Source: Wall Street News Author: Li Dan, Fang Jiayao.

After Monday's manufacturing data, the bond market was boosted by the favorable news of the data announced on Tuesday. The number of job vacancies in the United States in April was much lower than expected, hitting a more than three-year low, showing a sign of cooling in the labor market. Some economists and observers believe that Tuesday's data shows that wages are unlikely to further drive inflation.

The employment market data further fueled the market's expectation of a rate cut by the Fed this year. After the data was announced, swap contract pricing showed that investors increased their bets on a rate cut in November this year. The price of US government bonds further rose, and the yield decline expanded. The yield of the benchmark 10-year US Treasury bond fell nearly 10 basis points from the highest point of the day, approaching a low of more than a month after the announcement of the US CPI in April. After hitting a two-month low in the Asian trading market session the US dollar index rose again but then turned down. The overall decline of the US stock market has narrowed, and the Dow Jones once reversed the decline in the trading session.

The seven tech giants experienced a simultaneous decline during trading, but most of them rebounded afterwards. They maintained their upward momentum for more than a week and reached a historical high. The market is still under pressure, with the S&P and the Nasdaq fluctuating several times during trading before finally closing higher for the second consecutive day. Last weekend, Keith Gill, leader of the retail investors in the US stock market, posted a screenshot showing that the stock price of Gamestop, in which he held a large position, had plummeted after rising. At the opening of the market, the stock had fallen by 10%. $SPDR Dow Jones Industrial Average Trust (DIA.US)$ rose by 0.11% and 0.33% respectively. The former rose for two consecutive days while the latter rebounded after falling on Monday. They both rose for two consecutive days after falling for three days to the low point since May 14th. The Nasdaq Technology Market Cap Weighted Index (NDXTMC), which measures the performance of technology stocks in the Nasdaq 100 Index, rose by 0.23%, after falling for three consecutive days and rising for two consecutive days. The Russell 2000, which mainly consists of value stocks of small cap companies, fell by 1.25%, underperforming the market and closing at the low point since May 2nd for two consecutive days. Facebook's parent company rose by 0.7%, and $JD.com (JD.US)$ rose by almost 0.6%. The US stock market fell by more than 1%, the S&P fell by about 1%, and the Nasdaq fell by nearly 0.9%. AI concept stocks rebounded overall during the midday. The Glb X Robotics & Afl Intelligence ETF (BOTZ), which consists of AI and robot-related stocks, rose by 0.03%. And by the end of trading, $SoundHound AI (SOUN.US)$ rose by more than 3% and $Siasun Robot&Automation (SIA.US)$ rose by 2.8%. $iShares U.S. Treasury Bond ETF (GOVT.US)$ rose by 0.4%, rising for four consecutive days and closing at a high point since April 4th. $apple(AAPL.US)$Maintaining its upward trend for more than a week, it reached a historical high. Although the market was still under pressure, S&P and NASDAQ fluctuated several times during trading, and rose sharply for the second consecutive day. The stock of NVIDIA (NVDA.US) will split 1:10 after market close on June 7 (Friday), and the price per share will drop to around $100. The lower price will make NVIDIA more likely to be included in the Dow Jones Industrial Average. Please use your Futubull account to access the feature.

In the emerging markets, the Indian financial market was shaken by the upcoming election results. The National Democratic Alliance (NDA) led by Indian Prime Minister Modi's ruling party, which had a dominant position in the election, had unexpected inferior results, leading to a plunge of the Indian stock and bond market, where the stock index fell more than 8%, hitting the biggest drop in four years; the rupee hit the biggest decline in over a year, and the yield of 10-year government bonds rose more than 10 basis points during the trading session. After Modi announced his victory in the election, the Indian ETF listed in the United States fell more than 7% in the early trading but later recovered some losses.

The overall decline of the commodity market. Part of the basic metals including copper and precious metals like gold and silver all fell back. London copper closed below $10,000 for the first time in more than three weeks. Analysis shows that the inventory of the Shanghai Futures Exchange has climbed to the highest level since 2020. In the past few weeks, the Asian inventory tracked by the London Metal Exchange has also been slightly inflowing, bringing downsizing pressure on copper prices. After the announcement of the job vacancies in the United States, the decline in gold narrowed in the short term but failed to reverse the downward trend, with the decline once expanding by more than 1%.

