U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.48% to 49,678.59 while the NASDAQ rose 0.03% to 24,410.89. The S&P 500 also rose, gaining, 0.13% to 7,118.29.
Leading and Lagging Sectors
Consumer discretionary shares climbed by 0.7% on Tuesday.
In trading on Tuesday, health care stocks fell by 0.5%.
Top Headline
U.S. retail sales increased by 1.7% month-over-month in March, following a revised 0.7% growth in February and topping market estimates of 1.4%.
Equities Trading UP
- Lobo Technologies Ltd (NASDAQ:LOBO) shares shot up 90% to $1.09. LOBO announced a major upgrade to its Claw AI Agent Platform, designed for the foreign trade and manufacturing sectors.
- Shares of Local Bounti Corp (NYSE:LOCL) got a boost, surging 60% to $2.96 after gaining 22% on Monday.
- Edible Garden AG Inc (NASDAQ:EDBL) shares were also up, gaining 51% to $1.39 after the company announced that it has been awarded new distribution with Target to supply a substantial portion of its fresh cut herbs.
Equities Trading DOWN
- Sow Good Inc (NASDAQ:SOWG) shares dropped 35% to $0.16 after the company entered into definitive share purchase agreement with Ryzon Materials to acquire wholly owned Tanzanian subsidiaries of Ryzon.
- Shares of Avalon Globocare Corp (NASDAQ:ALBT) were down 23% to $0.38. Avalon GloboCare announced that its subsidiary, Avalon Quantum AI LLC, is collaborating with Amazon Web Services to support Phase 2 development of its Catch-Up agentic AI video platform.
- Clearmind Medicine Inc (NASDAQ:CMND) was down, falling 21% to $0.89.
Commodities
In commodity news, oil traded down 0.1% to $89.51 while gold traded down 0.7% at $4,795.40.
Silver traded down 1.6% to $78.79 on Tuesday, while copper fell 0.1% to $6.0415.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 declined 0.2%, while Spain's IBEX 35 Index rose 0.3%. London's FTSE 100 fell 0.3%, Germany's DAX gained 0.2% and France's CAC 40 declined 0.3% during the session.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.89%, China's Shanghai Composite climbing 0.07%, Hong Kong's Hang Seng Index rising 0.48% and India's BSE Sensex gaining 0.96%.
Economics
- U.S. retail sales increased by 1.7% month-over-month in March, following a revised 0.7% growth in February and topping market estimates of 1.4%.
- The ADP Research Institute said U.S. private employers added an average of 54,750 jobs per week during the four weeks ending April 4.
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