Nasdaq Gains Over 50 Points; US Durable Goods Orders Rise In February
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 50 points on Tuesday.
The Dow traded up 0.08% to 39,346.40 while the NASDAQ rose 0.39% to 16,448.92. The S&P 500 also fell, dropping, 0.23% to 5,230.19.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.7% on Monday.
In trading on Monday, energy shares fell by 0.2%.
Top Headline
U.S. durable goods orders increased by 1.4% month-over-month in February versus a revised 6.9% decline in January.
Equities Trading UP
Stoke Therapeutics, Inc. (NASDAQ:STOK) shares shot up 74% to $11.31 after the company announced Phase 1/2a data supporting the potential for STK-001 in Dravet syndrome.
Shares of C3is Inc. (NASDAQ:CISS) got a boost, surging 67% to $0.0587 after the company reported a year-over-year increase in fourth-quarter financial results.
OpGen, Inc. (NASDAQ:OPGN) shares were also up, gaining 48% to $0.7021 after the company entered into a securities purchase agreement with a private investor, David Lazar, to acquire 3 million shares of Series E Convertible Preferred Stock at $1.00 per share for aggregate gross proceeds of $3.0 million.
Equities Trading DOWN
NeuBase Therapeutics, Inc. (NASDAQ:NBSE) shares dropped 48% to $0.5152 after declining around 3% on Monday.
Shares of Quhuo Limited (NASDAQ:QH) were down 46% to $0.68.
AppTech Payments Corp. (NASDAQ:APCX) was down, falling 40% to $0.99 after the company priced its 2 million share offering at $1 per share.
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Commodities
In commodity news, oil traded up 1.7% to $81.98 while gold traded up 0.9% at $ 2,196.70.
Silver traded up 0.4% to $24.98 on Monday, while copper fell 0.1% to $4.0145.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 Index rose 0.3% The German DAX rose 0.7% French CAC 40 rose 0.2% while Italy’s FTSE MIB Index rose 0.3%.
The GfK Consumer Climate Indicator for Germany rose to -27.4 heading into April compared to a revised reading of -28.8 in the prior period. Spanish economy grew 0.6% in the fourth quarter, compared to a 0.4% increase in the prior period.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 falling 0.04%, Hong Kong’s Hang Seng Index gaining 0.88%, China’s Shanghai Composite Index gaining 0.17% and India’s S&P BSE Sensex falling 0.50%.
Hong Kong’s trade deficit narrowed to $41.7 billion in February versus a $45.4 billion gap recorded in the year-ago period.
Economics
U.S. durable goods orders increased by 1.4% month-over-month in February versus a revised 6.9% decline in January.
The S&P CoreLogic Case-Shiller 20-city home price index increased by 6.6% year-over-year in January compared to a 6.2% gain in the prior month.
The FHFA house price index fell by 0.1% in January.
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