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Toward the end of trading Tuesday, the Dow traded down 1.09% to 33,706 while the NASDAQ fell 1.30% to 13,733.94. The S&P also fell, dropping 0.97% to 4,122.80.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 31,738,700 cases with around 567,720 deaths. India confirmed a total of at least 15,320,970 cases and 180,530 deaths, while Brazil reported over 13,973,690 COVID-19 cases with 374,680 deaths. In total, there were at least 142,142,960 cases of COVID-19 worldwide with more than 3,031,230 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Utilities shares rose 1.4% on Tuesday. Meanwhile, top gainers in the sector included Companhia Energética de Minas Gerais CIG 3.92%, up 5%, and Atlantica Sustainable Infrastructure plc AY 2.25%, up 3%.
In trading on Tuesday, energy shares fell 2.7%.
Top Headline
The Procter & Gamble Company PG 0.38% reported stronger-than-expected results for its third quarter.
P&G reported quarterly earnings of $1.26 per share, beating analysts’ estimates of $1.19 per share. The company’s quarterly sales came in at $18.10 billion, versus expectations of $17.92 billion.
P&G maintained its FY21 core EPS guidance of $5.12, versus analysts’ estimates of $5.67.
Equities Trading UP
CRISPR Therapeutics AG CRSP 6.33% shares shot up 6% to $122.19 after the company amended its agreement with Vertex Pharmaceuticals for the collaboration, development, manufacturing, and commercialization of its CT001 in sickle cell disease and beta-thalassemia.
Shares of Nano Dimension Ltd. NNDM 8.37% got a boost, shooting 11% to $7.39 after the company agreed to acquire DeepCube Ltd, a world leader in Machine Learning/Deep Learning (ML/DL) technology..
Kansas City Southern KSU 16.3% shares were also up, gaining 16% to $298.48 after Canadian National confirmed its proposal to acquire the company for $325 per share.
Check out these big movers of the day
Equities Trading DOWN
Syndax Pharmaceuticals, Inc. SNDX 28.61% shares tumbled 28% to $13.99. Syndax announced updated positive data from the Phase 1 dose-escalation portion of the Phase 1/2 study of SNDX-5613 in patients with genetically-defined leukemia.
Shares of Troika Media Group, Inc. NASDAQTRKA were down 21% to $3.2701 after the company priced its IPO at $4.15 per share.
Futu Holdings Limited FUTU 24.1% was down, falling 22% to $137.99 after the company announced a 9.5 million ADS offering.
Commodities
In commodity news, oil traded down 1.4% to $62.50, while gold traded up 0.4% to $1,778.40.
Silver traded up 0.1% Tuesday to $25.845 while copper fell 0.6% to $4.2110.
Euro zone
European shares closed lower today. The eurozone’s STOXX 600 fell 1.9%, the Spanish Ibex Index fell 2.89% and the German DAX 30 dropped 1.55%. Meanwhile, the French CAC 40 fell 2.09% London’s FTSE 100 fell 2% and Italy’s FTSE MIB fell 2.44%.
Germany's producer prices rose 3.7% year-over-year in March. The UK’s unemployment rate dropped to 4.9% in the three months to February.
Economics
The Johnson Redbook Retail Sales Index rose 13.4% year-over-year during the first two weeks of April.
Benzinga does not provide investment advice. All rights reserved.
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