Crude Oil Rises Over 3%; US Home Prices Increase In October
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Tuesday.
The Dow traded up 0.34% to 37,511.87 while the NASDAQ rose 0.43% to 15,057.13. The S&P 500 also rose, gaining, 0.34% to 4,770.79.
Check This Out: Top 3 Tech And Telecom Stocks That Could Blast Off In December
Leading and Lagging Sectors
Energy shares jumped by 0.8% on Tuesday.
In trading on Tuesday, health care shares fell by 0.1%.
Top Headline
The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.9% year-over-year in October, recording the largest surge since Nov. 2022.
Equities Trading UP
Gracell Biotechnologies Inc. (NASDAQ:GRCL) shares shot up 59% to $9.88. AstraZeneca Plc (NASDAQ:AZN) agreed to acquire Gracell Biotechnologies, further strengthening AstraZeneca's cell therapy portfolio.
Shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) got a boost, surging 93% to $2.31 after the company announced 95% accuracy results for HYLA blood sensor.
Stratasys Ltd. (NASDAQ:SSYS) shares were also up, gaining 11% to $14.51 after the company confirmed that it received a preliminary proposal from Nano Dimension to purchase all of its outstanding shares at $16.50 per share in cash.
Equities Trading DOWN
Adit EdTech Acquisition Corp. (NASDAQ:ADEX) shares dropped 18% to $4.1001. Adit EdTech Acquisition announced intention to voluntarily de-list from NYSE American.
Shares of Milestone Pharmaceuticals Inc. (NASDAQ:MIST) were down 34% to $1.9050 after the company announced that it received a Refusal to File letter from the FDA for the New Drug Application for self-administered etripamil nasal spray for the treatment of paroxysmal supraventricular tachycardia.
Oncternal Therapeutics, Inc. (NASDAQ:ONCT) was down, falling 12% to $0.5281. Oncternal Therapeutics updated the status of its Phase 1/2 study of ONCT-808, a ROR1-targeting autologous CAR T, in patients with relapsed or refractory aggressive B-cell lymphoma.
Also Check This Out: Beat Inflation With These 3 High-Yielding Dividend Stocks In Energy Sector From Wall Street's Most Accurate Analysts
Commodities
In commodity news, oil traded up 3.3% to $76.02 while gold traded up 0.1% at $2,070.10.
Silver traded down 0.3% to $24.495 on Tuesday while copper rose 0.4% to $3.9190.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.16%, and China’s Shanghai Composite Index falling 0.68%. India’s S&P BSE Sensex, meanwhile, rose 0.32%.
India's current account deficit shrank to $8.3 billion in the July-September quarter from $30.9 billion in the year-ago quarter. Japan’s unemployment rate came in unchanged at 2.5% in November.
Economics
The Chicago Fed National Activity Index increased to +0.03 in November, versus a revised reading of -0.66 in the prior month.
The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.9% year-over-year in October, recording the largest surge since Nov. 2022.
The FHFA house price index rose by 0.3% from the prior month in October.
Now Read This: How To Earn $500 A Month From Nike Stock Following Quarterly Report