U.S. stocks traded lower this morning, with the Dow Jones index falling more than 300 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.66% to 49,264.22 while the NASDAQ declined 0.15% to 23,699.14. The S&P 500 also fell, dropping, 0.24% to 6,960.41.

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Leading and Lagging Sectors

Energy shares gained by 1.4% on Tuesday.

In trading on Tuesday, financial stocks dipped by 1.7%.

Top Headline

JPMorgan Chase & Co (NYSE:JPM) reported better-than-expected earnings for the fourth quarter on Tuesday.

The company posted quarterly earnings of $5.23 per share which beat the analyst consensus estimate of $4.92 per share. The company reported quarterly sales of $46.767 billion which beat the analyst consensus estimate of $46.024 billion.

Equities Trading UP
           

Equities Trading DOWN

Commodities

In commodity news, oil traded up 2% to $60.69 while gold traded down 0.5% at $4,592.90.

Silver traded up 0.7% to $85.700 on Tuesday, while copper rose 0.4% to $6.0545.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.1%, while Spain's IBEX 35 Index fell 0.2%. London's FTSE 100 slipped 0.1%, Germany's DAX slipped 0.1% and France's CAC 40 fell 0.4% during the session.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei surging 3.10%, Hong Kong's Hang Seng Index gaining 0.90%, China's Shanghai Composite falling 0.64% and India's BSE Sensex falling 0.30%.

Economics

• The NFIB Small Business Optimism Index surged to 99.5 in December, recording its highest level since August.
• The annual inflation rate remained at 2.7% in December, the same as in the previous month.

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