Meanwhile, SolarEdge Technologies fell 21% after announcing plans for a private offering of $300 million in convertible bonds, while Pool Corp also fell 7.7% after its estimates were revised down.
The oil went down
Oil prices fell on Tuesday as weak US consumer confidence data rekindled concerns about the economic outlook and the path of demand in the coming months.
The August crude contract lost 80 cents, or 1%, to $80.83 a barrel, while Brent for the same month fell $1, or 1.2%, to $85.01 a barrel.
Both contracts gained about 3% last week, completing two consecutive weekly gains and rising to their highest levels since April.
Specifically, the Conference Board’s consumer confidence index fell to 100.4 in June from a revised low of 101.3 in May, beating analysts’ estimates of 100.0.