Nasdaq Gains Over 100 Points; US Retail Sales Rise 0.2% In September
Avi Kapoor 11 months ago
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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Tuesday.
The Dow traded up 1.20% to 47,007.17 while the NASDAQ rose 0.48% to 22,980.75. The S&P 500 also rose, gaining, 0.74% to 6,754.86.
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Leading and Lagging Sectors
Health care shares jumped by 2% on Tuesday.
In trading on Tuesday, energy stocks fell by 0.9%.
Top Headline
U.S. retail sales rose by 0.2% month-over-month in September compared to a 0.6% gain in August.
Equities Trading UP
- Rubico Inc (NASDAQ:RUBI) shares shot up 45% to $0.22 after the company announced it extended its tanker charters.
- Shares of Clean Energy Technologies Inc (NASDAQ:CETY) got a boost, surging 67% to $1.79 after the company secured a $10 million battery energy storage project in New York.
- Barnes & Noble Education Inc (NYSE:BNED) shares were also up, gaining 36% to $9.11 after the company announced preliminary full-year fiscal 2025 and year-to-date fiscal 2026 unaudited financial results.
Equities Trading DOWN
- MingZhu Logistics Holdings Ltd (NASDAQ:YGMZ) shares dropped 85% to $0.16 after the company announced an $8 million registered direct offering.
- Shares of Zhihu Inc – ADR (NYSE:ZH) were down 11% to $3.57 after the company reported a year-over-year decrease in third-quarter financial results.
- Burlington Stores Inc (NYSE:BURL) was down, falling 11% to $254.28 after the company reported mixed third-quarter financial results. The company announced that its traffic to store fell off significant after the back-to-school period.
Commodities
In commodity news, oil traded down 1.8% to $57.78 while gold traded up 0.9% at $4,129.50.
Silver traded up 1% to $50.765 on Tuesday, while copper rose 2.8% to $5.1100.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.69%, while Spain's IBEX 35 Index rose 0.93%. London's FTSE 100 rose 0.57%, Germany's DAX 40 gained 0.68% and France's CAC 40 rose 0.83% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei gaining 0.07%, Hong Kong's Hang Seng gaining 0.69%, China's Shanghai Composite gaining 0.87% and India's BSE Sensex declining 0.37%.
Economics
- The S&P CoreLogic Case-Shiller Home Price Index increased 1.4% year-over-year in September, slowing for the eighth straight month.
- The FHFA house price index came in flat for September.
- U.S. producer prices gained by 0.3% month-over-month in September, following a 0.1% decline in the previous month.
- U.S. retail sales rose by 0.2% month-over-month in September compared to a 0.6% gain in August.
- U.S. business inventories came in unchanged month-over-month in August following a revised 0.1% gain in July.
- U.S. pending home sales gained by 1.9% month-over-month in October following a revised 0.1% growth in the previous month.
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