U.S. stocks traded mostly higher midway through trading, with the S&P 500 gaining around 0.5% on Tuesday.
The Dow traded down 0.05% to 52,333.56 while the NASDAQ climbed 1.09% to 26,455.07. The S&P 500 also rose, gaining, 0.51% to 7,716.06.
Leading and Lagging Sectors
Information technology shares jumped by 0.6% on Tuesday.
In trading on Tuesday, energy stocks fell by 1.5%.
Top Headline
Corning Incorporated (NYSE:GLW) reported upbeat earnings for the third quarter.
The company posted quarterly earnings of 91 cents per share which beat the analyst consensus estimate of 88 cents per share. The company reported quarterly sales of $5.081 billion which beat the analyst consensus estimate of $5.028 billion.
Equities Trading UP
- MidCap Financial Investment Corp (NASDAQ:MFIC) shares shot up 23% to $10.30 after the company announced it will be acquired by Ares Capital.
- Shares of Kiniksa Pharmaceuticals International, PLC (NASDAQ:KNSA) got a boost, surging 18% to $85.86 after the company reported better-than-expected third-quarter financial results and raised its FY26 sales guidance above estimates.
- JetBlue Airways Corp (NASDAQ:JBLU) shares were also up, gaining 20% to $2.84 after the company reported third-quarter financial results. The company expects further margin expansion in the fourth quarter.
Equities Trading DOWN
- Artiva Biotherapeutics Inc (NASDAQ:ARTV) shares dipped 33% to $4.10 after the company announced it will halt further developments of AlloNK. The company announced it is evaluating strategic alternatives and is reducing its workforce by approximately 94%.
- Shares of Innodata Inc (NASDAQ:INOD) were down 22% to $46.91 following reports suggesting the company laid off employees in India and the Philippines.
- Clearwater Paper Corp (NYSE:CLW) was down, falling 22% to $15.00 after the company reported worse-than-expected third-quarter financial results.
Commodities
In commodity news, oil traded down 1.5% to $100.19 while gold traded up 0.9% at $4,074.00.
Silver traded up 0.4% to $54.56 on Tuesday, while copper rose 0.1% to $6.6040.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 slipped 0.1%, while Spain’s IBEX 35 Index slipped 0.1%, London’s FTSE 100 dipped 1%, Germany’s DAX gained 0.2%, while France’s CAC 40 rose 0.2%.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 surging 1.73%, Hong Kong’s Hang Seng index falling 0.73%, China’s SSE Composite Index declining 1.33% and India’s BSE Sensex slipping 0.01%.
Economics
- The S&P Cotality Case-Shiller Home Price Index increased 2.7% year-over-year in August, topping market estimates of 2.5%.
- The FHFA house price index rose 0.3% month-over-month in August.
- U.S. durable goods orders rose 1.8% month-over-month in September, versus a revised 0.1% gain in the previous month.
- U.S. building permits declined 0.4% month-over-month to an annual rate of 1.398 million in September.
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