OPEC+ announced in the meeting over the weekend that Saudi Arabia and other eight countries under the production cut agreement would gradually lift the voluntary production cuts from October. International crude oil prices fell for two consecutive days, and US oil and Brent crude oil, which failed to hold the $80 level, fell further to a low in about four months. However, the decline on Tuesday was less severe than on Monday. Some comments stated that the job vacancies on Tuesday reflected the cooling of the US labor market, further proving that the US economy is weak, and the demand worries in the oil markets increased, which also hit oil prices.

S&P and NASDAQ had a thrilling rise for two consecutive days. Magnificent Seven fell together in the early trading, while Apple rose for seven consecutive days. GameStop fell 10% in the early trading, and the weather is good today.

The three major American stock indexes opened lower, with the Dow Jones Industrial Average falling more than 170 points. After less than half an hour of trading, it turned up and rose more than 110 points at one point. It turned down again near the end of the morning trading and then turned up again during the noon trading, rising more than 210 points, or nearly 0.6%. S&P 500 Index (.SPX.US) and the NASDAQ Composite Index (.IXIC.US)At the beginning of the noon trading, they hit a new low for the day, with both falling nearly 0.5%, but then both turned up, rising nearly 0.3% and nearly 0.4%, respectively. Later, they both fell slightly but turned up again during the late trading session.

Finally, all three major stock indexes closed higher, with the S&P and Nasdaq experiencing a narrow rise for two consecutive days. The S&P rose by 0.15%, closing at 5291.34 points, while the Nasdaq rose by 0.17%, closing at 16857.05 points. They continue to move away from their respective lows since May 13 and May 23 respectively. The Dow rose 140.26 points, or 0.36%, to close at 38,711.29 points, erasing Monday's losses.

S&P and Dow-related ETF $SPDR S&P 500 Index ETF (SPY.US)$with$SPDR Dow Jones Industrial Average Trust (DIA.US)$They rose by 0.11% and 0.33% respectively, with the former rising for two consecutive days and the latter rebounding after falling on Monday.

Among the components of the Dow, Honeywell (HON.US) rose by more than 2%, while McDonald's and 3M fell by more than 1%, limiting the Dow's gains. Among the major sectors of the S&P 500, there were six gainers on Tuesday, with property/REIT, essential consumer goods, IT, communications services, and medical all rising by more than 0.3%, and materials and energy falling by more than 1%. Finance and industrial each fell by more than 0.4% and 0.2%, respectively, while utilities fell slightly.$Nasdaq 100 Index (.NDX.US)$Hot China concept stocks saw mixed results. The Nasdaq Golden Dragon China Index (HXC) fell by 1%, while related ETF (PGJ) fell by 1.1%, both falling for three consecutive days and hitting their lowest closing levels since May 1. KWEB and CQQQ, Chinese ETFs, closed slightly lower and 1.1% higher respectively. Among emerging automakers, NIO Inc (NIO.SG) fell by more than 2%, Tesla (TSLA.US) fell by nearly 2%, and XPeng Inc (XPEV.US) fell by nearly 0.3%, while Ideanomics (IDEX.US) rose slightly.Among the Dow component stocks, the only energy stock, They both rose for two consecutive days after falling for three days to the low point since May 14th. The Nasdaq Technology Market Cap Weighted Index (NDXTMC), which measures the performance of technology stocks in the Nasdaq 100 Index, rose by 0.23%, after falling for three consecutive days and rising for two consecutive days. The Russell 2000, which mainly consists of value stocks of small cap companies, fell by 1.25%, underperforming the market and closing at the low point since May 2nd for two consecutive days.

In the components of the Dow, Honeywell (HON.US) rose by more than 2%, while McDonald's and 3M fell by more than 1%, limiting the Dow's gains.Among the components of the Dow, Honeywell (HON.US) rose by more than 2%, while McDonald's and 3M fell by more than 1%, limiting the Dow's gains. and Please use your Futubull account to access the feature.Among the components of the Dow, Honeywell (HON.US) rose by more than 2%, while McDonald's and 3M fell by more than 1%, limiting the Dow's gains.rose nearly 4%. Among the major sectors of the S&P 500, only four rose on Monday. The IT sector, where Nvidia is located, rose by nearly 1%, medical rose more than 0.7%, communications services rose nearly 0.5%, and non-essential consumer goods rose more than 0.1%, while the energy sector dragged down by the drop in crude oil fell 2.6%, leading the decline, and the industrial and utilities sectors fell by more than 1%. , and Travellers all fell by more than 2%, while 3m fell more than 1%, limiting the rise of the Dow. Among the major sectors of the S&P 500, there were six increases on Tuesday: property/a-reit, consumer goods, IT, communications services and medical, with increases of nearly 1%, over 0.9%, over 0.4%, over 0.3% respectively. Among the five sectors that fell, materials fell more than 1%, energy fell nearly 1%, finance and industry fell over 0.4% and 0.2% respectively, while utilities edged down.

