US benchmark equity indexes are on track to close lower on Tuesday as markets assessed the latest trade deficit and speculated on the Federal Reserve monetary policy meeting.
The Dow Jones Industrial Average dropped 0.7% to 40,921.66, the Nasdaq Composite lost 0.5% to 17,756.90, and the S&P 500 fell 0.5% to 5,625.27. Health care led the declines, and utilities and energy posted gains.
Palantir (PLTR) shares fell 12%, the biggest drop on the S&P, even after the software maker issued an upbeat Q2 sales outlook and raised its full-year guidance.
Constellation Energy (CEG) shares jumped 12%, the largest gain on the S&P, after the company logged better-than-expected Q1 operating revenue and affirmed its full-year adjusted operating earnings outlook.
Leidos Holdings (LDOS) shares gained 4.9%, the second-biggest increase on the S&P. The company reported Q1 adjusted earnings and revenue that topped Wall Street estimates and reaffirmed its full-year outlook.
The 10-year US Treasury yield dropped 3.7 basis points to 4.3%, while the two-year rate fell 4.8 basis points to 3.8%.
June West Texas Intermediate crude oil rose 3.2% to $58.97 a barrel.
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