Major U. S. stock indexes paused after a high innovation and closed slightly lower. JOLTS job openings hit a two-year high as economic data continued to support the outlook for a better recovery and Treasury yields continued to fall. But some leading technology stocks such as Google fell, dragging down the Nasdaq and S & P, while the Dow fell under the influence of drugstore giants such as Walgreens and Boeing.
Although most blue-chip technology stocks fell, Tesla and three Zhongli New Energy vehicle stocks rose against the market, while VIPSHOP and other Credit Suisse recently reported a big rebound in the three Archegos stocks that suffered from the recent sell-off. The hot market generally outperformed the market, and the new shares rose more than 1000% in the science and technology market, with the most outstanding performance.
Among commodities, crude oil, which fell sharply on Monday, rebounded. Market-focused talks on the Iran nuclear deal appear to have made little progress, and the threat of a surge in Iranian crude oil exports has been suspended. Talks aimed at reviving the agreement on Tuesday are scheduled to resume on Friday. Iran called Tuesday's talks "constructive" but insisted that the United States first lift all sanctions, believing that real progress could be made.
Thanks in part to a further decline in the dollar index, precious metals such as gold rose, while industrial metals led by copper also rose.
In the European market, led by mining and tourism stocks, the pan-European stock index hit an all-time high, German stocks hit a new high, and Credit Suisse European stocks fell slightly.
Dow Standard & Poor's fell off record high VIPSHOP and other Archegos stocks sold by Credit Suisse rebounded strongly. Lian Dai Technology rose more than 800%.
The three major US stock indexes collectively opened lower, with mixed performance in intraday trading. The S & P 500 index and the Nasdaq composite index, which fell slightly at the beginning of the session, rose slightly, refreshing their daily highs near midday, up more than 0.5%. At the end of early trading, the S & P hit a new intraday high for the fourth day in a row, up 0.2% on the day, and fell again in midday. The Dow Jones Industrial average fell nearly 90 points when it broke its session low at the start of the session. It had a short-term rise in early trading, but fell for most of the day.
In late trading, the collective decline of the three major stock indexes refreshed their daily lows, with the S & P and the Nasdaq falling nearly 0.24% and more than 0.2% respectively, with the Dow down nearly 150 points on the day.
In the end, the three major indexes closed down, and the S & P and Nasdaq ended three days of gains in a row. The Dow closed down 96.95 points, or 0.29%, at 33430.24, ending two days of gains and falling to Monday's closing high. S & P closed down 0.1% at 4073.94, closing at a record high for the second day in a row on Monday. The Nasdaq closed down 0.05% at 13698.38, off Monday's highest close since Feb. 19.
The Russell 2000 small-cap stock index, which is dominated by value stocks, fell at midday to close down 0.25%, falling to its highest level since march 22 set on Monday, more than the s & p and Nasdaq. The technology-heavy Nasdaq 100 index closed down 0.14%.
Five of the 11 sectors of the S & P 500 closed lower on Tuesday, led by information technology, which fell nearly 0.4 per cent, health care fell more than 0.3 per cent, industrial and energy fell more than 0.2 per cent, and finance fell about 0.1 per cent. In the rising sector, public utilities, which rose more than 0.5 per cent, took the lead, with both essential and non-essential consumer goods rising more than 0.3 per cent, with telecom services up less than 0.1 per cent at the bottom of the increase. Overall, energy performed worst in the first two days of the week, while consumer discretionary goods performed best.
Among Dow stocks, Walgreens fell nearly 2%, commercial health insurance giants United Health, Intel, Boeing, Caterpillar and IBM fell more than 1%, the only energy stock Chevron continued to fall, closing down nearly 0.9%, while Nike and McDonald's rose more than 1%.
Most leading technology stocks fell. Of the FAANMG's six largest technology stocks, only Apple, which rose more than 0.2 per cent, and Netflix, which rose 0.7 per cent, closed higher, Facebook fell nearly 0.9 per cent, Microsoft fell nearly 0.5 per cent, Google parent Alphabet fell more than 0.4 per cent, and Amazon closed less than 0.1 per cent lower. Tesla fell 1.4% at the beginning of the day, fell more than once after rising in early trading, rose in midday, and closed up less than 0.1%.
Among the technology stocks, chip stocks fell sharply. The Philadelphia semiconductor index fell more than 1%, and the CYBE AMKR fell more than 3%, while applied materials, KLAC, MKSI, ASML, and microchip technology fell more than 2%, but AMKR rose about 4%.
The favorites outperformed the market, with ETF KWEB and CQQQ up more than 2 per cent and 1 per cent respectively. Among the stocks, mobile phone maker intergeneration technology (UTME) opened at $11 on its first day of trading in the u. S.on Tuesday, up 175% from its offering price, rising to $46 when it broke its intraday high, up as much as 1050% on the day, and finally closed at $39, up 875%.
