Crude Oil Falls Over 2%; PayPal Shares Spike Higher

Benzinga
Oct 29

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 0.4% on Tuesday.

The Dow traded up 0.39% to 47,731.04 while the NASDAQ rose 0.42% to 23,736.30. The S&P 500 also rose, gaining, 0.07% to 6,879.97.

Check This Out: Top 3 Consumer Stocks Which Could Rescue Your Portfolio In Q4

Leading and Lagging SectorsInformation technology shares jumped by 0.7% on Tuesday.

In trading on Tuesday, real estate stocks fell by 1.6%.

Top Headline

PayPal Holdings Inc. (NASDAQ:PYPL) stock jumped around 12% on Tuesday after it announced an OpenAI collaboration, upbeat third-quarter 2025 results, and the initiation of a dividend plan.

The Venmo parent reported a quarterly revenue growth of 7% year-over-year to $8.42 billion, topping the analyst consensus estimate of $8.23 billion. The adjusted EPS was $1.34, beating the analyst consensus estimate of $1.20.

Equities Trading UP           

  • Vsee Health Inc (NASDAQ:VSEE) shares shot up 221% to $1.98 after the company received U.S. Department of Health and Human Services authority to operate at the FedRAMP High level.
  • Shares of Arcutis Biotherapeutics Inc (NASDAQ:ARQT) got a boost, surging 26% to $24.78 following strong quarterly results.
  • Wayfair Inc (NYSE:W) shares were also up, gaining 20% to $103.72 following better-than-expected third-quarter results.

Equities Trading DOWN

  • Co-Diagnostics Inc (NASDAQ:CODX) shares dropped 54% to $0.58 after the company announced a $7 million registered direct offering of 12,727,272 shares at a price of $0.55 per share.
  • Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) were down 15% to $65.92 after the company lowered its FY2025 FFO guidance.
  • Olin Corp (NYSE:OLN) was down, falling 15% to $20.46 following downbeat quarterly sales.

CommoditiesIn commodity news, oil traded down 2.2% to $59.97 while gold traded down 1.6% at $3,956.10.

Silver traded up 0.5% to $47.02 on Tuesday, while copper fell 1% to $5.1220.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.32%, while Spain's IBEX 35 Index rose 0.32%. London's FTSE 100 rose 0.46%, Germany's DAX 40 fell 0.15% and France's CAC 40 fell 0.35% during the session.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan's Nikkei 225 falling 0.58%, Hong Kong's Hang Seng index declining 0.33%, China's Shanghai Composite falling 0.22% and India's BSE Sensex falling 0.18%.

Economics

  • The FHFA house price index rose by 0.4% month-over-month in August.
  • The S&P CoreLogic Case-Shiller 20-City Home Price Index climbed 1.6% year-over-year in August compared to market expectations of a 1.9% gain.
  • U.S. private businesses created an average of 14,250 jobs per week during the four weeks ending on Oct. 11.

Now Read This:

  • Wall Street’s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 9% Dividend Yields

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10