U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Tuesday.
The Dow traded up 0.29% to 47,082.50 while the NASDAQ rose 0.42% to 22,469.06. The S&P 500 also rose, gaining, 0.36% to 6,723.55.
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Leading and Lagging Sectors
Energy shares climbed by 1.7% on Tuesday.
In trading on Tuesday, industrials stocks fell by 0.1%.
Top Headline
Elbit Systems Ltd (NASDAQ:ESLT) shares jumped over 10% on Tuesday after the company reported better-than-expected fourth-quarter adjusted EPS results.
Elbit Systems reported quarterly earnings of $3.56 per share which beat the analyst consensus estimate of $3.09 per share. The company reported quarterly sales of $2.148 billion which missed the analyst consensus estimate of $2.151 billion.
Equities Trading UP
- Citi Trends, Inc. (NASDAQ:CTRN) shares shot up 21% to $53.59 as the company reported better-than-expected fourth-quarter financial results.
- Shares of Getty Images Holdings Inc (NYSE:GETY) got a boost, surging 19% to $0.91 following strong quarterly sales.
- bioAffinity Technologies Inc (NASDAQ:BIAF) shares were also up, gaining 51% to $2.88 after the company announced a new clinical case study that highlights the benefit of adding CyPath Lung, a noninvasive test for lung cancer, to the diagnostic pathway for a high-risk patient with multiple pulmonary nodules.
Equities Trading DOWN
- Aldeyra Therapeutics Inc (NASDAQ:ALDX) shares dropped 66% to $1.43 after the company announced that it received a complete response letter from the FDA on replroxalap for the treatment of dry eye disease which cited lack of evidence and inconsistency of study results.
- Shares of Meiwu Technology Co Ltd (NASDAQ:WNW) were down 69% to $0.66 after the company announced a $14 million registered direct offering.
- LENSAR Inc (NASDAQ:LNSR) was down, falling 29% to $7.27 after the company announced that it reached an agreement with Alcon Research to terminate the merger agreement between the parties.
Commodities
In commodity news, oil traded up 1.9% to $95.25 while gold traded up 0.2% at $5,012.20.
Silver traded up 0.1% to $80.72 on Tuesday, while copper fell 0.9% to $5.7770.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.91%, while Spain's IBEX 35 Index rose 1.48%. London's FTSE 100 rose 0.99%, Germany's DAX gained 0.82% and France's CAC 40 rose 0.87% during the session.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 0.09%, Hong Kong's Hang Seng index gaining 0.13%, China's Shanghai Composite slipping 0.85% and India's BSE Sensex gaining 0.75%.
Economics
- Private employers in the US added an average of 9,000 jobs a week during the four weeks ending Feb. 28, compared to the revised 14,750 jobs per week in the previous period, the ADP said.
- The Federal Reserve Bank of New York’s general business activity index rose to -22.6 in March from -25.7 in the prior month.
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