US Stocks Mixed; Home Prices Increase In March

Author: Avi Kapoor | May 28, 2024 10:05am

U.S. stocks traded mixed this morning, with the Dow Jones index falling around 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.25% to 38,970.85 while the NASDAQ rose 0.15% to 16,945.48. The S&P 500 also fell, dropping, 0.01% to 5,304.12.

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Leading and Lagging Sectors

Energy shares jumped by 1% on Tuesday.

In trading on Tuesday, health care shares fell by 0.9%.

Top Headline

The S&P CoreLogic Case-Shiller home price index rose by 7.4% year-over-year in March versus 7.3% in the previous month.

Equities Trading UP

Sharps Technology, Inc. (NASDAQ:STSS) shares shot up 274% to $0.7977.
Shares of Insmed Incorporated (NASDAQ:INSM) got a boost, surging 113% to $46.94.
Pineapple Energy Inc. (NASDAQ:PEGY) shares were also up, gaining 90% to $0.3392.

Equities Trading DOWN

Applied DNA Sciences, Inc. (NASDAQ:APDN) shares dropped 66% to $0.68 after the company reported the pricing of $12 million public offering.
Shares of Marpai, Inc. (NASDAQ:MRAI) were down 52% to $0.9293.
Innovative Eyewear, Inc. (NASDAQ:LUCY) was down, falling 44% to $0.5488.

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Commodities

In commodity news, oil traded up 1.4% to $78.78 while gold traded up 0.6% at $2,347.60.

Silver traded up 4.3% to $31.795 on Tuesday, while copper rose 1.5% to $4.8260.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.2%, Germany's DAX slipped 0.1% and France's CAC 40 declined 0.6%. Spain's IBEX 35 Index fell 0.1%, while London's FTSE 100 declined 0.3%.

German wholesale prices fell by 1.8% year-over-year in April compared to a revised 2.6% decline a month ago.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan's Nikkei falling 0.11%, China's Composite Index declining 0.46%, Hong Kong's Hang Seng Index falling 0.03% and India's S&P BSE Sensex falling 0.2%.

Producer prices in Malaysia rose by 1.9% year-over-year in April compared to a 1.6% increase in the earlier month.

Economics

The S&P CoreLogic Case-Shiller home price index rose by 7.4% year-over-year in March versus 7.3% in the previous month.
The FHFA house price index rose by 0.1% in March, compared to market expectations of a 0.5% gain.

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Posted In: APDN INSM LUCY MRAI PEGY STSS