Mid-Morning Market Update: Markets Mixed; Dow Drops 50 Points
U.S. stocks traded mixed this morning, with the Dow Jones dropping around 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.17% to 33,004.98 while the NASDAQ fell 0.18% to 12,513.83. The S&P, however, gained, 0.05% to 4,157.55.
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Leading and Lagging Sectors
Energy shares climbed 1.4% on Tuesday. Meanwhile, top gainers in the sector included TETRA Technologies, Inc. NYSE:TTI, up 13% and CVR Energy, Inc. NYSE:CVI up 12%.
In trading on Tuesday, consumer discretionary shares fell by 0.4%.
Top Headline
Pfizer Inc. NYSE:PFE posted upbeat results for its first quarter on Tuesday.
Pfizer posted quarterly adjusted earnings of
Pfizer revised its FY22 adjusted EPS guidance to
Equities Trading UP
SoundHound AI, Inc. NASDAQ:SOUN shares shot up 56% to
Shares of Sonoma Pharmaceuticals, Inc. NASDAQ:SNOA got a boost, shooting 45% to
Enovix Corporation NASDAQ:ENVX shares were also up, gaining 30% to
Equities Trading DOWN
Spero Therapeutics, Inc. NASDAQ:SPRO shares tumbled 57% to
Shares of Chegg, Inc. NYSE:CHGG were down 30% to
Blackboxstocks Inc. NASDAQ:BLBX was down, falling 29% to
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Commodities
In commodity news, oil traded down 0.4% to
Silver traded up 0.7% Tuesday to
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.1%,
The unemployment rate in the Eurozone dropped to a record low of 6.8% in March from a revised 6.9% in February, while annual producer inflation rose to record high of 36.8% in March from a revised 31.5 percent in February. UK's manufacturing PMI increased to 55.8 in April from a preliminary of 55.3, while unemployment rate in
Economics
The Federal Open Market Committee will begin its two-day policy meeting today.
Factory orders rose 2.2% month-over-month to
The number of job openings increased by 205,000 from a month ago to a series high of 11.549 million in March.
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COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 83,170,400 cases with around 1,021,080 deaths.