U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 150 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.33% to 54,155.51 while the NASDAQ fell 0.19% to 26,556.16. The S&P 500 also rose, gaining, 0.05% to 7,757.09.
Leading and Lagging Sectors
Industrials shares jumped by 1% on Tuesday.
In trading on Tuesday, communication services stocks fell by 1.1%.
Top Headline
Cardinal Health, Inc (NYSE:CAH) shares jumped around 8% after the company posted results for the fourth quarter.
The company posted adjusted earnings of $2.91 per share, beating market estimates of $2.42 per share. The company’s sales came in at $63.672 billion, missing expectations of $65.029 billion.
Equities Trading UP
- WF International Ltd (NASDAQ:WXM) shares shot up 169% to $10.74.
- Shares of Planet Green Holdings Corp (NYSE:PLAG) got a boost, surging 103% to $1.15 after the company announced entry into commercial operations to source, market and distribute lactoferrin for Chinese market.
- Global Engine Group Holding Ltd (NASDAQ:GLE) shares were also up, gaining 57% to $0.61 after the company announced a strategic collaboration agreement with Angkasa-X to develop Space-to-AI digital infrastructure platform in Sarawak, Malaysia.
Equities Trading DOWN
- CleanCore Solutions Inc (NYSE:ZONE) shares dropped 52% to $0.17 after the company reported pricing of $100 million public offering.
- Shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) were down 35% to $1.44 after the company reported worse-than-expected Q2 sales results and approved a $125 million backstopped rights offering.
- Socket Mobile Inc (NASDAQ:SCKT) was down, falling 34% to $1.41. Socket Mobile shares jumped 452% on Monday after the company announced a North America distribution agreement with 3Eye Technologies for the company’s Apple-based scanning solutions.
CommoditiesIn commodity news, oil traded up 0.4% to $82.43 while gold traded up 0.6% at $4,447.70.
Silver traded down 0.3% to $65.070 on Tuesday, while copper rose 0.6% to $6.6585.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.2%, while Spain’s IBEX 35 Index rose 0.6% London’s FTSE 100 rose 0.1%, Germany’s DAX gained 0.2%, while France’s CAC 40 fell 0.1%.
Asia Pacific Markets
Asian markets closed lower on Tuesday, with Hong Kong’s Hang Seng index dipping 1.10%, China’s Shanghai Composite falling 0.82% and India’s BSE Sensex declining 0.49%.
Economics
The US NFIB small business optimism index rose to 99.8 in July from 97.4 in June and beating market estimates of 97.5.
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