG-unresponsive non-muscle invasive bladder cancer with papillary tumors.

Equities Trading DOWN

• Bakkt Holdings Inc (NYSE:BKKT) shares dropped 19% to $17.42 after the company announced a $300 million ATM equity program.
• Shares of NovaBay Pharmaceuticals Inc (NYSE:NBY) were down 45% to $8.07. Novabay Pharmaceuticals filed for offering of up to $100 million common stock.
• Synlogic Inc (NASDAQ:SYBX) was down, falling 38% to $0.70 after the company received Nasdaq delisting notification.

Commodities

In commodity news, oil traded up 2% to $60.62 while gold traded up 3.6% at $4,759.30.

Silver traded up 7.1% to $94.845 on Tuesday, while copper fell 0.8% to $5.7845.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.92%, while Spain's IBEX 35 Index fell 1.35%. London's FTSE 100 dipped 0.97%, Germany's DAX fell 1.14% and France's CAC 40 slipped 0.86% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Tuesday, with Japan's Nikkei falling 1.11%, Hong Kong's Hang Seng Index declining 0.29%, China's Shanghai Composite falling 0.01% and India's BSE Sensex falling 1.28%.

Economics

The ADP reported that US private employers added an average of 8,000 jobs per week during the four weeks ending Dec. 27, compared to an average gain of 11,250 in the prior period.

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