U.S. stocks traded lower this morning, with the Dow Jones index falling around 200 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.45% to 46,460.40 while the NASDAQ fell 0.59% to 21,867.13. The S&P 500 also fell, dropping, 0.44% to 6,582.86.
Leading and Lagging Sectors
Energy shares climbed by 1% on Tuesday.
In trading on Tuesday, consumer discretionary stocks fell by 1.1%.
Top Headline
U.S. durable-goods orders declined by 1.4% month-over-month to $315.5 billion in February, following a revised 0.5% fall in the previous month, recording the third consecutive decline in orders.
Equities Trading UP
- Huachen AI Parking Mgmt Tech Hldg Co Ltd (NASDAQ:HCAI) shares shot up 181% to $0.40 after the company disclosed a regulatory update tied to its Nasdaq listing compliance.
- Shares of Ridgetech Inc (NASDAQ:RDGT) got a boost, surging 118% to $0.040. Ridgetech recently announced a 1-for-150 reverse stock split.
- Cemtrex Inc (NASDAQ:CETX) shares were also up, gaining 100% to $1.59 after the company announced that its subsidiary, Invocon, was selected as an apparently successful offeror for a Phase I Small Business Innovation Research contract with the Naval Sea Systems Command.
Equities Trading DOWN
- Focus Universal Inc (NASDAQ:FCUV) shares dropped 33% to $3.83.
- Shares of Profusa Inc (NASDAQ:PFSA) were down 26% to $1.37. Shares of Profusa surged 144% on Monday after the company announced it will acquire the PanOmics multi-omics diagnostics platform from BioInsights LLC for approximately $30 million in stock.
- SMX (Security Matters) PLC (NASDAQ:SMX) was down, falling 25% to $9.74. SMX shares gained on Monday after the company announced the launch of its Digital Material Passport Platform, a system made for the identification, tracking, and tokenization of real-world assets across global supply chains.
Commodities
In commodity news, oil traded up 2.6% to $115.29 while gold traded down 0.2% at $4,674.90.
Silver traded down 1.3% to $71.905 on Tuesday, while copper fell 0.2% to $5.5915.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index rose 0.3%. London’s FTSE 100 fell 0.3%, Germany’s DAX fell 0.2% and France’s CAC 40 rose 0.2% during the session.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan’s Nikkei 225 gaining 0.03%, China’s Shanghai Composite gaining 0.26% and India’s BSE Sensex gaining 0.69%.
Economics
- U.S. durable-goods orders declined by 1.4% month-over-month to $315.5 billion in February, following a revised 0.5% fall in the previous month, recording the third consecutive decline in orders.
- U.S. private employers created an average of 26,000 jobs per week during the four weeks ending March 21, compared to the 15,250 weekly jobs added in the prior period.
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