U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.31% to 44,320.60 while the NASDAQ gained 0.70% to 20,784.40. The S&P 500 also rose, gaining, 0.24% to 6,283.58.
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Leading and Lagging Sectors
Information technology shares jumped by 1.6% on Tuesday.
In trading on Tuesday, financial stocks dipped by 1.1%.
Top Headline
JPMorgan Chase & Co. (NYSE:JPM) reported better-than-expected second-quarter earnings.
JPMorgan Chase reported quarterly earnings of $4.96 per share which beat the analyst consensus estimate of $4.48 per share. The company reported quarterly sales of $45.680 billion which beat the analyst consensus estimate of $44.167 billion.
Equities Trading UP
- Longevity Health Holdings, Inc. (NASDAQ:XAGE) shares shot up 189% to $7.64 after the company announced it has entered into a definitive merger agreement with True Health.
- Shares of Kairos Pharma, Ltd. (NYSE:KAPA) got a boost, surging 100% to $1.36 after the company announced safety results from its Phase 2 trial of ENV-105 in advanced prostate cancer.
- BloomZ Inc. (NASDAQ:BLMZ) shares were also up, gaining 78% to $0.2670 after the company announced it is partnering with HYPERCOMMUNITY to deliver an AI-driven VTuber platform.
Equities Trading DOWN
- Ryvyl Inc. (NASDAQ:RVYL) shares dropped 43% to $0.37 after the company announced the pricing of its $6 million offering of 15,384,615 shares and warrants at $0.39 per share and accompanying warrant.
- Shares of Rani Therapeutics Holdings, Inc. (NASDAQ:RANI) were down 41% to $0.4102 after the company announced the pricing of $3.0 million registered direct offering.
- TROOPS, Inc. (NASDAQ:TROO) was down, falling 34% to $0.8786.
Commodities
In commodity news, oil traded down 0.1% to $66.91 while gold traded down 0.2% at $3,353.80.
Silver traded down 0.4% to $38.575 on Tuesday, while copper rose 0.1% to $5.5535.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index fell 0.7%. London's FTSE 100 rose 0.1%, Germany's DAX 40 gained 0.2% and France's CAC 40 rose 0.1% during the session.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei gaining 0.55%, Hong Kong's Hang Seng gaining 1.60%, China's Shanghai Composite falling 0.42% and India's BSE Sensex gaining 0.39%.
Economics
The New York Empire State Manufacturing Index jumped to 5.5 in July, compared to a reading of -16.0 in June and topping market estimates of -9.0.
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