Oil Down 1%
Crude oil prices fall over 1% as US manufacturing PMI surges in June
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 500 points on Tuesday.
The Dow traded down 0.04% to 51,694.44 while the NASDAQ fell 1.91% to 25,665.85.
The S&P 500 also fell, dropping, 1.27% to 7,377.89.
Leading and Lagging Sectors Consumer staples shares jumped by 1.4% on Tuesday.
In trading on Tuesday, information technology stocks fell by 2.3%.
Top Headline The S&P Global manufacturing PMI rose to 55.7 in June from 55.1 in May, topping market estimates of 54.8 and recording its highest reading since May 2022.
Equities Trading UP Atlantic International Corp (NASDAQ: ATLN ) shares shot up 141% to $1.05 after the company announced that Seven Stars, a company within its Circle8 Group platform, secured an approximately $52 million four-year framework agreement by the Dutch Vehicle Authority.
Shares of Backblaze Inc (NASDAQ: BLZE ) got a boost, surging 30% to $10.52 after the company announced a five-year, $335 million multi-exabyte data storage agreement with CoreWeave Inc. (NASDAQ: CRWV ) .
Boundless Bio Inc ( NASDAQ: BOLD ) shares were also up, gaining 70% to $2.38.
Boundless Bio and Serapha Bio signed an all-stock merger agreement.
Equities Trading DOWN Nexentis Technologies Inc ( NASDAQ: NXTS ) shares dropped 51% to $6.34.
NXTS shares surged 155.91% during Monday’s regular trading session to close at $13.00.
Shares of Primoris Services Corp ( NYSE: PRIM ) were down 28% to $78.36 after the company announced the departure of COO Jeremy Kinch.
Also, the company cut its FY26 guidance.
Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR ) was down, falling 36% to $2.45.
Wheeler Real Estate Investment Trust filed prospectus for offering 100.09 million common shares.
Commodities In commodity news, oil traded down 1.4% to $72.83 while gold traded down 1.2% at $4,151.50.
Silver traded down 5% to $62.310 on Tuesday, while copper fell 3.1% to $6.1655.
Euro zone European shares were mostly lower today.
The eurozone’s STOXX 600 declined 0.6%, while Spain’s IBEX 35 Index fell 0.4%.
London’s FTSE 100 rose 0.1%, Germany’s DAX dipped 0.8%, while France’s CAC 40 fell 0.4%.
Asia Pacific Markets Asian markets closed lower on Tuesday, with Japan’s Nikkei 225 dipping 3.55%, Hong Kong’s Hang Seng Index falling 1.82%, China’s Shanghai Composite declining 1.37% and India’s BSE Sensex falling 1.16%.
Economics The S&P Global US services PMI climbed to 51.3 in June from 50.7 in the previous month, higher than market estimates of 51.
The S&P Global manufacturing PMI rose to 55.7 in June from 55.1 in May, topping market estimates of 54.8 and recording its highest reading since May 2022.
The S&P Global composite PMI surged to 52.2 in June from 51.5 in the prior month, recording the sharpest pace of growth since January.
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