Dow Surges Over 100 Points; Korn Ferry Earnings Top Views

Benzinga
Sep 10

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Tuesday.

The Dow traded up 0.33% to 45,664.09 while the NASDAQ rose 0.20% to 21,842.19. The S&P 500 also rose, gaining, 0.18% to 6,506.81.

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Leading and Lagging SectorsEnergy shares jumped by 1.8% on Tuesday.

In trading on Tuesday, materials stocks fell by 1.5%.

Top Headline

Korn Ferry (NYSE:KFY) reported upbeat earnings for the second quarter on Tuesday.

The company posted quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.24 per share. The company reported quarterly sales of $715.543 million which beat the analyst consensus estimate of $689.229 million.

Equities Trading UP           

  • CaliberCos Inc. (NASDAQ:CWD) shares shot up 700% to $17.19 after the company completed its initial purchase of Chainlink tokens as part of its digital asset treasury strategy.
  • Shares of Tourmaline Bio, Inc. (NASDAQ:TRML) got a boost, surging 58% to $47.66 after the company announced it entered into an agreement to be acquired by Novartis.
  • Nebius Group N.V. (NASDAQ:NBIS) shares were also up, gaining 36% to $87.14 after the company announced it secured up to $19.4 billion 5-year GPU infrastructure contract with Microsoft.

Equities Trading DOWN

  • Core & Main, Inc. (NYSE:CNM) shares dropped 23% to $51.00 after the company reported mixed second-quarter financial results and narrowed its FY25 sales guidance below estimates.
  • Shares of SailPoint, Inc. (NASDAQ:SAIL) were down 9% to $20.33 after the company reported second-quarter financial results and issued third-quarter sales guidance below estimates.
  • PACS Group, Inc. (NYSE:PACS) was down, falling 30% to $7.88 after the company announced that CFO Derick Apt resigned.

CommoditiesIn commodity news, oil traded up 1.6% to $63.25 while gold traded up 0.3% at $3,689.80.

Silver traded down 1% to $41.520 on Tuesday, while copper rose 0.1% to $4.5635.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.01%, while Spain's IBEX 35 Index fell 0.21%. London's FTSE 100 rose 0.19%, Germany's DAX 40 declined 0.54% and France's CAC 40 rose 0.30% during the session.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 0.42%, Hong Kong's Hang Seng gaining 1.19%, China's Shanghai Composite falling 0.51% and India's BSE Sensex gaining 0.39%.

Economics

The US economy added 911,000 lesser jobs during the twelve months through March 2025 than initially reported.

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Photo via Shutterstock

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