U.S. stocks traded lower this morning, with the Dow Jones index falling more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.34% to 49,516.86 while the NASDAQ dipped 0.41% to 25,982.67. The S&P 500 also fell, dropping, 0.30% to 7,380.67.
Leading and Lagging Sectors
Health care shares jumped by 0.6% on Tuesday.
In trading on Tuesday, materials stocks fell by 1.8%.
Top Headline
The Home Depot Inc. (NYSE:HD) on Tuesday reported upbeat earnings for the first quarter on Tuesday.
The company posted first-quarter sales of $41.77 billion, up 4.8% year over year and above analyst estimates of $41.53 billion. Adjusted diluted EPS fell to $3.43 from $3.56 but beat analyst estimates of $3.41.
Equities Trading UP
- Amesite Inc (NASDAQ:AMST) shares shot up 175% to $2.16 after the company reported a year-over-year increase in third-quarter financial results.
- Shares of InMed Pharmaceuticals Inc (NASDAQ:INM) got a boost, surging 128% to $1.55 after the company announced a merger with Mentari Therapeutics.
- Meiwu Technology Co Ltd (NASDAQ:WNW) shares were also up, gaining 84% to $4.43.
Equities Trading DOWN
- Onconetix Inc (NASDAQ:ONCO) shares dropped 47% to $0.16 after the company announced a 1-for-10 reverse stock split.
- Shares of Work Medical Technology Group Ltd (NASDAQ:WOK) were down 37% to $0.24.
- Clearmind Medicine Inc (NASDAQ:CMND) was down, falling 33% to $0.25 after the company announced a 1-for-10 reverse share split.
Commodities
In commodity news, oil traded down 0.1% to $108.56 while gold traded down 1.4% at $4,492.70.
Silver traded down 3.8% to $74.505 on Tuesday, while copper fell 1.7% to $6.2085.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.3%, while Spain's IBEX 35 Index fell 0.3%. London's FTSE 100 gained 0.1%, Germany's DAX rose 0.7%, while France's CAC 40 rose 0.2%.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 0.44%, Hong Kong's Hang Seng Index gaining 0.48%, China's Shanghai Composite gaining 0.92% and India's BSE Sensex falling 0.15%
Economics
The ADP said US private employers added an average of 42,250 jobs per week during the four weeks ended May 2, compared to 33,000 in the previous period.
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