Market rebound attempt fails as Dow closes in the red on Tuesday; European stocks bounce back despite nerves over China 
U.S. stocks on Tuesday fought to rebound from Monday’s rout, but failed as the Dow Jones Industrial average trended lower for most of the session and closed in the red. 
The Dow Jones Industrial average lost 50.63 points, or 0.15%, to 33,919.84. The S&P 500 shed about 0.1% to 4,354.19, following its worst day since May on Monday. However, the Nasdaq Composite rose 0.2% to 14,746.40 as investors bought some major tech shares like Apple on the dip. 
Uber shares were a standout, jumping 11% after raising its outlook for the third quarter. ConocoPhillips gained nearly 4% as energy stocks initially bounced following oil’s snap back from the Monday sell-off. 
Meanwhile, Disney shares fell 4% as CEO Bob Chapek warned investors about potential headwinds for Disney+ subscriber growth in the third quarter, at a Goldman Sachs conference Tuesday. 

The pan-European Stoxx 600 index closed up 1%, led by travel and leisure stocks which climbed 3.2%, as most sectors and major bourses entered positive territory. Oil and gas stocks rose 1.4% amid consumer and business worries over a shortage of natural gas in the region. 
Looking at individual shares, Entain surged 18% to the top of the Stoxx 600 after CNBC reported DraftKings had made a $20 billion takeover offer for the British online sports betting and gambling firm. 
In a filing with the London Stock Exchange, Entain’s board confirmed it received a proposal from DraftKings. The filing did not contain any information on the price of the offer. 
Meanwhile, Universal Music Group shares surged in its stock market debut on Tuesday which marked Europe’s largest listing, so far, of 2021. The company was last trading at around 25.25 euros ($29.59) per share, more than 36% above the reference price of 18.5 euros per share. 
Source: CNBC, Investing.com