This is the global markets roundup. Lets get started with the US markets.
• US stocks saw subdued trade in Tuesday’s session, with all major indices ending flat as inflation worries weighed on the markets.
• The S&P 500 was up 0.02% to 4,227.26. The Dow Jones declined 0.09% to 34,599.82. The NASDAQ Composite gained 0.31% to 13,924.91. The Russell 2000 was up 1.06% to 2,343.76.
• Besides inflation worries, the US economy's skewed demand and supply balance are apparently forcing the markets to pull back. The stress was palpable in most stock segments.
• However, six of the 11 critical sectors on the S&P 500 index saw modest gains despite a subdued mood in the markets, with stocks moving up and down for most of the day.
• Consumer discretionary and energy stocks were the biggest gainers, while the utility segment was among the bottom movers. Meanwhile, meme stocks continued to see high interest among retail investors. Shares of GameStop Corp. (GME) was up over 7% at the market close, while the stock of AMC Entertainment Holdings, Inc. (AMC) was trading flat.
• Tech-savvy NASDAQ saw moderate gains after Amazon.com Inc. (AMZN) and Apple Inc. (AAPL) gave a modest boost. AMZ was up 0.27%, and AAPL gained 0.67%. However, Microsoft Corp., declined 0.25% and Facebook, Inc. declined 0.88%.
• Financial services provider BlockFi Lending LLC is said to be in talks with investors to raise around US$5 billion. Its clients include cryptocurrency holders.
• Small-cap companies largely remained in the positive territory over the past few sessions, backed by retail traders who appeared ready to take more risks with the economy’s recovery. Clover Health Corp. (CLOV) jumped over 85% after it popped up on social forums.