Crude Oil Dips Over 4%; SPAR Group Shares Spike Higher

Market Performance - U.S. stocks traded lower, with the S&P 500 falling around 2% to 5,535.29, the Dow down 1.49% to 40,944.47, and the NASDAQ down 3.07% to 17,169.68 [1] - Consumer staples shares increased by 1%, while information technology shares decreased by 3.7% [1] Construction and Economic Indicators - U.S. construction spending declined by 0.3% month-over-month to an annual rate of $2,162 billion in July [2][8] - The Logistics Manager's Index fell to 56.4 in August compared to 56.5 in July [8] - The S&P Global manufacturing PMI was revised lower to 47.9 in August from a preliminary reading of 48 [8] - The ISM manufacturing PMI rose to 47.2 in August from 46.8, missing market estimates of 47.5 [8] - The RealClearMarkets/TIPP Economic Optimism Index rose by 1.6 points to a reading of 46.1 in September [8] Notable Company Movements - Sify Technologies Limited shares surged 112% to $0.7017 after achieving NVIDIA DGX-ready data center certification [2] - SPAR Group, Inc. shares increased 65% to $2.3950 following an acquisition agreement at $2.50 per share [2] - Conifer Holdings, Inc. shares rose 83% to $1.2089 after selling its insurance agency operations for $45 million [2] Declining Company Stocks - IO Biotech, Inc. shares dropped 31% to $1.0299 after no new safety signals were observed in a Phase 3 trial [3] - Dyne Therapeutics, Inc. shares fell 35% to $30.17 following new clinical data from a Phase 1/2 trial [3] - Recursion Pharmaceuticals, Inc. shares decreased 16% to $6.11 after announcing Phase 2 data for a treatment [3] Commodity Prices - Oil prices fell 4.5% to $70.21, gold decreased by 0.3% to $2,521.10, silver dropped 2.7% to $28.345, and copper fell 2.9% to $4.0910 [4]