Dow Surges Over 50 Points; Disney Earnings Top Views
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 (NYSE: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. (NASDAQ:NUWE) shares shot up 75% to $0.3002 after the company posted a narrower-than-expected quarterly loss.
- Shares of MMTec, Inc. (NASDAQ:MTC) got a boost, surging 63% to $3.74.
- Golden Sun Health Technology Group Limited (NASDAQ: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. (NASDAQ: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. (NASDAQ: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 (NASDAQ: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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