US open: Dow claws back some of yesterday's losses

(Sharecast News) - Wall Street trading got off to a mixed start on Tuesday following some disappointing manufacturing data in the previous session. As of 1545 BST, the Dow Jones Industrial Average was up 0.17% at 38,636.07, while the S&P 500 lost 0.16% to 5,274.86 and the Nasdaq Composite came out the gate 0.23% softer at 16,790.42.

The Dow opened 65.04 points higher on Tuesday, reclaiming some of yesterday's losses.

Weak manufacturing data continued to remain in focus early on Tuesday as market participants wait to see if growth can carry on long enough as the Federal Reserve looks to see inflation decline further in order to make cuts to its base interest rate.

Also in focus, the yield on the benchmark ten-year Treasury note was down roughly three basis points at 4.360%, while its two-year counterpart was two-and-a-half basis points lower at 4.808%.

On the macro front, new orders for US manufactured goods rose by 0.7% month-on-month to $588.2bn in April, according to the Census Bureau, growing at an unchanged pace from the revised value in March, and marginally ahead of market expectations of a 0.7% increase. Durable goods orders expanded by 0.6%, while orders in nondurable goods industries rose by 0.8%.

Elsewhere, US companies advertised fewer positions still in April, a possible reflection of the ongoing cooldown in the demand for labour. According to the Department of Labor, in seasonally adjusted terms the number of job openings declined by 3.5% month-on-month to reach nearly 8.06m (consensus: 8.34m). On another note, the prior month's reading was revised lower from 8.488m to 8.355m. The number of so-called 'quits' increased by 2.9% month-on-month to reach 3.507m, but as a proportion of all separations, they were unchanged at 2.2%.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Walgreens Boots Alliance, Inc. (WBA) $16.09 1.10% Boeing Co. (BA) $186.18 0.87% Verizon Communications Inc. (VZ) $41.28 0.73% Coca-Cola Co. (KO) $63.38 0.72% Unitedhealth Group Inc. (UNH) $501.00 0.72% American Express Co. (AXP) $238.54 0.70% Amgen Inc. (AMGN) $309.52 0.68% Procter & Gamble Co. (PG) $165.69 0.63% Merck & Co. Inc. (MRK) $129.03 0.48% McDonald's Corp. (MCD) $260.89 0.44%

Dow Jones - Fallers

3M Co. (MMM) $98.30 -1.46% Chevron Corp. (CVX) $155.29 -1.38% Dow Chemical Co. (DOW) $55.44 -1.12% Caterpillar Inc. (CAT) $327.95 -1.03% Microsoft Corp. (MSFT) $411.32 -0.53% JP Morgan Chase & Co. (JPM) $200.92 -0.45% Intel Corp. (INTC) $30.16 -0.43% Walt Disney Co. (DIS) $102.41 -0.35% Travelers Company Inc. (TRV) $209.64 -0.33% Johnson & Johnson (JNJ) $147.45 -0.20%

S&P 500 - Risers

Carnival Corp. (CCL) $16.78 4.84% Norwegian Cruise Line Holdings Ltd (NCLH) $17.68 2.85% Leggett & Platt Inc. (LEG) $12.44 2.68% Extra Space Storage (EXR) $148.31 2.32% Royal Caribbean Cr (RCL) $154.35 2.24% Adobe Systems Inc. (ADBE) $448.05 2.06% Public Storage (PSA) $279.89 2.00% United Airlines Holdings Inc (UAL) $53.75 1.95% Southwest Airlines Co. (LUV) $28.22 1.90% American Airlines Group (AAL) $11.74 1.86%

S&P 500 - Fallers

Bath & Body Works, Inc. (BBWI) $46.98 -9.32% Freeport-McMoRan Inc (FCX) $49.67 -4.56% Newmont Corporation (NEM) $40.27 -3.87% Stanley Black & Decker Inc. (SWK) $84.01 -3.43% Advance Auto Parts (AAP) $65.29 -3.15% Gap Inc. (GPS) $28.12 -3.13% Harley-Davidson Inc. (HOG) $35.86 -2.92% FMC Corp. (FMC) $57.35 -2.67% Nucor Corp. (NUE) $162.38 -2.66% Eaton Corporation plc (ETN) $316.27 -2.52%

Nasdaq 100 - Risers

Biomarin Pharmaceutical Inc. (BMRN) $78.44 2.66% Adobe Systems Inc. (ADBE) $448.05 2.06% American Airlines Group (AAL) $11.74 1.86% T-Mobile Us, Inc. (TMUS) $176.26 1.84% Vodafone Group Plc ADS (VOD) $9.77 1.61% Gilead Sciences Inc. (GILD) $64.45 1.61% Liberty Global plc Series C (LBTYK) $17.34 1.49% Biogen Inc (BIIB) $232.79 1.30% Liberty Global plc Series A (LBTYA) $16.93 1.14% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $394.33 1.13%

Nasdaq 100 - Fallers

Sirius XM Holdings Inc (SIRI) $2.69 -2.89% Trip.com Group Limited (TCOM) $50.37 -2.65% Align Technology Inc. (ALGN) $248.67 -2.30% Applied Materials Inc. (AMAT) $209.57 -2.17% Western Digital Corp. (WDC) $73.37 -2.15% Mercadolibre Inc. (MELI) $1,657.49 -2.11% Lam Research Corp. (LRCX) $919.09 -1.77% Micron Technology Inc. (MU) $125.90 -1.77% QUALCOMM Inc. (QCOM) $202.36 -1.72% Asml Holdings N.V. (ASML) $951.16 -1.48%