AllMarket Update
logoArgusMay 04, 2021

Market Update: CAKE, CAT, DPZ, FISV, LLY, FBHS, NOW, TWTR

Sector(s)
Communication Services, Technology, Healthcare, Industrials, Consumer Cyclical
Summary

Stocks fell on Tuesday morning, led by a sharp drop in large Tech stocks. On the economic front, the Commerce Department said that U.S. factory orders rose 1.1% in March, up from a 0.5% decline in February but below the Reuters consensus forecast of 1.3% growth. The Commerce Department also reported that the U.S. trade deficit rose 5.6% to an all-time high of $74.4 billion in March on strong growth in imports. The Dow fell 0.9%, the S&P 1.3%, and the Nasdaq 2.5%. Crude oil traded near $65 per barrel, while gold rose slightly to $1794 per ounce.

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