US stocks traded lower towards the end of trade, with the Dow Jones down 400 points on Tuesday.
The Dow fell 1.3% to 30,620 while the NASDAQ fell 1.05% to 11,414.46. The S&P 500 was also down 1.29% to 3,849.76.
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Leading and lagging sectors
Energy stocks fell just 0.9% on Tuesday. Meanwhile top winner in the sector included DMC Global Inc. BOOMup to 7% and PBF Energy Inc. PBF increased by 5%.
In Tuesday trading, real estate stocks fell 3%.
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US housing starts rose 12.2% mom to an annualized rate of 1.575 million units in August in August, while building permits fell 10% to an annualized rate of 1.517 million units in August.
Stock trading UP
- Renovacor, Inc. 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 VRAX received a boost, surging 36% to $3.3702 after the company announced distribution of a rapid monkeypox virus antigen test kit launched in markets accepting the CE mark, such as China. B. in the European Union.
- TRxADE HEALTH, Inc. MEDICATIONS Shares were also higher, gaining 18% to $1.2573 after the company announced that Bonum Health, a subsidiary, has signed a telemedicine distribution agreement with Wakefern Food to provide telemedicine services to all ShopRite-run pharmacies Provide locations in New Jersey, New York, Pennsylvania, Connecticut and Maryland.
Stocks are trading down
- Ford Motor Company f Shares fell 12% to $13.13 after the company forecast the impact of parts shortages on the company in the third quarter and said inflation-related supplier costs will be about $1.0 billion higher than originally expected in the third quarter. The company expects to have approximately 40,000 to 45,000 vehicles in inventory by the end of the third quarter that are currently missing certain parts, briefly…
