U.S. stocks traded lower this morning, with the Dow Jones falling more than 200 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.67% to 35,069.60 while the NASDAQ fell 0.47% to 13,723.41. The S&P 500, also fell, dropping, 0.61% to 4,462.38.
Check This Out: LyondellBasell, Dropbox And 2 Other Stocks Insiders Are Selling
Leading and Lagging Sectors
Health care shares fell by just 0.2% on Tuesday.
In trading on Tuesday, energy shares dipped by 2.1%.
Top Headline
Retail sales in the U.S. rose 0.7% month-over-month in July, beating market expectations for a 0.4% growth.
Equities Trading UP
Delcath Systems, Inc. DCTH shares shot up 78% to $5.55 after the company announced FDA approval of HEPZATO KIT for the treatment of adult patients with unresectable hepatic-dominant metastatic uveal melanoma.
Shares of Novo Integrated Sciences, Inc. NVOS got a boost, shooting 85% to $0.1316 after the company and Farm 7 Group announced a joint venture for Kenya Agricultural Cooperative Project.
Siyata Mobile Inc. SYTA shares were also up, gaining 47% to $4.87 following upbeat quarterly sales.
Equities Trading DOWN
F45 Training Holdings Inc. FXLV shares dropped 74% to $0.1868 after the company announced it intends to voluntarily delist and deregister its securities.
Shares of Design Therapeutics, Inc. DSGN were down 70% to $2.17 after the company reported initial results from its Phase 1 multiple-ascending dose study of DT-216 for the treatment of Friedrich ataxia. The company said there were injection site reactions.
Galecto, Inc. GLTO was down, falling 64% to $0.7820 after the company announced topline results from its Phase 2b GALACTIC-1 trial of GB0139 for idiopathic pulmonary fibrosis, which showed the trial did not meet its primary endpoint. The company plans to discontinue development of GB0139.
Also Check This Out: Top 5 Tech And Telecom Stocks You May Want To Dump In August
Commodities
In commodity news, oil traded down 1% to $81.66 while gold traded down 0.5% at $1,934.70.
Silver traded down 1% to $22.48 on Tuesday while copper fell 1.5% to $3.6705.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 1%, London’s FTSE 100 fell 1.4% while Spain’s IBEX 35 Index fell 1.2% The German DAX fell 1.1% French CAC 40 fell 1.3%
The ZEW Indicator of Economic Sentiment for Germany rose to -12.3 in August from -14.7 in July.
The unemployment rate in the UK rose to 4.2% during the three months to June 2023, recording the highest level since late-2021. Average weekly earnings, including bonuses in the UK, increased by 8.2% year-over-year to GBP 663/week in the three months to June. Labor productivity in the UK rose 0.7% on quarter in the three months to June.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.56%, China’s Shanghai Composite Index falling 0.07% and Hong Kong’s Hang Seng Index falling 1.03%. India’s S&P BSE Sensex, meanwhile, rose 0.12%.
The People’s Bank of China cut the one-year medium-term lending facility rates by 15 bps on August 15th. China's retail sales rose by 2.5% year-over-year in July, slowing from a 3.1% increase in the previous month. The country’s industrial production rose 3.7% year-over-year in July, slowing from a 4.4% growth in June
Industrial production in Japan rose by 2.4 percent month-over-month in June. The Japanese economy expanded by 6.0% on an annualized basis in the second quarter, higher than the revised 3.7% growth in the previous period.
Economics
Retail sales in the U.S. rose 0.7% month-over-month in July, beating market expectations for a 0.4% growth.
Export prices in the U.S. rose 0.7 percent month-over-month in July, while import prices increased 0.4% month-over-month in July.
The NY Empire State Manufacturing Index fell to -19 in August from 1.1 in July, and down from market estimates of -1.
Now Read This: NVIDIA To Rally More Than 23%? Here Are 10 Other Analyst Forecasts For Tuesday
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,736,010 cases with around 1,172,110 deaths. India confirmed a total of at least 44,996,310 cases and 531,920 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 693,580,690 cases of COVID-19 worldwide with more than 6,907,930 deaths.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.