U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.29% to 45,751.36 while the NASDAQ fell 0.01% to 22,349.18. The S&P 500 also fell, dropping, 0.05% to 6,612.17.
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Leading and Lagging Sectors
Energy shares jumped by 1.2% on Tuesday.
In trading on Tuesday, utilities stocks fell by 0.7%.
Top Headline
U.S. retail sales rose 0.6% month-over-month in August, the same versus the revised 0.6% gain in July and topping market expectations of a 0.2% gain.
Equities Trading UP
- Turbo Energy, S.A. (NASDAQ:TURB) shares shot up 534% to $17.73 after the company was selected for a $53 million contract to deploy energy storage projects in Spain with total capacity of 366 MWh.
- Shares of FGI Industries Ltd. (NASDAQ:FGI) got a boost, surging 113% to $8.46.
- Brera Holdings PLC (NASDAQ:BREA) shares were also up, gaining 109% to $14.30.
Equities Trading DOWN
- Bionano Genomics, Inc. (NASDAQ:BNGO) shares dropped 41% to $1.6292 after the company announced the pricing of $10 million public offering.
- Shares of GD Culture Group Limited (NASDAQ:GDC) were down 28% to $7.00. GD Culture entered into share exchange agreement to acquire Pallas Capital’s assets, including 7,500 Bitcoin, for 39,189,344 shares.
- Chijet Motor Company, Inc. (NASDAQ:CJET) was down, falling 26% to $0.0848.
Commodities
In commodity news, oil traded up 1.4% to $64.16 while gold traded up 0.5% at $3,737.00.
Silver traded up 0.7% to $43.240 on Tuesday, while copper fell 0.2% to $4.7105.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.8%, while Spain's IBEX 35 Index fell 1.1%. London's FTSE 100 fell 0.7%, Germany's DAX 40 dipped 1.2% and France's CAC 40 fell 0.7% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei gaining 0.30%, Hong Kong's Hang Seng falling 0.03%, China's Shanghai Composite rising 0.04% and India's BSE Sensex gaining 0.73%.
Economics
- U.S. business inventories increased by 0.2% month-over-month in July, in line with market estimates.
- The NAHB/Wells Fargo Housing Market Index came in steady at 32 in September, the same as in the previous month.
- U.S. industrial production rose 0.1% in August, following a 0.4% decline in the previous month and topping market expectations for a 0.1% decline.
- U.S. retail sales rose 0.6% month-over-month in August, the same versus the revised 0.6% gain in July and topping market expectations of a 0.2% gain.
- Export prices increased 0.3% month-over-month in August, while import prices rose by 0.3% in August.
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