Dow Dips 400 Points; Ford Shares Slide
U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping 400 points on Tuesday. The Dow traded down 1.3% to 30,620 while the NASDAQ fell 1.05% to 11,414.46. The SP 500 also fell, dropping, 1.29% to 3,849.76. Also check this: Volatility In Markets Declines Ahead Of Fed''s Policy Meeting Leading and Lagging Sectors Energy shares fell by just 0.9% on Tuesday. Meanwhile, top gainers in the sector included DMC Global Inc. (NASDAQ: BOOM ), up 7% and PBF Energy Inc. (NYSE: PBF ) up 5%. In trading on Tuesday, real estate shares dipped by 3%. Top Headline Housing starts in the US surged 12.2% month-over-month to an annualized rate of 1.575 million units in August, while building permits dipped 10% to an annualized rate of 1.517 million in August. Equities Trading UP Renovacor, Inc. (NYSE: RCOR ) shares shot up 13% to $2.14. Rocket Pharmaceuticals agreed to acquire Renovacor in an all-stock transaction for an implied value of approximately $2.60 per share. Shares of Virax Biolabs Group Limited (NASDAQ: VRAX ) got a boost, shooting 36% to $3.3702 after the company announced the distribution of a Monkeypox Virus Antigen Rapid Test Kits which has been launched in markets accepting the CE mark, such as the European Union.
Dow Dips 400 Points; Ford Shares Slide
U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping 400 points on Tuesday. The Dow traded down 1.3% to 30,620 while the NASDAQ fell 1.05% to 11,414.46. The SP 500 also fell, dropping, 1.29% to 3,849.76. Also check this: Volatility In Markets Declines Ahead Of Fed''s Policy Meeting Leading and Lagging Sectors Energy shares fell by just 0.9% on Tuesday. Meanwhile, top gainers in the sector included DMC Global Inc. (NASDAQ: BOOM ), up 7% and PBF Energy Inc. (NYSE: PBF ) up 5%. In trading on Tuesday, real estate shares dipped by 3%. Top Headline Housing starts in the US surged 12.2% month-over-month to an annualized rate of 1.575 million units in August, while building permits dipped 10% to an annualized rate of 1.517 million in August. Equities Trading UP Renovacor, Inc. (NYSE: RCOR ) shares shot up 13% to $2.14. Rocket Pharmaceuticals agreed to acquire Renovacor in an all-stock transaction for an implied value of approximately $2.60 per share. Shares of Virax Biolabs Group Limited (NASDAQ: VRAX ) got a boost, shooting 36% to $3.3702 after the company announced the distribution of a Monkeypox Virus Antigen Rapid Test Kits which has been launched in markets accepting the CE mark, such as the European Union.