U.S. stocks traded mixed this morning, with the Dow Jones falling more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.22% to 51,867.75 while the NASDAQ climbed 1.08% to 25,434.90. The S&P 500 also rose, gaining, 0.60% to 7,585.76.
Leading and Lagging Sectors
Information technology shares jumped by 1.6% on Tuesday.
In trading on Tuesday, consumer staples stocks fell by 1.4%.
Top Headline
Shares of Apple Inc. (NASDAQ:AAPL) fell around 2% on Tuesday after the company reported upbeat earnings and revenue for the fourth quarter of fiscal 2026, but sees a decline in gross margin for the holiday quarter.
Apple posted fiscal fourth-quarter revenue of $114.48 billion, beating analyst estimates of $113.39 billion. The Cupertino-based company reported earnings of $2.10 per share for the quarter, beating estimates of $1.98 per share, according to Benzinga Pro.
Equities Trading UP
- Parabolic Technologies, Inc. (NASDAQ:PARA) shares shot up 186% to $4.7895 after dipping over 46% on Monday.
- Shares of Rising Dragon Acquisition Corp. (NASDAQ:RDAC) got a boost, surging 117% to $11.05 after the company announced it terminated its merger with HZJL Cayman.
- Mercer International Inc. (NASDAQ:MERC) shares were also up, gaining 93% to $0.2451 after the company announced it reached a recapitalization deal.
Equities Trading DOWN
- Cenntro Inc. (NASDAQ:CENN) shares dipped 82% to $0.3564. Cenntro announced deliveries of LS450 electric trucks in the US under government incentive programs that support commercial fleet electrification.
- Shares of Abits Group Inc (NASDAQ:ABTS) were down 60% to $0.4242. The company announced a strategy to pursue opportunities in AI infrastructure and high-performance computing hosting.
- VCI Global Limited (NASDAQ:VCIG) was down, falling 44% to $4.61 after jumping 168% on Monday.
Commodities
In commodity news, oil traded down 2% to $94.51 while gold traded down 0.1% at $3,966.00.
Silver traded down 1.3% to $50.235 on Tuesday, while copper fell 1.9% to $6.4415.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.2%, while Spain’s IBEX 35 Index rose 0.2%, London’s FTSE 100 fell 0.4%, Germany’s DAX gained 0.1%, while France’s CAC 40 rose 0.5%.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Hong Kong’s Hang Seng index gaining 0.57%, China’s SSE Composite Index falling 0.82% and India’s BSE Sensex gaining 1.62%.
Economics
- The RealClearMarkets/TIPP Economic Optimism Index climbed to 48.5 in November from 46.8 in the prior month.
- The US Logistics Managers’ Index rose to 70.7 in October from 70.2 in the previous month.
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