US Stocks Open Lower; Nasdaq Slides Over 100 Points

U.S. stocks traded lower this morning, with the Nasdaq Composite dropping more than 100 points on Tuesday.

Following the market opening Tuesday, The Dow traded down 0.16% to 33,149.78 while the NASDAQ fell 1.18% to 10,374.27. The S&P 500 also fell, dropping, 0.56% to 3,823.34.

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Leading and Lagging Sectors


In trading on Tuesday, communication services shares fell by 1.5%.


Top Headline

 

The US trade deficit in goods shrank by 15.6% from a month ago to $83.3 billion in November, recording the smallest gap since December 2020.

 

Equities Trading UP

 

 

 

Equities Trading DOWN

 


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Commodities

In commodity news, oil traded up 0.7% to $80.12 while gold traded up 0.9% at $1,821.00.


Silver traded up 1.6% to $24.305 on Tuesday while copper rose 2.1% to $3.8880.

 



Euro zone


European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.1%, while Spain’s IBEX 35 Index rose 0.1%. The German DAX gained 0.3%, French CAC 40 rose 0.7% and Italy’s FTSE MIB Index fell 0.2%.

 


Asia Pacific Markets


Asian markets closed higher on Tuesday, with the Japan’s Nikkei gaining 0.16% and China’s Shanghai Composite Index rose 0.98%.

 

Economics

 

 

 

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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 102,247,570 cases with around 1,116,090 deaths. India confirmed a total of at least 44,678,540 cases and 530,690 deaths, while France reported over 39,159,750 COVID-19 cases with 161,150 deaths. In total, there were at least 662,415,920 cases of COVID-19 worldwide with more than 6,687,740 deaths.

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