U.S. stocks wobble as trade worries keep investors cautious

Chinese employees making toys for export at a factory in in east China's Jiangsu province

Investors will be able to buy and sell shares in the Swedish music streaming service Spotify in the New York Stock Exchange's first-ever direct floor listing. A good reception on the first day of trading for music-streaming service Spotify (SPOT), which rose almost 13% in its debut as a publicly traded company, was another positive.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Asian shares slipped on Tuesday, with Japan leading losses in the region as investors digested the sell-off seen stateside amid a drop in tech stocks and trade-related worries.

Technology companies again drove much of the gains.

Among other recent winners, Intel dove 6.1 percent following a report in Bloomberg News that Apple plans to start using its own chips in Mac computers.

The market got a boost from better-than-expected auto sales in March from US automakers including General Motors, whose sales jumped more than 15%.

The Reserve Bank of Australia is due to announce its interest rates decision, with most expecting the central bank to hold the cash rate steady. The broad stock index closed up 32.57 to 2614, as the Dow rocketed 389 points to 24,033 and the Nasdaq Composite rose 71 to 6941.

Asian markets were down slightly after Monday's big sell-off on Wall Street that saw the Dow drop 459 points and the Nasdaq plunge nearly three percent.

Police responding to active shooter at YouTube offices near San Francisco
Todd Sherman, a product manager at YouTube, described a chaotic scene as he evacuated his office. Tuesday, wounding at least four people before shooting and killing herself, police said.

Plenty of smiles in forecast for final round of ANA Inspiration
The 2014 champion rebounded to birdie three of the last four, beginning the run with a downhill 12-footer on the par-four 15th. Lindberg is 14-under, three strokes clear of unheralded American Amy Olson, with five golfers another shot back sharing third.

Donald Glover Tweets and Deletes Mock Script of DeadPool Animated Series
In the meantime, there's still Atlanta-which could always do a Taylor Swift-themed episode of its own. But we definitely wanted to give " Rick and Morty " a run for their money and I think we would have.

"Failure to hold the 200-day (moving average on S&P 500) has put downward pressure on the market", said Ryan Larson, head of US equity trading, RBC Global Asset Management in Chicago. The Nasdaq composite slumped 2.7 percent to 6,870.12.

Bond prices declined. The yield on the 10-year Treasury note rose to 2.78 per cent from 2.73 per cent. The Russell 2000 index of smaller-company stocks fell 43 points, or 2.8 percent, to 1,486. Consumer products makers and health care companies also rose.

Elsewhere in the region, Sydney's S&P-ASX 200 shed 0.1 percent to 5,752.70. Meanwhile, the S&P 500 sank 2.23 percent - re-entering correction territory and closing below its 200-day moving average for the first time since June 2016.

Monday's big down day on Wall Street is having ripple effects on world markets today.

Technology stocks and retailers, which bore the brunt of the selling a day earlier, posted solid gains in early trading Tuesday.

US crude gained 14 cents to $63.15, copper jumped 1.4 percent for its fourth straight gain and spot gold ticked down 0.2 percent to $1,338.08 an ounce. The offer is reported to be for less than Viacom's current market value, and Viacom stock fell 3.7 per cent to $29.42.

A barrel of USA crude gained 50 cents to $63.51 in NY while Brent crude, used to price global oils, rose 48 cents to $68.12 a barrel in London.

The Dow Jones industrial average fell as much as 758 points, although major indexes regained some of their losses later in the afternoon.

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