US Stocks Mixed; Dow Falls Over 50 Points

U.S. stocks traded mixed this morning, with the Dow Jones dropping more than 50 points on Monday.

Following the market opening Monday, the Dow traded down 0.19% to 34,341.91 while the NASDAQ rose 0.28% to 13,827.05. The S&P 500, also fell, dropping, 0.02% to 4,449.70.

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Leading and Lagging Sectors

• Consumer discretionary shares jumped by 1.6% on Monday.
• In trading on Monday, health care shares fell by 1.1%.

Top Headline

The S&P Global manufacturing PMI was confirmed at 46.3 in June, versus prior month’s reading of 48.4.

Equities Trading UP

• Advanced Health Intelligence Ltd. AHI shares shot up 23% to $4.72. Advanced Health Intelligence recently announced the implementation of an ADS ratio change.
• Shares of Ventyx Biosciences, Inc. VTYX got a boost, shooting 20% to $39.23.
• ACM Research, Inc. ACMR shares were also up, gaining 17% to $15.28 after Jefferies upgraded its rating from Underperform to Buy and raised the price target from $9 to $23.4.

Equities Trading DOWN

• Protagonist Therapeutics, Inc. PTGX shares dropped 27% to $20.05.
• Shares of VBI Vaccines Inc. VBIV were down 16% to $2.76. VBI Vaccines shares surged 75% on Friday after the company announced a $25.35 million contract from the Department of Health and Human Services.
• Addentax Group Corp. ATXG was down, falling 10% to $5.93. Addentax Group recently announced that it formed a cooperation leading certain Games-as-a-Service firms to launch a project focusing on the development of AI Online Operational Tools.

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Commodities

In commodity news, oil traded down 0.1% to $70.59 while gold traded up 0.1% at $1,930.20.

Silver traded up 0.4% to $23.115 on Monday while copper rose 0.9% to $3.7925.

Euro zone

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

The HCOB Eurozone manufacturing PMI was revised lower to 43.4 in June compared to the preliminary reading of 43.6. German manufacturing PMI was revised lower to 40.6 in June from the preliminary level of 41.0, while French manufacturing PMI was revised upwards to 46 in June versus a preliminary estimate of 45.5.

The S&P Global/CIPS UK manufacturing PMI was revised higher to 46.5 in June versus the preliminary estimate of 46.2. France’s government budget deficit widened to EUR 107.2 billion in January-May from EUR 82.3 billion in the year-ago month.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan’s Nikkei 225 gaining 1.70%, Hong Kong’s Hang Seng Index gaining 2.06%, China’s Shanghai Composite Index gaining 1.31%. India’s S&P BSE Sensex gained 0.7%.

Retail sales in Hong Kong jumped 16.5% year-over-year in May following a revised 13.1% growth in the prior month. The S&P Global Indian manufacturing PMI fell to 57.8 in June versus May's level of 58.7. The Caixin Chinese General Manufacturing PMI declined to 50.5 in June from 50.9 a month ago. The au Jibun Bank Japanese manufacturing PMI fell to 49.8 in June from 50.6 in May.

Australia’s value of new home loans climbed 4% month-over-month to A$16.37 billion in May, while building permits jumped 20.6% month-over-month to 15,032 units in May.

Economics

The S&P Global manufacturing PMI was confirmed at 46.3 in June, versus prior month’s reading of 48.4.

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,321,660 cases with around 1,168,190 deaths. India confirmed a total of at least 44,994,280 cases and 531,900 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 690,976,080 cases of COVID-19 worldwide with more than 6,896,030 deaths.