U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 300 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.68% to 49,275.18 while the NASDAQ rose 0.97% to 25,310.87. The S&P 500 also rose, gaining, 0.80% to 7,258.02.
Leading and Lagging Sectors
Materials shares jumped by 1.8% on Tuesday.
In trading on Tuesday, real estate stocks fell by 0.2%.
Top Headline
Pfizer (NYSE:PFE) reported upbeat earnings for the first quarter on Tuesday.
The company posted quarterly earnings of 75 cents per share which beat the analyst consensus estimate of 72 cents per share. The company reported quarterly sales of $14.451 billion which beat the analyst consensus estimate of $13.785 billion.
Equities Trading UP
- Sadot Group Inc (NASDAQ:SDOT) shares shot up 113% to $0.55.
- Shares of Cellectar Biosciences Inc (NASDAQ:CLRB) got a boost, surging 23% to $3.48 as the company announced promising results from its Phase 2b CLOVER WaM clinical trial.
- Backblaze Inc (NASDAQ:BLZE) shares were also up, gaining 58% to $7.33 after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance above estimates.
Equities Trading DOWN
- GeneDx Holdings Corp (NASDAQ:WGS) shares dropped 49% to $34.81 after the company reported worse-than-expected first-quarter financial results.
- Shares of Embecta Corp (NASDAQ:EMBC) were down 54% to $4.30 after the company reported worse-than-expected second-quarter financial results and cut its FY26 guidance below estimates.
- SKK Holdings Ltd (NASDAQ:SKK) was down, falling 56% to $5.33. SKK Holdings filed $250 million mixed securities shelf.
Commodities
In commodity news, oil traded down 4.2% to $101.99 while gold traded up 1.3% at $4,592.20.
Silver traded up 0.9% to $74.115 on Tuesday, while copper rose 2.7% to $6.0060.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 1.6%. London's FTSE 100 fell 1.5%, Germany's DAX gained 1.6%, while France's CAC 40 gained 0.9%.
Asia Pacific Markets
Asian markets closed lower on Tuesday, with Hong Kong's Hang Seng Index falling 0.76% and India's BSE Sensex falling 0.33%
Economics
- Sales of new single-family homes climbed 7.4% month-over-month to 682,000 in March, up from 635,000 in February.
- The ISM services PMI fell to 53.6 in April from 54 in the previous month.
- Job openings declined by 56,000 to 6.866 million in March.
- The S&P Global composite PMI was revised lower to 51.7 in April versus a preliminary reading of 52.0.
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