Nasdaq Falls Over 100 Points; Tyson Foods Posts Downbeat Sales

Benzinga
05 May

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Monday.

Following the market opening Monday, the Dow traded down 0.38% to 41,158.62 while the NASDAQ fell 0.79% to 17,835.60. The S&P 500 also fell, dropping, 0.73% to 5,645.34.

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Leading and Lagging SectorsConsumer staples shares fell by just 0.3% on Monday.

In trading on Monday, energy stocks dipped by 2.2%.

Top Headline

Tyson Foods, Inc. (NYSE:TSN) reported worse-than-expected second-quarter sales results.

Tyson Foods reported quarterly earnings of 92 cents per share which beat the analyst consensus estimate of 82 cents per share. The company reported quarterly sales of $13.07 billion which missed the analyst consensus estimate of $13.14 billion.

Equities Trading UP                       

  • Hyperscale Data, Inc. (NASDAQ:GPUS) shares shot up 193% to $4.01 after the company issued first-quarter and FY25 sales guidance.
  • Shares of N2OFF, Inc. (NASDAQ:NITO)got a boost, surging 77% to $0.5003.
  • NuCana plc (NASDAQ:NCNA) shares were also up, gaining 57% to $0.7501 after falling around 12% on Friday.

Equities Trading DOWN

  • Click Holdings Limited (NASDAQ:CLIK) shares dropped 28% to $0.2482.
  • Shares of Freight Technologies, Inc. (NASDAQ:FRGT) were down 25% to $1.55.
  • DigiAsia Corp. (NASDAQ:FAAS) was down, falling 27% to $0.2012.

CommoditiesIn commodity news, oil traded down 1.5% to $57.42 while gold traded up 2.6% at $3,328.00.

Silver traded up 1.7% to $32.815 on Monday, while copper rose 1.9% to $4.7620.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.1%, while Spain's IBEX 35 Index gained 0.4%. Germany's DAX 40 rose 0.9% and France's CAC 40 fell 0.5% during the session.

Asia Pacific Markets

Asian markets closed higher on Monday, with India's BSE Sensex rising 0.37%.

Economics

The S&P Global services PMI was revised lower to 50.8 in April 2025 compared to a preliminary reading of 51.4.

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Photo via Shutterstock

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