U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.30% to 47,688.42 while the NASDAQ rose 0.45% to 23,744.57. The S&P 500 also fell, dropping, 0.01% to 6,874.13.
Check This Out: Top 3 Consumer Stocks Which Could Rescue Your Portfolio In Q4
Leading and Lagging Sectors
Information technology shares jumped by 0.8% on Tuesday.
In trading on Tuesday, real estate stocks fell by 2.1%.
Top Headline
United Parcel Service Inc (NYSE:UPS) reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.
UPS reported quarterly earnings of $1.74 per share which beat the analyst consensus estimate of $1.31 per share. The company reported quarterly sales of $21.400 billion which beat the analyst consensus estimate of $20.832 billion.
Equities Trading UP
- Vsee Health Inc (NASDAQ:VSEE) shares shot up 235% to $2.07 after the company received U.S. Department of Health and Human Services authority to operate at the FedRAMP High level.
- Shares of TEN Holdings Inc (NASDAQ:XHLD) got a boost, surging 139% to $0.67.
- 707 Cayman Holdings Ltd (NASDAQ:JEM) shares were also up, gaining 47% to $0.44.
Equities Trading DOWN
- Co-Diagnostics Inc (NASDAQ:CODX) shares dropped 54% to $0.58 after the company announced a $7 million registered direct offering of 12,727,272 shares at a price of $0.55 per share.
- Shares of SMX (Security Matters) PLC (NASDAQ:SMX) were down 24% to $4.43.
- OceanPal Inc (NASDAQ:OP) was down, falling 23% to $1.70.
Commodities
In commodity news, oil traded down 1.5% to $60.40 while gold traded down 1.9% at $3,942.30.
Silver traded down 0.6% to $46.510 on Tuesday, while copper fell 0.7% to $5.1375.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.3%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 rose 0.1%, Germany's DAX 40 fell 0.2% and France's CAC 40 fell 0.2% during the session.
Asia Pacific Markets
Asian markets closed lower on Tuesday, with Japan's Nikkei 225 falling 0.58%, Hong Kong's Hang Seng index declining 0.33%, China's Shanghai Composite falling 0.22% and India's BSE Sensex falling 0.18%.
Economics
- The FHFA house price index rose by 0.4% month-over-month in August.
- The S&P CoreLogic Case-Shiller 20-City Home Price Index climbed 1.6% year-over-year in August compared to market expectations of a 1.9% gain.
- U.S. private businesses created an average of 14,250 jobs per week during the four weeks ending on Oct. 11.
Now Read This:
Photo via Shutterstock
