U.S. stocks traded mixed this morning, with the Dow Jones dropping around 50 points on Tuesday.
Following the market opening Tuesday, the $Dow Inc(DOW.US)$ traded down 0.17% to 33,004.98 while the $Nasdaq(NDAQ.US)$ fell 0.18% to 12,513.83. The $S&P 500 index(.SPX.US)$however, gained, 0.05% to 4,157.55.
Leading and Lagging Sectors
Energy shares climbed 1.4% on Tuesday. Meanwhile, top gainers in the sector included $Tetra Technologies(TTI.US)$, up 13% and $CVR Energy(CVI.US)$ up 12%.
In trading on Tuesday, consumer discretionary shares fell by 0.4%.
Top Headline
$Pfizer(PFE.US)$ posted upbeat results for its first quarter on Tuesday.
Pfizer posted quarterly adjusted earnings of $1.62 per share, exceeding analysts' estimates of $1.50 per share. The company's quarterly sales came in at $25.70 billion, versus expectations of $23.95 billion.
Pfizer revised its FY22 adjusted EPS guidance to $6.25-$6.45 to reflect $0.11 negative impact for accounting policy change. The company also sees sales of $98 billion to $102 billion.
Equities Trading UP
$SoundHound AI(SOUN.US)$ shares shot up 56% to $17.08. The company recently completed a SPAC merger deal last week and began trading on Thursday.
Shares of $Sonoma Pharmaceuticals(SNOA.US)$ got a boost, shooting 45% to $3.86 after the company and its partner MicroSafe Group DMCC received EPA approval for Nanocyn as a hospital-grade disinfectant.
$Enovix(ENVX.US)$ shares were also up, gaining 30% to $11.65. Enovix announced initial smartwatch battery order from a leading global consumer electronics company.
Equities Trading DOWN
$Spero Therapeutics(SPRO.US)$ shares tumbled 57% to $2.17. Spero Therapeutics will defer current commercialization activities for tebipenem HBr based on feedback from a recent Late Cycle Meeting (LCM) with the FDA.
Shares of $Chegg(CHGG.US)$ were down 30% to $17.36 after the company reported Q1 earnings results and issued Q2 and FY22 sales guidance below analyst estimates.
$Blackboxstocks(BLBX.US)$ was down, falling 29% to $3.2901. Blackboxstocks completed its platform integration with E*TRADE Inc.
Commodities
In commodity news, oil traded down 0.4% to $104.71, while gold traded up 0.5% to $1,872.10.
Silver traded up 0.7% Tuesday to $22.745 while copper rose 1.2% to $4.3190.
Eurozone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.1%, London's FTSE 100 fell 0.3% and Spain's IBEX 35 Index rose 1.4%. The German DAX gained 0.1%, French CAC 40 gained 0.2% and Italy's FTSE MIB Index climbed 1.2%.
The unemployment rate in the Eurozone dropped to a record low of 6.8% in March from a revised 6.9% in February, while annual producer inflation rose to a record high of 36.8% in March from a revised 31.5 percent in February. UK's manufacturing PMI increased to 55.8 in April from a preliminary of 55.3, while the unemployment rate in Germany remained at 5%.
Economics
The Federal Open Market Committee will begin its two-day policy meeting today.
Factory orders rose 2.2% month-over-month to $557.3 billion in March.
The number of job openings increased by 205,000 from a month ago to a series high of 11.549 million in March.