U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.16% to 38,912.92 while the NASDAQ rose 0.15% to 16,373.92. The S&P 500 also rose, gaining, 0.22% to 5,191.95.
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Leading and Lagging Sectors
Real estate shares rose by 0.7% on Tuesday.
In trading on Tuesday, consumer discretionary shares fell by 0.1%.
Top Headline
Walt Disney Co DIS reported better-than-expected second-quarter earnings.
The company reported revenue growth of 1% year-on-year to $22.08 billion, marginally missing the consensus of $22.11 billion. Adjusted EPS of $1.21 beat the consensus of $1.09.
Equities Trading UP
- Nuwellis, Inc. NUWE shares shot up 75% to $0.3002 after the company posted a narrower-than-expected quarterly loss.
- Shares of MMTec, Inc. MTC got a boost, surging 63% to $3.74.
- Golden Sun Health Technology Group Limited GSUN shares were also up, gaining 58% to $4.54. Golden Sun Health Technology Group regained compliance with Nasdaq continued listing requirement.
Equities Trading DOWN
- AgriFORCE Growing Systems Ltd. AGRI shares dropped 31% to $0.0992 after the company announced an offering of 432.5 million shares by selling stockholders.
- Shares of GreenPower Motor Company Inc. GP were down 29% to $1.2888 after the company announced a proposed public offering of common shares and warrants.
- Holdco Nuvo Group D.G Ltd NUVO was down, falling 30% to $3.67.
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Commodities
In commodity news, oil traded down 0.3% to $78.25 while gold traded down 0.4% at $2,321.80.
Silver traded down 0.4% to $27.505 on Tuesday, while copper fell 0.8% to $4.5795.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.6%, Germany's DAX rose 0.5% and France's CAC 40 gained 0.3%. Spain's IBEX 35 Index rose 0.9%, while London's FTSE 100 rose 1%.
Retail sales in the Eurozone gained by 0.8% month-over-month in March compared to a revised 0.3% fall in the prior month, while construction PMI fell to 41.9 in April from 42.4 in the eralier month.
The S&P Global UK construction PMI climbed to 53.0 in April from 50.2 in the prior month, while German construction PMI declined to 37.5 in April from 38.3 a month ago. The S&P Global France Construction PMI rose to 41.5 in April from 41 in the earlier month, while France's trade deficit shrank to €5.5 billion in March versus a revised €5.6 billion in the prior month.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei gaining 1.57%, China's Composite Index gaining 0.22%, Hong Kong's Hang Seng Index falling 0.53% and India's S&P BSE Sensex falling 0.52%.
China’s foreign exchange reserves declined by $44.83 billion to $3.201 trillion in April. The au Jibun Bank Japan services PMI fell to 54.3 versus a preliminary reading of 54.6 in April.
Economics
The Manheim Used Vehicle Value Index fell 2.3% month-over-month in April.
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