Crude Oil Down 3%; XPeng Shares Fall After Q2 Results

by | Aug 24, 2026 | General

U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 150 points on Monday.

The Dow traded up 0.29% to 53,429.01 while the NASDAQ fell 0.44% to 26,064.84. The S&P 500 also fell, dropping, 0.22% to 7,657.47.

Leading and Lagging Sectors

Consumer staples shares jumped by 1.5% on Monday.

In trading on Monday, information technology stocks fell by 1.7%.

Top Headline

XPeng Inc. (NYSE:XPEV) shares fell around 7% on Monday after the Chinese electric vehicle maker reported a wider-than-expected second-quarter loss and issued a third-quarter revenue outlook below Wall Street estimates.

XPeng reported second-quarter revenue of 19.74 billion Chinese yuan ($2.91 billion), up 8% year over year and 51.5% from the previous quarter. The figure missed the analyst consensus estimate of $2.95 billion. Adjusted loss per American depositary share was 1.29 yuan, or 19 cents, wider than the analyst consensus estimate for a loss of 0.76 yuan.

XPeng expects third-quarter deliveries of 115,000 to 121,000 vehicles. That represents a year-over-year change ranging from a 0.87% decline to 4.30% growth. The company forecast revenue of 21.70 billion yuan to 23.40 billion yuan, representing growth of 6.47% to 14.81%. The outlook came in below the analyst consensus estimate of 25.88 billion yuan.

Equities Trading UP
           

  • Napco Security Technologies Inc (NASDAQ:NSSC) shares shot up 11% to $42.36 after the company reported better-than-expected fourth-quarter financial results.
  • Shares of Expion360 Inc (NASDAQ:XPON) got a boost, surging 92% to $6.59 after the company announced a $3.425 million acquisition of Eastern Louisiana Oil and Gas Exploration Prospect. The company announced the company commenced a $9 million offering of 2.117 million shares at $4.25 per share.
  • Alvotech SA (NASDAQ:ALVO) shares were also up, gaining 9% to $4.84 after B of A Securities initiated coverage on the stock with a Buy rating and announced a $7 price target.

Equities Trading DOWN

  • Regenxbio Inc (NASDAQ:RGNX) shares dropped 25% to $8.09 after the company announced that the FDA placed a clinical hold on RGX-121 following the discovery of asymptomatic spine MRI findings in five participants in the CAMPSIITE study.
  • Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) were down 14% to $106.74 after the company announced a $600 million at-the-market equity offering.
  • Azenta, Inc (NASDAQ:AZTA) was down, falling 10% to $33.52. Azenta named Martin Madaus as interim president and CEO. The company also reiterated its fourth-quarter revenue outlook.

Commodities

In commodity news, oil traded down 3% to $84.48 while gold traded up 1.1% at $4,733.50.

Silver traded down 0.6% to $69.15 on Monday, while copper rose 0.4% to $6.6135.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index rose 0.5%, London’s FTSE 100 gained 0.2%, Germany’s DAX declined 0.3%, while France’s CAC 40 fell 0.4%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan’s Nikkei 225 falling 0.74%, Hong Kong’s Hang Seng index dipping 1.89%, China’s Shanghai Composite declining 0.59% and India’s BSE Sensex dropping 0.22%.

Economics

The Chicago Fed National Activity Index slipped to -0.08 in July from 0.06 in the previous month, indicating a slight deterioration in economic activity.

Photo via Shutterstock