IncludingMicrosoft (MSFT.US), including Apple, Nvidia, Google's parent company Alphabet, and Facebook's parent company Meta, the seven tech giants, saw different fluctuations in trading today. Nvidia performed the best and did not drop in the middle of trading, similar to Apple and Meta. Tesla, the worst performer, rose nearly 2.6% at the start of trading, but fell in the morning and at noon, and closed down by 1%, falling for two consecutive trading days as of May 23. Among the top six FAANMG tech stocks, Apple rose 1.4% in early trading and closed up by 0.9%, rising for six consecutive days to reach the highest closing level since January 25th. Meta rose 2.7% in early trading and closed up by 2.3%, rising for two consecutive days. Amazon, which had fallen continuously for three days last Friday and hit the lowest closing price since April 30th, rose nearly 1.3% at the start of trading and fell slightly in the morning and at noon, before closing up nearly 1.1%. Alphabet fell after early trading, fell nearly 0.9% at noon, turned higher at the end of trading, and closed up nearly 0.3%, continuing to move away from the low point since May 14th created last Thursday. Meanwhile, Microsoft, which had rebounded slightly last Friday, fell more than 1% in the middle of trading after a fall at the opening, closing down by 0.4% and hitting the lowest closing level since May 9th. The semiconductor index fell 1.2%, hitting a low for three days in a row and two days since May 17th. Overall, chip stocks fell in early trading. Semiconductor index SOX.US and semiconductor industry ETF SOXXX rose by about 1.8% and 1.7%, respectively, at the start of trading before falling, with declines of more than 1.2% and 1.6% at noon, then turning higher at the end of trading, closing up by nearly 0.6% and nearly 0.2%, respectively. Among chip stocks, Nvidia, which had fallen for two consecutive days, rose more than 4.3% at the start of trading, narrowed its gains by nearly half in early trading, and rose 2.2% before hitting a daily high and closing up 4.9%. Arm rose more than 5%, while AMD, which fell more than 3% during trading, closed down by 2%, and Intel fell by 1.8%, with declines of more than 2% during trading. Applied Materials and NXP Semiconductors fell by 0.4% and 0.8%, respectively, and Super Micro Computer and Palantir fell by 0.5%. The overall AI concept stocks fell. The AI and Robotics ETF, Glb X Robotics & Afl Intelligence ETF (BOTZ), closed up by 1.1%. By the close of trading, SoundHound.ai (SOUN) fell by more than 5%, and Dell (DELL), which had fallen nearly 18% last Friday after announcing its financial report, also fell by more than 5%. $Amazon (AMZN.US)$Facebook's parent company$Meta Platforms (META.US)$, $Tesla (TSLA.US)$Among them, the tech giants known as the "Seven Sisters" fell together in the early trading session but most closed higher. Tesla, which had the worst performance from the closing prices, briefly rebounded after falling by 1.3% in the morning and closed down by nearly 0.9%, falling for three consecutive days and hitting its lowest closing level since May 23 for two days in a row.

Hot China concept stocks saw mixed results. The Nasdaq Golden Dragon China Index (HXC) fell by 1%, while related ETF (PGJ) fell by 1.1%, both falling for three consecutive days and hitting their lowest closing levels since May 1.Invesco Golden Dragon China ETF (PGJ.US)Hot China concept stocks saw mixed results. The Nasdaq Golden Dragon China Index (HXC) fell by 1%, while related ETF (PGJ) fell by 1.1%, both falling for three consecutive days and hitting their lowest closing levels since May 1. Chinese ETFs KWEB and CQQQ closed slightly lower and 1.1% higher respectively. Among emerging automakers, NIO Inc (NIO.SG) fell by more than 2%, Tesla (TSLA.US) fell by nearly 2%, and XPeng Inc (XPEV.US) fell by nearly 0.3%, while Ideanomics (IDEX.US) rose slightly.Nio Inc (NIO.US)Among emerging automakers, Tesla (TSLA.US) fell by nearly 2%,Li Auto Inc (LI.US)Among emerging automakers, XPeng Inc (XPEV.US) fell by nearly 0.3%,$xpeng (XPEV.US)$fell nearly 0.3%, whileAmong emerging automakers, Ideanomics (IDEX.US) rose slightly.Up 0.2%. Among other individual stocks, Tencent Fan Dan and Bilibili rose more than 1% by the close.fell nearly 0.6%, while Tencent's fanatic surge increased by more than 2%, and Bilibili (BILI.US), which rose 4.8% in the early session, rose more than 1%. rose by 0.7%,$JD.com (JD.US)$rose by almost 0.6%,fell 0.8%,Up 0.4%, whileBaidu (BIDU.US) fell more than 1%,Down nearly 0.9%,pdd holdings (PDD.US)Down 0.7%.

