Dow Gains Over 100 Points; US Job Openings Increase In April

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Tuesday.

The Dow traded up 0.35% to 42,453.89 while the NASDAQ rose 0.81% to 19,397.81. The S&P 500 also rose, gaining, 0.50% to 5,965.62.

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Leading and Lagging Sectors

Information technology shares jumped by 1.3% on Tuesday.

In trading on Tuesday, consumer staples stocks fell by 0.8%.

Top Headline

U.S. job openings increased by 191,000 to 7.391 million in April, compared to market expectations of 7.10 million.

Equities Trading UP
           

• Credo Technology Group Holding Ltd CRDO shares shot up 25% to $78.32 following upbeat quarterly results.
• Shares of Ribbon Communications Inc. RBBN got a boost, surging 13% to $3.9550 after the company announced a $50 million stock repurchase program.
• Traws Pharma, Inc. TRAW shares were also up, gaining 42% to $2.01 after the company published key clinical efficacy data regarding its Rigosertib oncology asset.

Equities Trading DOWN

• Trevi Therapeutics, Inc TRVI shares dropped 8% to $5.81 after the company launched a $100 million public offering.
• Shares of United Natural Foods, Inc. UNFI were down 8% to $28.94. United Natural Foods will release financial results for its 13-week fiscal 2025 third quarter on June 10.
• Safe and Green Development Corporation SGD was down, falling 17% to $0.9994. Safe and Green Development announced it has completed its acquisition of Resource Group US Holdings LLC.

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Commodities

In commodity news, oil traded up 2.1% to $63.80 while gold traded down 0.8% at $3,370.50.

Silver traded down 0.2% to $34.635 on Tuesday, while copper slipped 0.2% to $4.8485.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 declined 0.10%, while Spain’s IBEX 35 Index fell 0.76%. London’s FTSE 100 rose 0.1%, Germany’s DAX 40 gained 0.28% and France’s CAC 40 fell 0.17% during the session.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan’s Nikkei falling 0.06%, Hong Kong’s Hang Seng Index jumping 1.53%, China’s Shanghai Composite gaining 0.43% and India’s BSE Sensex declining 0.78%.

Economics

• U.S. job openings increased by 191,000 to 7.391 million in April, compared to market expectations of 7.10 million.
• The U.S. Logistics Manager’s Index climbed to 59.4 in May from 58.8 in April.
• New orders for U.S. manufactured goods declined 3.7% month-over-month to $594.6 billion in April compared to a 3.4% gain in March.
• The RealClearMarkets/TIPP Economic Optimism Index rose to 49.2 in June compared to 47.9 in the previous month. T

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