Crude Oil Rises Sharply; 3M Posts Upbeat Earnings

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

The Dow traded down 0.09% to 42,891.94 while the NASDAQ slipped 0.28% to 18,488.16. The S&P 500 also fell, dropping, 0.30% to 5,836.28.

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Leading and Lagging SectorsEnergy shares rose by 0.5% on Tuesday.

In trading on Monday, industrials shares fell by 1.1%.

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3M Company (NYSE:MMM) reported better-than-expected third-quarter adjusted EPS and sales and revised FY24 EPS guidance.

The company reported net sales of $6.294 billion, a slight increase of 0.4% year-over-year. Adjusted net sales totaled $6.068 billion, up 1.5% on year and marginally beating the consensus of $6.057 billion. Adjusted EPS was $1.98, up 18% Y/Y, beating the consensus of $1.90.

Equities Trading UP                       

iRhythm Technologies, Inc. (NASDAQ:IRTC) shares shot up 20% ...