U.S. stocks traded lower this morning, with the Dow Jones falling more than 250 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.87% to 32,511.89 while the NASDAQ fell 0.47% to 12,311.33. The S&P also fell, dropping, 0.60% to 4,094.02.
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Leading and Lagging Sectors
Health care shares climbed 0.5% on Tuesday. Meanwhile, top gainers in the sector included Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM), up 28% and Nutex Health, Inc. (NASDAQ:NUTX) up 19%.
In trading on Tuesday, information technology shares fell 1.1%.
Top Headline
The number of job openings dropped by 605,000 from a month ago to 10.7 million in June, the lowest in nine months. However, analysts were expecting a reading of 11 million.
Equities Trading UP
AMTD IDEA Group (NYSE:AMTD) shares shot up 298% to $8.28 after jumping 18% on Monday. The company owns 90%+ of AMTD Digital.
Shares of Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) got a boost, shooting 28% to $16.02 as the company posted a narrower-than-expected Q2 loss.
L&F Acquisition Corp. (NASDAQ:LNFA) shares were also up, gaining 26% to $13.45.
Equities Trading DOWN
Mobile Global Esports Inc. (NASDAQ:MGAM) shares tumbled 36% to $8.31 after jumping 16% on Monday.
Shares of FAT Brands Inc. (NASDAQ:FATBB) were down 27% to $10.95. The company recently posted a Q2 net loss of $8.2 million or $0.50 per share.
DZS Inc. (NASDAQ:DZSI) was down, falling 22% to $15.21 after the company reported worse-than-expected Q2 results.
Commodities
In commodity news, oil traded up 0.2% to $94.06, while gold traded up 0.8% to $1,801.20.
Silver traded down 0.2% to $20.325 on Tuesday while copper fell 0.9% to $3.5110.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.4%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 Index rose 0.2%. The German DAX slipped 0.3%, French CAC 40 fell 0.3% and Italy’s FTSE MIB Index fell 0.6%.
The Nationwide House Price Index in the UK surged 11.0% year-over-year in July, higher than 10.7% in the previous month.
Economics
The number of job openings dropped by 605,000 from a month ago to 10.7 million in June, the lowest in nine months. However, analysts were expecting a reading of 11 million.
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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 93,225,110 cases with around 1,055,570 deaths. India confirmed a total of at least 44,050,000 cases and 526,430 deaths, while France reported over 33,866,820 COVID-19 cases with 152,170 deaths. In total, there were at least 583,309,090 cases of COVID-19 worldwide with more than 6,422,510 deaths.
