U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1.5% on Tuesday.
The Dow traded down 0.12% to 44,859.42 while the NASDAQ fell 1.53% to 21,298.54. The S&P 500 also fell, dropping, 0.68% to 6,405.48.
Check This Out: Top 3 Energy Stocks That May Crash In August
Leading and Lagging Sectors
Real estate shares jumped by 1.5% on Tuesday.
In trading on Tuesday, communication services stocks fell by 1.4%.
Top Headline
Medtronic plc (NYSE:MDT) posted better-than-expected earnings for the first quarter and announced key board appointments on Tuesday, naming John Groetelaars and Bill Jellison as independent directors, effective immediately.
Medtronic reported strong first-quarter 2026 results, with sales hitting $8.58 billion, surpassing the consensus estimate of $8.38 billion. This marks an 8.4% increase year-over-year, with organic growth of 4.8%. Adjusted earnings of $1.26 per share also beat expectations of $1.23.
Medtronic reiterated its fiscal year 2026 organic revenue growth guidance of 5%. The company revised its …