Dow Dips Over 400 Points; ISM Manufacturing PMI Falls In March

Author: Avi Kapoor | April 01, 2025 10:22am

U.S. stocks traded lower this morning, with the Dow Jones falling more than 400 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 1.03% to 41,570.89 while the NASDAQ fell 0.61% to 17,194.54. The S&P 500 also fell, dropping, 0.76% to 5,569.16.

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Leading and Lagging Sectors

Consumer staples shares fell by just 0.1% on Tuesday.

In trading on Tuesday, health care shares tumbled by 1.2%.

Top Headline

The ISM manufacturing PMI declined to 49 in March compared to a reading of 50.3 in February, and also missing market estimates of 49.5.

Equities Trading UP
                       

• bioAffinity Technologies, Inc. (NASDAQ:BIAF) shares shot up 225% to $0.8588 following a year-over-year increase in FY24 financial results.
• Shares of ReShape Lifesciences Inc. (NASDAQ:RSLS)got a boost, surging 166% to $0.9600 after falling around 7% on Monday.
• Newsmax, Inc. (NYSE:NMAX) shares were also up, gaining 119% to $183.05 after jumping 735% on Monday.

Equities Trading DOWN

• Aptose Biosciences Inc.  (NASDAQ:APTO) shares dropped 53% to $1.4980 after the company announced it is going to delist from the Nasdaq.
• Shares of Cambium Networks Corporation (NASDAQ:CMBM) were down 53% to $0.3322 after the company announced that it will delay Form 10-K filing for fiscal year 2024.
• Open Lending Corporation (NASDAQ:LPRO) was down, falling 39% to $1.6950 after the company announced weak quarterly results.

Commodities

In commodity news, oil traded down 0.2% to $71.32 while gold traded up 0.4% at $3,163.90.

Silver traded up 0.5% to $34.77 on Tuesday, while copper rose 0.6% to $5.0645.

Euro zone

European shares were higher today. The eurozone's STOXX 600 jumped 1.1%, Germany's DAX 40 rose 1.3% and France's CAC 40 climbed 0.9%. Spain's IBEX 35 Index climbed 1%, while London's FTSE 100 rose 0.8%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.02%, China's Shanghai Composite Index gaining 0.38%, Hong Kong's Hang Seng Index rising 0.38% and India's BSE Sensex dipping 1.80%.

Economics

• The S&P Global US manufacturing PMI came in at 50.2 for March, versus the preliminary reading of 49.8.
• The ISM manufacturing PMI declined to 49 in March compared to a reading of 50.3 in February, and also missing market estimates of 49.5.
• U.S. construction spending increased 0.7% month-over-month in February following a revised 0.5% fall in January.
• The number of job openings fell by 194,000 to 7.568 million in February compared to a revised 7.762 million in the previous month.

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Posted In: APTO BIAF CMBM LPRO NMAX RSLS