U.S. stocks turned lower midway through trading, with the Dow Jones dropping around 100 points on Tuesday.

The Dow traded down 0.31% to 33,044.71 while the NASDAQ fell 0.78% to 10,384.91. The S&P 500 also fell, dropping, 0.46% to 3,821.99.

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Leading and Lagging Sectors

In trading on Tuesday, energy shares fell 1.4%.

Top Headline

US manufacturing PMI fell to 46.2 for December, versus prior reading of 47.7. Analysts were also expecting a reading of 46.2.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 1.8% to $78.79 while gold traded up 0.6% at $1,837.40.

Silver traded up 1.3% to $24.345 on Tuesday while copper fell 0.1% to $3.8065.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 1.31%, London’s FTSE 100 gained 1.4% while Spain’s IBEX 35 Index rose 0.43%. The German DAX gained 0.92%, French CAC 40 rose 0.65% and Italy’s FTSE MIB Index climbed 1.19%.

The S&P Global/CIPS UK manufacturing PMI rose to 45.3 in December versus a preliminary reading of 44.7. The unemployment rate in Germany came in unchanged at 5.5% in December.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with the Hong Kong’s Hang Seng Index gaining 1.84%, and China’s Shanghai Composite Index adding 0.88%.

The Caixin general manufacturing PMI for China declined to 49.0 in December, recording the lowest reading since September. Singapore’s economy expanded 2.2% from a year ago in the fourth quarter.

Economics

• US manufacturing PMI fell to 46.2 for December, versus prior reading of 47.7. Analysts were also expecting a reading of 46.2.
• Construction spending increased 0.2% month-over-month in November versus a revised 0.2% drop in the prior month.

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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 102,686,750 cases with around 1,118,480 deaths. India confirmed a total of at least 44,680,090 cases and 530,700 deaths, while France reported over 39,333,260 COVID-19 cases with 162,210 deaths. In total, there were at least 665,732,580 cases of COVID-19 worldwide with more than 6,699,830 deaths.