U.S. stocks traded lower this morning, with the Dow Jones index falling more than 50 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.16% to 42,448.43 while the NASDAQ fell 0.35% to 19,633.04. The S&P 500 also fell, dropping, 0.23% to 6,019.32.

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Leading and Lagging Sectors

Energy shares jumped by 1.4% on Tuesday.

In trading on Tuesday, health care stocks fell by 0.8%.

Top Headline

U.S. retail sales fell 0.9% month-over-month in May compared to a revised 0.1% decline in April and versus market estimates of a 0.7% fall.

Equities Trading UP

Processa Pharmaceuticals, Inc. ( PCSA ) shares shot up 220% to $0.7219 after the company signed a binding term sheet granting Intact Therapeutics an exclusive option to license PCS12852 for gastroparesis.

Shares of Acurx Pharmaceuticals, Inc. ( ACXP ) got a boost, surging 160% to $0.7990 after the company announced publication of its Phase 2 ibezapolstat study results in The Lancet.

CERo Therapeutics Holdings, Inc. ( CERO ) shares were also up, gaining 135% to $16.20 after the company received FDA Orphan Drug Designation for CER-1236 for the treatment of acute myeloid leukemia.

Equities Trading DOWN

Stardust Power Inc. ( SDST ) shares dropped 56% to $0.1706 after the company announced the pricing of a $4.3 million public offering of 21.5 million shares at $0.20 per share.

Shares of Sunrun Inc. ( RUN ) were down 43% to $5.50 after GLJ Research downgraded the stock from Hold to Sell. Keybanc analyst Sophie Karp also downgraded Sunrun ( RUN ) from Sector Weight to Underweight.

Solaredge Technologies Inc ( SEDG ) was down, falling 39% to $14.62 after GLJ Research downgraded the stock from Hold to Sell. Keybanc analyst Sophie Karp downgraded the stock from Sector Weight to Underweight.

Commodities

In commodity news, oil traded up 2.1% to $73.30 while gold traded down 0.4% at $3,405.00.

Silver traded up 2% to $37.160 on Tuesday, while copper fell 0.7% to $4.8025.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 0.8%, while Spain's IBEX 35 Index dipped 1.2%. London's FTSE 100 fell 0.5%, Germany's DAX 40 declined 0.8% and France's CAC 40 fell 0.7% during the session.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei gaining 0.59%, Hong Kong's Hang Seng Index falling 0.34%, China's Shanghai Composite falling 0.04% and India's BSE Sensex falling 0.26%.

Economics

U.S. retail sales fell 0.9% month-over-month in May compared to a revised 0.1% decline in April and versus market estimates of a 0.7% fall.

U.S. import prices came in unchanged from the previous month in May, while export prices declined 0.9% month-over-month in May.

U.S. industrial production declined 0.2% in May, versus market estimates of a 0.1% gain.

The NAHB/Wells Fargo Housing Market Index declined two points to 32 for June, recording the lowest reading since December 2022.

U.S. business inventories came in flat month-over-month in April following a 0.1% gain in the previous month.

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