U.S. stocks traded higher today, with the Nasdaq Composite getting around 250 points on Monday.
The Dow traded down 0.20% to 42,323.48 while the NASDAQ acquired 1.34% to 18,958.85. The S&P 500 likewise increased, getting, 0.76% to 5,888.84.
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Leading and Lagging Sectors
Infotech shares leapt by 1.6% on Tuesday.
In trading on Tuesday, healthcare stocks fell by 2%.
Leading Heading
Under Armour UAA reported better-than-expected sales for its 4th quarter on Tuesday.
The business published quarterly losses of 8 cents per share which satisfied the expert agreement price quote. The business reported quarterly sales of $1.18 billion which beat the expert agreement price quote of $1.16 billion.
Equities Trading UP
- HCW Biologics Inc. HCWB shares soared 159% to $13.72 after the business revealed it provided research studies on HCW9206.
- Shares of iCoreConnect Inc. ICCT got an increase, rising 174% to $4.00.
- Lobo EV Technologies Ltd. LOBO shares were likewise up, getting 124% to $1.6492 after the business released a year-over-year boost in its FY25 income assistance.
Equities Trading DOWN
- Polyrizon Ltd. PLRZ shares dropped 90% to $0.0330. Polyrizon introduced preclinical research studies for intranasal benzodiazepines targeting $3.15 billion severe seizure market.
- Shares of Affimed N.V. AFMD were down 80% to $0.1401 after Leerink Partners reduced the stock from Outperform to Market Perform and cut its rate target from $5 to $0.39.
- DevvStream Corp. DEVS was down, falling 59% to $0.5308.
Products
In product news, oil traded up 1.8% to $63.04 while gold traded up 0.3% at $3,238.90.
Silver traded up 0.6% to $32.825 on Tuesday, while copper increased 1.4% to $4.6860.
Euro zone
European shares were primarily greater today. The eurozone’s STOXX 600 acquired 0.1%, while Spain’s IBEX 35 Index increased 0.9%. London’s FTSE 100 fell 0.1%, Germany’s DAX 40 acquired 0.2% and France’s CAC 40 acquired 0.2% throughout the session.
Asia Pacific Markets
Asian markets closed primarily greater on Tuesday, with Japan’s Nikkei getting 1.43%, Hong Kong’s Hang Seng Index dipping 1.87%, China’s Shanghai Composite Index getting 0.17% and India’s BSE Sensex falling 1.55%.
Economics
The yearly inflation rate in the United States slowed to 2.3% in April from 2.4% in the previous month and versus market quotes of 2.4%.
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