Like Tesla, the shares of three general electric vehicles are up, ideal car and Xiaopeng car are up more than 2%, and Xilai car is up more than 1%. In other general terms, who to learn from is up about 14%, iqiyi is up about 10%, Tuniu and Tiger Securities is up more than 8%, Tencent Music is up more than 6%, VIPSHOP is up more than 5%, Alibaba is up more than 2%, Baidu is up nearly 2%, Tencent ADR and JD.com are up more than 1%, Kaixin Motor is down about 5%, Wunong.com is down about 10%, and Yibang International is down about 13%.
In Europe, the pan-European stock index closed higher on the fourth day of the last five sessions, led by mining and tourism stocks, and the German stock index closed at a record high on the fifth day of the last six sessions. Among stocks, credit suisse, which fell more than 18 per cent last week, eased its decline on Tuesday, closing down nearly 0.4 per cent, although it lost 4.4 billion Swiss francs and was forced to suspend share buybacks and cut dividends as a result of the Archegos explosion.
The yield on 10-year Treasuries fell to a low in more than a week.
Unlike Monday's intraday decline, the yield on the benchmark 10-year Treasury note remained down throughout the day on Tuesday, with stocks falling below 1.66 per cent in midday trading to refresh their session lows, returning to levels last Friday, March 26, and down more than 4 basis points during the day.
By the close of US stocks, the yield on 10-year Treasuries was about 1.65 per cent, down 5 basis points on the day; the yield on 30-year bonds was 2.32 per cent, down 3 basis points on the day; and the yield on 2-year bonds fell 1 basis point to 0.16 per cent on the day.
Among all maturity Treasuries, the price of medium-term Treasuries continued to lead the rise, with yields on 5-year Treasuries leading the decline. By late Tuesday in new York, the yield on five-year treasury bonds had fallen nearly 5 basis points to 0.8721%, down more than 10 basis points from the close of Friday's u.s. non-farm payrolls report.
European government bonds showed mixed performance on Tuesday, with gilts closing flat, German bond prices falling and yields rebounding. The yield on UK benchmark 10-year government bonds was about 0.79 per cent, roughly the same as last Thursday, while the yield on German bunds rose 1 basis point to minus 0.32 per cent during the same period.
Crude oil rose more than 3% in intraday trading, but failed to recover $60 from the trough of nearly two weeks.
International crude oil futures, which fell sharply on Monday, rebounded on Tuesday. Us WTI crude oil rose to a record high of US $60.90 in early trading, up more than 3.8% during the day. Brent crude approached US $64.30 when US stocks broke new highs in early trading and rose more than 3.4% during the day, and then gradually gave up more than half of their gains. Us oil and cloth oil returned to below $60 and $63 respectively.
WTI may crude oil futures closed up 68 cents, or 1.16 percent, at $59.33 a barrel, while Brent June crude oil futures closed up 59 cents, or 0.95 percent, at $62.74 a barrel, emerging from the lows set on Monday since March 23 and March 25, respectively, and closed down more than 4 percent on Monday, the biggest closing decline since March 23.
The dollar index hit a two-week low. At one point, Bitcoin fell more than $2000 to hit a new high in Tai Fong.
The ICE dollar index (DXY), which tracks a basket of the dollar's six major currencies, was close to 92.80 new day highs in European stocks, up 0.2% during the day. Us stocks fell all the way down before and after falling. Us stocks approached 92.30 in midday trading, the lowest since March 23, and fell about 0.3% on the day. At one point, US stocks fell below 92.28 and fell more than 0.3% during the day.
By Tuesday's close, the dollar index was just above 92.30, down more than 0.3% on the day and down for two days in a row, while the Bloomberg spot index fell 0.2% to a two-week low.
Most of the mainstream cryptocurrencies, with the exception of Bitcoin, continued to rise on Tuesday. At one point, Bitcoin (BTC) fell below $57300 in early trading in the US, more than $2200 below its intraday high in early trading in Asia, and US stocks closed above $58400 and have fallen more than 1 per cent in the last 24 hours.
(ETH), the second-largest cryptocurrency by market capitalization after Bitcoin, rose above $2150 in early trading in Asia, breaking the intraday high set on Friday, but has since fallen back, with the US falling below $2050 in early trading, down more than 5 per cent from its intraday high, up $2100 in midday trading, and US stocks closed above $2100, up nearly 0.5 per cent in 24 hours.
Lun copper achieved its biggest gain in more than six weeks and a two-week high in gold. Four consecutive days of gold hit the longest straight rise in nearly two months and a new high in more than five weeks.
London base metals futures rose collectively on the first trading day of the week on Tuesday, led by a percentage increase of nearly 3 per cent. Recent positive data on non-farm payrolls and services in the US, coupled with the risk of supply disruptions in Chile, led to a third straight day of gains, the biggest one-day gain in more than six weeks and a return to the $9000 mark for the first time in two weeks. Aluminum and nickel also rose for three days in a row, hitting one-week and one-month highs respectively. Lun lead, Lunzn Zinc and Lunxi rebounded, while Lunxi hit a two-week high.
New York gold futures rose for the fourth day in a row. COMEX June gold futures closed up 0.8% at $1743.00 an ounce, the highest close for major contracts since Feb. 25 and the longest straight rally since Feb. 10. Platinum also rose for four days in a row, just ending the rebound of silver futures in New York, which has risen for two days in a row.
