U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 0.1% on Tuesday.

The Dow traded down 0.04% to 42,564.96 while the NASDAQ climbed 0.06% to 18,199.11. The S&P 500 also rose, gaining, 0.04% to 5,770.08.

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Leading and Lagging Sectors

Communication services shares jumped by 1% on Tuesday.

In trading on Tuesday, utilities shares fell by 1.4%.

Top Headline

Core & Main Inc. (NYSE:CNM) reported weaker-than-expected earnings for its fourth quarter.

The company posted fourth-quarter earnings of 33 cents per share, missing the consensus of 36 cents. Net sales increased 17.9% year over year to $1.69 billion, almost in line with the consensus estimate of $1.67 billion.

Core & Main's CFO, will succeed LeClair as CEO. Additionally, Robyn Bradbury, Core & Main's current senior vice president of finance and investor relations, will succeed Witkowski as CFO.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 0.7% to $69.59 while gold traded up 0.7% at $3,035.70.

Silver traded up 2.7% to $34.36 on Tuesday, while copper rose 2.2% to $5.2035.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.9%, Germany's DAX 40 rose 0.8% and France's CAC 40 rose 1.1%. Spain's IBEX 35 Index rose 1.3%, while London's FTSE 100 gained 0.9%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.46%, China's Shanghai Composite Index falling 0.002%, Hong Kong's Hang Seng Index falling 2.35% and India's BSE Sensex gaining 0.04%.

Economics

• The S&P CoreLogic Case-Shiller home price index increased 4.7% year-over-year in January, versus a 4.5% increase in December, but down from market estimates of a 4.8% increase.
• The FHFA house price index rose by 0.2% in January.

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