U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling over 150 points on Tuesday.
The Dow traded up 1.03% to 44,549.24 while the NASDAQ declined 0.76% to 20,215.20. The S&P 500 also fell, dropping, 0.12% to 6,197.21.
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Leading and Lagging Sectors
Health care shares jumped by 1.5% on Tuesday.
In trading on Tuesday, information technology stocks fell by 1%.
Top Headline
The ISM manufacturing PMI rose to 49 in June versus 48.5 in the previous month, compared to market estimates of 48.8.
Equities Trading UP
- Atai Life Sciences N.V. (NASDAQ:ATAI) shares shot up 19% to $2.6048 after the company announced it raised $50 million via a private placement.
- Shares of Wolfspeed, Inc. (NYSE:WOLF) got a boost, surging 116% to $0.8596 after the company initiated its pre-packaged restructuring process.
- ClearOne, Inc. (NASDAQ:CLRO) shares were also up, gaining 106% to $12.08. The company announced it will issue a one-time special stock dividend on July 18.
Equities Trading DOWN
- Oragenics, Inc. (NYSE:OGEN) shares dropped 57% to $1.6394 after the company announced a $20 million public offering of preferred stock and warrants.
- Shares of Sonim Technologies, Inc (NASDAQ:SONM) were down 47% to $0.6500 after the company announced the pricing of a $5.55 million offering of 7,400,000 shares at $0.75 per share.
- Aeva Technologies, Inc. (NASDAQ:AEVA) was down, falling 27% to $27.77.
Commodities
In commodity news, oil traded up 0.7% to $65.57 while gold traded up 1.4% at $3,353.90.
Silver traded up 0.8% to $36.475 on Tuesday, while copper rose 0.5% to $5.1065.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.21%, while Spain's IBEX 35 Index fell 0.03%. London's FTSE 100 rose 0.28%, Germany's DAX 40 declined 0.99% and France's CAC 40 slipped 0.04% during the session.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei dipping 1.24%, China's Shanghai Composite gaining 0.39% and India's BSE Sensex gaining 0.11%.
Economics
- The S&P Global manufacturing PMI climbed to 52.9 in June compared to 52 in the previous month, and initial market estimates of 51.
- The number of job quits increased by 78,000 to 3.293 million in May compared to the revised 3.215 million in the previous month.
- The number of job openings climbed by 374,000 to 7.769 million in May.
- The ISM manufacturing PMI rose to 49 in June versus 48.5 in the previous month, compared to market estimates of 48.8.
- The RealClearMarkets/TIPP Economic Optimism Index fell to 48.6 in July compared to 49.2 in the previous month.
- U.S. construction spending declined by 0.3% month-over-month to an annual rate of $2,138 billion in May.
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