Dow Gains Over 50 Points; Chicago Fed National Activity Index Increases For November
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 0.09% to 37,418.31 while the NASDAQ rose 0.36% to 15,047.54. The S&P 500 also rose, gaining, 0.22% to 4,765.23.
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Leading and Lagging Sectors
Energy shares jumped by 0.8% on Tuesday.
In trading on Tuesday, financial shares fell by 0.1%.
Top Headline
The Chicago Fed National Activity Index increased to +0.03 in November, versus a revised reading of -0.66 in the prior month.
Equities Trading UP
ARB IOT Group Limited (NASDAQ:ARBB) shares shot up 138% to $2.24 after gaining around 18% on Friday.
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.
Volcon, Inc. (NASDAQ:VLCN) shares were also up, gaining 102% to $0.1998 after jumping around 24% on Friday.
Equities Trading DOWN
Adit EdTech Acquisition Corp. (NASDAQ:ADEX) shares dropped 32% to $3.40. Adit EdTech Acquisition announced intention to voluntarily de-list from NYSE American.
Shares of Milestone Pharmaceuticals Inc. (NASDAQ:MIST) were down 32% to $1.9550 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 23% to $0.4599. 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.
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Commodities
In commodity news, oil traded up 0.1% to $73.59 while gold traded up 0.3% at $2,074.70.
Silver traded up 0.4% to $24.66 on Tuesday while copper rose 0.4% to $3.9195.
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.
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