U.S. stocks traded mixed this morning, with the Dow Jones gaining more than 250 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.61% to 46,729.44 while the NASDAQ fell 0.28% to 22,808.72. The S&P 500 also rose, gaining, 0.08% to 6,710.34.
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Leading and Lagging Sectors
Communication services shares jumped by 1.4% on Tuesday.
In trading on Tuesday, information technology stocks fell by 1.1%.
Top Headline
Alibaba Group Holding (NYSE:BABA) reported revenue and earnings that exceeded analyst expectations.
The company posted quarterly revenue of $34.81 billion, up 5% year-over-year, surpassing the analyst consensus estimate of $34.43 billion.
The adjusted earnings per American Depositary Share (ADS) came in at 61 cents, topping the analyst consensus estimate of 49 cents.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 2.1% to $57.59 while gold traded up 1.1% at $4,140.50.
Silver traded up 1.7% to $51.185 on Tuesday, while copper rose 3.8% to $5.1545.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 rose 0.5%, Germany's DAX 40 gained 0.7% and France's CAC 40 rose 0.6% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei gaining 0.07%, Hong Kong's Hang Seng gaining 0.69%, China's Shanghai Composite gaining 0.87% and India's BSE Sensex declining 0.37%.
Economics
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