US Stocks Turn Lower; Dow Falls Over 100 Points

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

The Dow traded down 0.33% to 33,737.33 while the NASDAQ fell 0.56% to 10,987.41. The S&P 500 also fell, dropping, 0.39% to 3,948.56.

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Leading and Lagging Sectors

Real estate shares rose by 1.1% on Tuesday. Leading the sector was strength from Diversified Healthcare Trust DHC and KE Holdings Inc. BEKE.

In trading on Tuesday, information technology shares fell by 0.9%.

Top Headline


The S&P CoreLogic Case-Shiller 20-city home price index rose by 10.4% from a year ago in September.


Equities Trading UP


  • Apollo Endosurgery, Inc. APEN shares shot up 66% to $9.93 after the company announced it will be acquired by Boston Scientific for $10 per share in cash.
  • Shares of Bilibili Inc. BILI got a boost, shooting 23% to $15.44 after the company reported better-than-expected Q3 adjusted EPS and sales results.
  • Citi Trends, Inc. CTRN shares were also up, gaining 24% to $28.88 after the company reported better-than-expected Q3 adjusted EPS and sales results.


Equities Trading DOWN

  • MICT, Inc. MICT shares tumbled 28% to $0.81 after dropping 13% on Monday. MICT said that the company is targeting a considerable share repurchase program post-merger close
  • Shares of Enfusion, Inc. ENFN were down 16% to $10.30. Enfusion announced resignation of chief financial officer and reiterated Q4 and FY22 outlook.
  • Alaunos Therapeutics, Inc. TCRT was down, falling 24% to $0.6598 after the company reported pricing of public offering of common stock.

Also check out: Dow Dips Around 500 Points, Market Volatility Increases Further


In commodity news, oil traded up 1.3% to $78.23 while gold traded up 0.6% at $1,750.10.

Silver traded up 2.6% to $21.455 on Tuesday while copper rose 0.9% to $3.6445.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 fell 0.13%, London’s FTSE 100 rose 0.51% while Spain’s IBEX 35 Index slipped 0.01%. The German DAX fell 0.19%, French CAC 40 rose 0.06% and Italy’s FTSE MIB Index gained 0.10%.

The consumer confidence indicator in the Eurozone increased by 3.6 points to -23.9 in November. The services confidence indicator in the Eurozone rose to 2.3 in November versus a revised 2.1 a month ago, while industry confidence indicator fell for a ninth straight month to -2.0 in November. The economic sentiment indicator in the Eurozone increased 1 point to 93.7 in November.

Consumer credit in the UK increased by GBP 0.769 billion in October. Industrial producer prices in Italy climbed 20.8% year-over-year in October, while industrial sales fell by 1.2% over a month.


Asia Pacific Markets

Asian markets closed mostly higher on Tuesday, with the Japan’s Nikkei dropping 0.48% and Hong Kong’s Hang Seng Index jumping 5.24%. China’s Shanghai Composite Index climbed 2.31%.

Japanese unemployment rate came in unchanged at 2.6% in October, while retail sales rose by 4.3% from a year ago in October.




  • The S&P CoreLogic Case-Shiller 20-city home price index rose by 10.4% from a year ago in September.
  • The FHFA house price index gained 0.1% from a month ago in September.
  • The Dallas Fed general business activity index for services in Texas climbed to -11 in November versus a reading of -13.6 in the previous month.


Check out this: Investor Sentiment Declines Amid Protests Over COVID Restrictions In China

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 100,507,920 cases with around 1,104,870 deaths. India confirmed a total of at least 44,673,170 cases and 530,610 deaths, while France reported over 37,686,600 COVID-19 cases with 158,770 deaths. In total, there were at least 646,686,640 cases of COVID-19 worldwide with more than 6,637,940 deaths.

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