U.S. stocks traded lower midway through trading, with Dow Jones dropping over 300 points on Tuesday.
The Dow traded down 0.96% to 33,969.42 while the NASDAQ fell 0.74% to 13,588.13. The S&P 500, also fell, dropping, 0.80% to 4,374.24.
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Leading and Lagging Sectors
Consumer staples shares fell by just 0.2% on Tuesday. Meanwhile, top gainers in the sector included MamaMancini's Holdings, Inc. (NASDAQ: MMMB), up 4%, and Forafric Global PLC (NASDAQ: AFRI), up 6%.
In trading on Tuesday, energy shares dipped by 2.5%.
Top Headline
Housing starts in the US surged 21.7% month-over-month to an annualized rate of 1.631 million in May. Building permits rose by 5.2% to an annual rate of 1.491 million in May.
Equities Trading UP
DICE Therapeutics, Inc. (NASDAQ: DICE) shares shot up 37% to $46.45 after Eli Lilly agreed to acquire the company for $48 per share in cash.
Shares of VCI Global Limited (NASDAQ: VCIG) got a boost, shooting 79% to $5.07 after the company announced it has been appointed by Cogia GmbH to distribute its AI-based "Socializer Messenger".
BranchOut Food Inc. (NASDAQ: BOF) shares were also up, gaining 22% to $5.40 after the company announced ...
Benzinga