US Stocks Mixed; Dow Drops 100 Points

U.S. stocks traded mixed this morning, with the Dow Jones dropping around 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.36% to 32,769.11 while the NASDAQ rose 0.11% to 11,479.79. The S&P 500 also fell, dropping, 0.07% to 3,979.56.

Check This Out: HP All Set To Announce Earnings Today; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts


Leading and Lagging Sectors

  • Communication services shares rose 0.5% on Tuesday. Meanwhile, top gainers in the sector included Clear Channel Outdoor Holdings, Inc. CCO, up 18%, and Playtika Holding Corp. PLTK, up 6%.
  • In trading on Tuesday, utilities shares fell by 0.8%.


Top Headline

The US trade deficit in goods increased to $91.5 billion in January versus a revised $89.7 billion in the prior month.


Equities Trading UP

  • Mount Rainier Acquisition Corp. RNER shares shot up 33% to $6.70. Mount Rainier Acquisition shares dropped 46% on Monday possibly after the company's general meeting was cancelled on Sunday.
  • Shares of Bullfrog AI Holdings, Inc. BFRG got a boost, shooting 19% to $3.2563. Bullfrog AI recently priced its IPO at $6.50 per share.
  • Intuitive Machines, Inc. LUNR shares were also up, gaining 19% to $24.03. Canaccord Genuity, on Monday, initiated coverage on Intuitive Machines with a Buy rating and announced a price target of $35.


Equities Trading DOWN

  • TaskUs, Inc. TASK shares tumbled 24% to $15.70 after the company announced better-than-expected Q4 results.
  • Shares of ContraFect Corporation CFRX were down 25% to $3.57 after the company announced pricing of a $10 million registered direct offering and concurrent private placement.
  • Consolidated Communications Holdings, Inc. CNSL was down, falling 26% to $2.92 after the company posted Q4 results.

Also Check This Out: Top 5 Health Care Stocks That You May Want To Dump In Q1 2023



In commodity news, oil traded up 1.8% to $77.05 while gold traded down 0.2% at $1,822.10.

Silver traded down 0.3% to $20.725 on Tuesday while copper rose 1.1% to $4.0565.


Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.3%, London’s FTSE 100 fell 0.9% while Spain’s IBEX 35 Index rose 1%. The German DAX declined 0.1% French CAC 40 fell 0.2% and Italy’s FTSE MIB Index gained 0.4%.

The annual consumer price inflation rate in Spain rose to 6.1% in February from 5.9% in the earlier month. Annual inflation rate in France accelerated for a second consecutive month to 6.2% in February, while producer prices in the country rose 2.7% month-over-month in January. The French economy grew 0.1% on quarter during the final three months of 2022. Import prices in Germany climbed 6.6% year-over-year in January.


Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.08%, Hong Kong’s Hang Seng Index falling 0.79% and China’s Shanghai Composite Index gaining 0.66%. India’s S&P BSE Sensex dropped 0.6%.

Japanese housing starts increased by 6.6% year-over-year in January, while industrial production fell by 4.6% month-over-month in January. Retail sales in Japan surged 6.3% year-over-year in January. The Domestic Supply Price Index in Singapore fell 1.6% year-over-year for January, while Singapore’s bank loans fell to SGD 807.1 billion in January.

Retail sales in Australia climbed 1.9% from a month ago to AUD 35.09 billion in January, while current surplus widened to AUD 14.1 billion in the fourth quarter versus a revised AUD 0.8 billion surplus in the prior quarter.



  • The US trade deficit in goods increased to $91.5 billion in January versus a revised $89.7 billion in the prior month.
  • The S&P CoreLogic Case-Shiller 20-city home price index climbed 4.6% year-over-year in December.
  • The FHFA house price index fell 0.1% from a month ago in December.
  • Wholesale inventories dropped by 0.4% from a month ago to $929.7 billion in January.

Now Read This: Insiders Selling TransMedics Group And 2 Other Stocks


COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 105,266,330 cases with around 1,145,410 deaths. India confirmed a total of at least 44,686,370 cases and 530,770 deaths, while France reported over 39,616,580 COVID-19 cases with 164,920 deaths. In total, there were at least 679,863,560 cases of COVID-19 worldwide with more than 6,799,560 deaths.

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday UpdateMarketsMid Morning Market Update
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!