Market Overview

Mid-Afternoon Market Update: Dow Falls Over 100 Points; Silver Down 1%

Share:

Toward the end of trading Tuesday, the Dow traded down 0.36% to 30,295.92 while the NASDAQ fell 0.36% to 12,853.18. The S&P also fell, dropping 0.23% to 3,726.68.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 19,310,590 cases with around 334,960 deaths. India confirmed a total of at least 10,224,300 confirmed cases and 148,150 deaths, while Brazil reported over 7,504,830 COVID-19 cases with 191,570 deaths. In total, there were at least 81,380,390 cases of COVID-19 worldwide with over 1,776,990 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Consumer discretionary shares climbed 0.4% on Tuesday. Meanwhile, top gainers in the sector included Pinduoduo Inc. (NASDAQ: PDD), up 15%, and Cango Inc. (NYSE: CANG), up 15%.

In trading on Tuesday, industrials shares fell 1.2%.

Top Headline

The House passed a bill Monday raising the payment to $2,000, and Senate Minority Leader Chuck Schumer will try to pass the House bill by unanimous consent Tuesday.

Republicans are expected to object, which might mean a vote in a few days that would require 60 senators.

 

Equities Trading UP

Universal Security Instruments, Inc. (NYSE: UUU) shares shot up 82% to $5.60. DPW Holdings, earlier during the month, entered into agreement to purchase a 9.9% equity interest in Universal Security Instruments.

Shares of Technical Communications Corporation (NASDAQ: TCCO) got a boost, shooting 58% to $6.13. Technical Communications, on Monday, reported a net loss of $0.49 per share, on revenue of $4,108,000 for the year ended September 26, 2020.

Caesarstone Ltd. (NASDAQ: CSTE) shares were also up, gaining 20% to $12.93. Benchmark initiated coverage on Caesarstone with a Buy rating.

Equities Trading DOWN

Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) shares tumbled 52% to $44.23 after the company provided an update on data from its vaccine candidate, ARCT-021. Following the update, multiple firms, including Baird, HC Wainwright & Co and Raymond James downgraded ratings on the stock.

Shares of Ameri Holdings, Inc. (NASDAQ: AMRH) were down 51% to $1.83 after the company announced stockholders approved all proposals to complete the tender offer for Jay Pharma shares.

Monaker Group, Inc (NASDAQ: MKGI) was down, falling 32% to $2.41. Monaker Group increased size of its offering from 2.6 million shares to 3.08 million shares at $2.50 per share.

Commodities

In commodity news, oil traded up 0.5% to $47.84, while gold traded up 0.1% to $1,882.20.

Silver traded down 1% Tuesday to $26.27 while copper fell 0.6% to $3.5480.

Euro zone

European shares closed mostly higher today on continued optimism over Britain and the European Union signing the Brexit trade deal. The eurozone’s STOXX 600 rose 0.76%, the Spanish Ibex Index rose 0.24% and German DAX 30 slipped 0.21%. Meanwhile, the French CAC 40 rose 0.42%, London’s FTSE 100 gained 1.55% and Italy’s FTSE MIB Index fell 0.13%.

Economics

The Johnson Redbook Retail Sales Index rose 0.4% during the first four weeks of December versus November.

The S&P CoreLogic Case-Shiller home price index increased 7.9% year-over-year in October, versus a 6.6% increase in the prior month.

 

Related Articles (AMRH + ARCT)

View Comments and Join the Discussion!

Posted-In: News Penny Stocks Eurozone Commodities Small Cap Global Intraday Update Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com