Of the FAANMG Big Six technology stocks, Apple initially turned lower after falling 0.5% in early trading, but rebounded in midday trading to close up nearly 0.2%, rising for seven consecutive days and hitting its highest closing price since January 24; Microsoft, which fell about 0.9% in early trading, rebounded in afternoon trading to close up 0.6%, after falling back on Monday to its lowest closing level since May 9; and Amazon, which fell more than 1% in early trading, rebounded in afternoon trading to close up nearly 0.6%, rebounding for two consecutive days after falling to its lowest closing level since April 30 last Friday; Alphabet rose slightly more than once during the day and closed up about 0.4%, continuing to move away from the low since May 14 created last Thursday; and Meta, which rose for two consecutive days, fell nearly 0.9% in early trading, then rebounded slightly in midday trading before falling again to close down 0.1%;Netflix (NFLX.US)It fell more than 1% in early trading, closing down 0.3%, falling for four consecutive days and refreshing its low since May 17.

Chip stocks overall fell back. After stopping a three-day decline on Monday, Soitec and the semiconductor industry's ETF SOXX remained in decline throughout Tuesday, falling more than 1% at midday and closing down 0.7% and nearly 0.8%, respectively, falling back to their lowest closing levels since May 21. Among the chip stocks, Nvidia rose nearly 1% in early trading before turning lower. It fell more than 0.8% in early trading, rebounded in midday trading and closed up nearly 1.3%, hitting its highest closing historical high since May 29; AMC closed down more than 2%, with Arm down about 1% and Intel down nearly 0.9%; whileThe PHLX semiconductor index and semiconductor industry ETF SOXXX rose by approximately 1.8% and 1.7%, respectively, at the start of trading before falling, with declines of over 1.2% and 1.6% at noon, then turning higher at the end of trading and closing up by nearly 0.6% and nearly 0.2%, respectively. It closed up nearly 0.7% after turning higher at midday.$Micron Technology(MU.US)$, $Taiwan Semiconductor(TSM.US)$The US stock market fell by more than 1%,$Arm Holdings(ARM.US)$the S&P fell by about 1%,$Intel(INTC.US)$and the Nasdaq fell by nearly 0.9%. $Broadcom(AVGO.US)$Rose more than 3%, Dell (DELL) rose 2.8%,

AI concept stocks rebounded overall during the midday. The Glb X Robotics & Afl Intelligence ETF (BOTZ), which consists of AI and robot-related stocks, rose by 0.03%. $SoundHound AI (SOUN.US)$ and Palantir fell by 0.9%, continuing to decline for the third day, and the lowest closing price since May 17th. rose by more than 3%,Dell Technologies (DELL.US)$Siasun Robot&Automation (SIA.US)$ rose by 2.8%.The semiconductor stocks fell in general. Down about 3.8%.$C3.ai(c3.ai.US)$ and Oracle (ORCL.US)Among the volatile stocks, MicroVision, which rose 21% on Monday,Astera Labs (ALAB.US), BigBear.ai (BBAI), and Adobe (ADBE.US) all fell over 1%, with Oracle (ORCL.US) rising nearly 1.8%. Most popular China Concept Stocks experienced intraday declines. The NASDAQ Golden Dragon China Index (HXC) rose 1.6% in the early session, but then fell sharply during afternoon trading. The corresponding ETF, Invesco Golden Dragon China ETF (PGJ.US), also fell more than 1% in the afternoon, closing down nearly 0.4% and over 0.7%, respectively, both falling for two consecutive days and continuing to hit the lowest level since May 1. China Concept ETF KWEB and CQQQ fell nearly 0.2% and rose nearly 0.3% respectively. Among new car manufacturers, XPeng (XPEV.US) fell more than 2%, Nio Inc (NIO.US) fell more than 1%, while Jikexueyuan (JKS.US) rose nearly 1.7%, up over 0.9%. Among other individual stocks, PDD Holdings (PDD.US) fell nearly 2%, Baidu (BIDU.US) fell more than 1%, and NetEase (NTES.US) fell 0.8%, Alibaba (BABA.US) fell nearly 0.6%. However, Tencent's fanatic surge increased by more than 2%, and Bilibili (BILI.US), which rose 4.8% in the early session, rose more than 1%. Also, in the case of stocks with large fluctuations, retail trader and lead advocate Keith Gill returned to the discussion after three years. Down 5.4% at the close, after an initial dip of 10% and an early rebound that later widened; Bath & Body Works (BBWI.US), a home fragrance and body care products retailer that outperformed expectations in the first quarter but issued weaker second-quarter guidance,

