Dow Tumbles Over 100 Points; T2 Biosystems Shares Jump

U.S. stocks traded mixed toward the end of trading, with the Dow Jones dropping over 100 points on Tuesday.

The Dow traded down 0.38% to 32,966.16 while the NASDAQ rose 0.14% to 12,994.47. The S&P 500, also fell, dropping, 0.15% to 4,199.17.

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Leading and Lagging Sectors

 

Top Headline

The CB consumer confidence index fell to 102.3 in May, versus prior reading of 103.7. However, analysts were expecting a reading of 99.0.

 

Equities Trading UP

 

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 4.5% to $69.37 while gold traded up 0.7% at $1,976.90.

Silver traded down 0.4% to $23.265 on Tuesday while copper fell 0.7% to $3.6560.

 

Euro zone

European shares closed lower today. The eurozone’s STOXX 600 fell 0.92%, London’s FTSE 100 fell 1.38% while Spain’s IBEX 35 Index fell 0.14% The German DAX slipped 0.27% French CAC 40 fell 1.29% and Italy’s FTSE MIB Index fell 0.16%.

Bank lending to households in the Eurozone climbed by 2.5% year-over-year to EUR 6.87 trillion during the month of April.

Industrial producer prices in Italy dropped by 1.5% year-over-year in April, recording the first drop since Jan. 2021. Retail sales in Spain rose 5.5% year-over-year in April, versus a revised 9.9% surge in the prior month. Spanish consumer price inflation fell to 3.2% in May.

 

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan’s Nikkei 225 gaining 0.30%, Hong Kong’s Hang Seng Index rising 0.24% and China’s Shanghai Composite Index gaining 0.09%. India’s S&P BSE Sensex rose 0.1%.

Japanese unemployment rate fell to 2.6% in April from March's reading of 2.8%, and compared to market expectations of 2.7%.

 

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 107,104,020 cases with around 1,165,280 deaths. India confirmed a total of at least 44,990,270 cases and 531,860 deaths, while France reported over 40,080,480 COVID-19 cases with 167,260 deaths. In total, there were at least 689,478,910 cases of COVID-19 worldwide with more than 6,884,010 deaths.

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