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

On Aug. 24, 2026, the Dow Jones rose 0.29% to 53,429.01, while the Nasdaq fell 0.44% to 26,064.84 and the S&P 500 declined 0.22% to 7,657.47. Consumer staples gained 1.5%, while information technology fell 1.7%. XPeng Inc. (NYSE:XPEV) dropped about 7% after reporting second-quarter revenue of 19.74 billion Chinese yuan, or $2.91 billion, up 8% year over year and 51.5% sequentially, but below the $2.95 billion analyst estimate. Adjusted loss per American depositary share was 1.29 yuan, or 19 cents, versus the expected 0.76 yuan loss. XPeng forecast third-quarter deliveries of 115,000 to 121,000 vehicles, ranging from a 0.87% year-over-year decline to 4.30% growth. Revenue guidance of 21.70 billion yuan to 23.40 billion yuan implied growth of 6.47% to 14.81%, below the 25.88 billion yuan consensus. Napco Security Technologies rose 11% to $42.36 after better-than-expected fourth-quarter results. Expion360 Inc. (NASDAQ:XPON) surged 92% to $6.59 after announcing a $3.425 million acquisition of Eastern Louisiana Oil and Gas Exploration Prospect and a $9 million offering of 2.117 million shares at $4.25. Alvotech gained 9% to $4.84 after B of A Securities initiated coverage with a Buy rating and a $7 target. Regenxbio fell 25% to $8.09 after the FDA placed a clinical hold on RGX-121 following asymptomatic spine MRI findings in five CAMPSIITE participants. Applied Optoelectronics declined 14% to $106.74 after announcing a $600 million at-the-market offering. Azenta fell 10% to $33.52 after naming Martin Madaus interim president and CEO while reiterating fourth-quarter revenue guidance. Oil fell 3% to $84.48, gold rose 1.1% to $4,733.50, silver declined 0.6% to $69.15 and copper increased 0.4% to $6.6135. The Chicago Fed National Activity Index slipped to negative 0.08 in July from 0.06.