Rose nearly 6.7% after announcing that its April and May weekday Less-than-Truckload (LTL) volume growth was lower than that of full-truckload transport; and$ Gamestop (GME.US) $Semi-conductor stocks generally fell. On Tuesday, after breaking through the $20,000 mark for the first time in nearly two years, Bitcoin plunged, closing down nearly 4%.$Bath & Body Works(BBWI.US)$Saia (SAIA), a freight company, rose nearly 6.7% after announcing a decline of 12.8%, the largest drop since its listing, and a year-on-year increase in less-than-truckload (LTL) shipments in April and May. It also announced the integration of P&O Cruises Australia as one of its strategic measures to increase flagship brand capacity.After the employment market data, the ten-year US Treasury bond yield fell nearly 10 basis points to a three-week low. The iShares US Treasury Bond ETF (GOVT) rose by 0.4% and closed at a high since April 4th for the fourth consecutive day. The benchmark 10-year US Treasury bond yield rose above 4.11% in the Asian market, refreshing the day's high, and then generally declined. After the announcement of US job vacancies in pre-market trading, the decline expanded. At noon, US stocks were close to 4.31%, the lowest level since May 16th, the day after the US CPI was announced in April. It fell nearly 10 basis points from the high of the day and was about 4.33% at the end of the bond market. It fell nearly 6 basis points intraday and fell for four consecutive days, with a cumulative decline of more than 28 basis points in four days.The yields of various terms of US bonds continue to decline horizontally, and have fallen by at least about 20 basis points in the last four trading days.

The ten-year US Treasury bond yield is close to the low point after the announcement of the US April CPI three weeks ago.

$iShares U.S. Treasury Bond ETF (GOVT.US)$ rose by 0.4%, rising for four consecutive days and closing at a high point since April 4th.

Among non-US currencies, the yen has risen for two consecutive days to a high in nearly three weeks. The USD/JPY once fell below 154.60 in midday trading in US stocks, refreshing its low since May 16th, and fell by nearly 1% intraday; The EUR/USD rose above 1.0910 and approached 1.0920 in early Asian trading, refreshing its high since March 21 for two consecutive days. After the European stock market turned down, it was in a downward trend. When the European stock market refreshed its low, it fell nearly 0.4% intraday; The GBP/USD approached 1.2820 in early Asian trading, also refreshing its high since March 21 for two days. During the European stock market, it once fell below 1.2750 and refreshed its intraday low, falling nearly 0.5% intraday.

The two-year US Treasury bond yield, which is more sensitive to interest rate prospects, once approached 4.83% before the European stock market. US stocks also fell below 4.75% during the noon trading session, refreshing their low since May 16th, and approaching the low point created on April 5th since May 16th, the same as the yield on the 10-year US Treasury bond. At the end of the bond market, it was about 4.77%, down nearly 4 basis points intraday, and fell for five consecutive days.

After the employment market data, the US dollar index, which rose after hitting an eight-week low, once fell again, and Bitcoin once rose above $71,000.

The ICE US Dollar Index (DXY), which tracks the exchange rates of a basket of six major currencies, once fell below 104.00 in early Asian trading, refreshing its low since April 9th after hitting a new low on the day of the announcement of the US March CPI on Monday. Intraday fell more than 0.1%, and rose near 0.2% after the European stock market turned up to refresh its daily high once again. The short-term plunge after the announcement of US job vacancies in pre-market trading made it fluctuate and fell back, while the US stock market erased most of the intraday decline at the end of trading. At the end of the foreign exchange market on Tuesday, the US Dollar Index was slightly above 104.10 and was basically flat; the Bloomberg US Dollar Spot Index, which tracks the exchange rates between the US dollar and other ten currencies, rose slightly less than 0.1% intraday, and has risen for two consecutive days after two consecutive declines.

