Dow Dips Over 200 Points; US Industrial Production Increases More than Expected

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 0.56% to 41,608.14 while the NASDAQ dipped 1.49% to 17,542.81. The S&P 500 also fell, dropping, 0.92% to 5,622.68.

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Leading and Lagging Sectors

Energy shares jumped by 0.5% on Tuesday.

In trading on Tuesday, consumer discretionary shares fell by 2%.

Top Headline

U.S. industrial production increased by 0.7% in February, surpassing market estimates of 0.2%.

Equities Trading UP
                       

• Aditxt, Inc. (NASDAQ:ADTX) shares shot up 57% to $6.88 after the company announced it submitted an application for four new federal funding opportunities.
• Shares of Syros Pharmaceuticals, Inc. (NASDAQ:SYRS)got a boost, surging 57% to $0.1351. Syros Pharmaceuticals recently announced a voluntary delisting from the Nasdaq and SEC deregistration.
• Heidmar Maritime Holdings Corp. (NASDAQ:HMR) shares were also up, gaining 38% to $3.75.

Equities Trading DOWN

• Avenue Therapeutics, Inc. (NASDAQ:ATXI) shares dropped 46% to $0.4785.
• Shares of AirNet Technology Inc. (NASDAQ:ANTE) were down 44% to $0.9017. AirNet Technology recently announced the execution of a non-binding investment LOI with LLP STH Corp, a Kazakstan company.
• AGM Group Holdings Inc. (NASDAQ:AGMH) was down, falling 37% to $0.0669.

Commodities

In commodity news, oil traded up 0.5% to $67.94 while gold traded up 1.2% at $3,041.60.

Silver traded up 1.6% to $34.840 on Tuesday, while copper rose 0.7% to $4.9920.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.46%, Germany's DAX 40 jumped 0.63% and France's CAC 40 gained 0.43%. Spain's IBEX 35 Index rose 1.10%, while London's FTSE 100 rose 0.32%.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan's Nikkei gaining 1.20%, China's Shanghai Composite Index gaining 0.11%, Hong Kong's Hang Seng Index surging 2.46% and India's BSE Sensex gaining 1.53%.

Economics

• U.S. housing starts surged 11.2% month-over-month to an annualized rate of 1.501 million in February following a revised 1.35 million in January.
• Building permits declined by 1.2% to an annualized rate of 1.456 million in February.
• U.S. import prices increased by 0.4% in February, versus market estimates of a 0.1% decline.
• U.S. export prices rose by 0.1% month-over-month in February.
• U.S. industrial production increased by 0.7% in February, surpassing market estimates of 0.2%.

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