Stocks and Commodities Update

  • U.S. markets finished mixed on Tuesday
  • AppLovin led the gains while Summit Therapeutics lagged
  • NASDAQ Composite Index added 0.20%
  • S&P 500 Index added 0.03%
  • Dow fell 0.04%
  • Russell 2000 Index of small-cap stocks added 0.71%
  • Cboe Volatility Index up 3.44%
  • Summit Therapeutics Inc. (SMMT) declined 11.06%
  • Atlassian Corp. Cl A (TEAM) shares fell 5.65%
  • Accenture PLC Cl A (ACN) shares dropped 4.85%
  • AppLovin Corp. (APP) added 6.36%
  • Enphase Energy Inc. (ENPH) rose 6.31%
  • Hewlett Packard Enterprise Co. (HPE) gained 5.69%
  • Brent crude oil futures up 0.16%
  • Gold futures down 0.51%
  • Bitcoin fell 0.07% to $59,949
  • 10-Year Treasury yield rose to 3.647%
  • Japan’s NIKKEI 225 Index down 1.03%
  • China’s Shanghai Stock Exchange closed
  • STOXX Europe 600 Index added 0.40%
  • FTSE 100 Index gained 0.38%

The U.S. stock market experienced mixed results on Tuesday, with the NASDAQ Composite Index adding 0.20%, S&P 500 Index increasing by 0.03%, and Dow Jones Industrial Average falling 0.04%. The Russell 2000 Index of small-cap stocks rose 0.71%. AppLovin Corp. (APP) led the gains, adding 6.36%, while Summit Therapeutics Inc. (SMMT) was the biggest laggard with an 11.06% decline. Atlassian Corp. Cl A (TEAM) and Accenture PLC Cl A (ACN) also saw share price drops of 5.65% and 4.85%, respectively. Enphase Energy Inc. (ENPH) and Hewlett Packard Enterprise Co. (HPE) followed with gains of 6.31% and 5.69%. Brent crude oil futures increased by 0.16%, but gold futures fell 0.51%. Bitcoin dipped to $59,949. The 10-Year Treasury yield rose to 3.647%. In Asia, Japan’s NIKKEI 225 Index dropped 1.03% and China’s Shanghai Stock Exchange was closed. European indexes saw gains, with the STOXX Europe 600 Index rising 0.40% and FTSE 100 Index increasing by 0.38%.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about stock indexes, individual company performances, commodities, and international markets without any digressions or personal opinions.
Noise Level: 3
Noise Justification: The article provides a brief summary of stock market performance and commodities without any in-depth analysis or exploration of the underlying factors affecting these changes. It lacks context, scientific rigor, and actionable insights.
Public Companies: Summit Therapeutics Inc. (SMMT), Atlassian Corp. Cl A (TEAM), Accenture PLC Cl A (ACN), AppLovin Corp. (APP), Enphase Energy Inc. (ENPH), Hewlett Packard Enterprise Co. (HPE)
Key People:

Track all markets on TradingView

Financial Relevance: Yes
Financial Markets Impacted: U.S. stock indexes, NASDAQ Composite Index, S&P 500 Index, Dow, Russell 2000 Index, Cboe Volatility Index, Brent crude oil futures, gold futures, 10-Year Treasury yield, NIKKEI 225 Index, Shanghai Stock Exchange, STOXX Europe 600 Index, FTSE 100 Index
Financial Rating Justification: The article discusses the performance of various stock indexes, individual company stocks, commodities like oil and gold futures, and bond yields, which all pertain to financial topics and impact financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.
Move Size: 0.20%, 0.03%, -0.04%, 0.71%, 3.44%, 11.06%, 5.65%, 4.85%, 6.36%, 5.69%, 0.16%, 0.51%, 0.38%
Sector: Technology
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks, Commodities

Reported publicly: www.barrons.com