The Bloomberg US Dollar Spot Index rose slightly after turning up and down in intraday trading on Tuesday.

Among non-US currencies, the yen has risen for two consecutive days to a high in nearly three weeks. The USD/JPY once fell below 154.60 in midday trading in US stocks, refreshing its low since May 16th, and fell by nearly 1% intraday; The EUR/USD rose above 1.0910 and approached 1.0920 in early Asian trading, refreshing its high since March 21 for two consecutive days. After the European stock market turned down, it was in a downward trend. When the European stock market refreshed its low, it fell nearly 0.4% intraday; The GBP/USD approached 1.2820 in early Asian trading, also refreshing its high since March 21 for two days. During the European stock market, it once fell below 1.2750 and refreshed its intraday low, falling nearly 0.5% intraday.

The yields of various terms of US bonds continue to decline horizontally, and have fallen by at least about 20 basis points in the last four trading days.

Bitcoin (BTC.CC)Bitcoin once fell below 68,600 US dollars and refreshed its daily low during the European stock market. It has continued to rise and once again exceeded the 70,000 US dollar mark for two consecutive trading days, rising above $71,000. It rose by more than 2000 US dollars from the low point of the day, an increase of more than 3%, and then fell to 70,000 US dollars. It was above 70,000 US dollars when the US stock market closed and rose about 1.5% in the past 24 hours. Its market value is second only to Bitcoin.Ethereum (ETH.CC)Also rose during intraday trading, with US stocks surging past $3,830 at midday but dropping below $3,800 at the close, up more than 0.6% over the past 24 hours. In terms of product structure, revenue for products worth 10-30 billion yuan was 401/1288/60 million yuan respectively.

Crude oil hits four-month low, down more than 2% at one point.

International crude oil futures remained in the red on Tuesday. When European stocks hit a new daily low in early trading, U.S. WTI crude oil fell to $72.48, down more than 2.3% intraday, while Brent crude oil fell to $76.76, down slightly more than 2% intraday. Ultimately, oil prices fell for five consecutive trading days, hitting at least a four-month low for the second consecutive day, but the decline was more moderate than the largest daily drop of more than 3% on Monday, January 8.

WTI July crude oil futures fell nearly 1.31% to close at $73.25 per barrel, while Brent August crude oil futures fell more than 1.07% to close at $77.52 per barrel. Both hit new lows since early February.

Crude oil product ETFUnited States Oil Fund LP (USO.US)They both fell for five consecutive days to their lowest closing levels since February 7th, with the United States Brent Oil Fund LP (BNO) down 0.85% and Brent crude ETFs down 1.03%.

US gasoline and natural gas futures continued to fluctuate. NYMEX July gasoline futures, which fell to their lowest level in more than two months on Monday, rose by about 0.6% to $2.3495 per gallon, while NYMEX July natural gas futures, which have risen for two consecutive days, fell by 6.17% to $2.5860 per million British thermal units.

London copper fell below 10,000 for the first time in more than three weeks, and gold narrowed its decline briefly after US employment data.

Most of London's base metal futures fell on Tuesday, with London copper and London lead leading the way, falling nearly 2% after three and four consecutive days of decline, respectively. London copper closed below $10,000 for the first time since early May, while London lead hit a new low since early May for more than three weeks. London tin, London zinc, and London nickel all fell for four consecutive days, with London tin hitting a one-month low, while London zinc and London nickel hit new lows for more than three weeks. Aluminum, which ended a week's lows on Monday, continued to rise slightly.

Gold was mostly down on Tuesday, and briefly rose after U.S. job vacancy data in early trading, with NYMEX gold futures briefly retesting $2,350 and intraday losses of about 0.7%, while spot gold briefly rose above $2,330 and intraday losses of less than 0.8%. Thereafter, the decline quickly widened, with spot gold falling to $2,316, down more than 1.4% intraday. When U.S. stocks hit a new daily low in early trading, spot gold fell below $2,316, down nearly 1.5% intraday.

At the close of its stock market, Comex August gold futures fell 0.92% to $2,347.4 an ounce, giving up much of Monday's gains. The SPDR Gold Trust (GLD) fell 0.9%, giving up all of Monday's gains. At the close of the US stock market, spot gold was below $2,330 and down about 1% intraday.

New York silver futures, which ended their two-day losing streak on Monday, resumed their decline, with COMEX July silver futures falling 3.79% to $29.617 per ounce, hitting a new low since May 14th. Aberdeen Silver Trust SLV fell 3.12%, hitting a low not seen since May 14th.

Editor/Lambor