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Toward the end of trading Tuesday, the Dow traded up 1.18% to 26,020.64 while the NASDAQ rose 1.51% to 7,843.06. The S&P also rose, gaining 1.32% to 2,882.22.
Leading and Lagging Sectors
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Information technology shares climbed 1.7% on Tuesday. Meanwhile, top gainers in the sector included Itron, Inc. (NASDAQ:ITRI), up 16%, and NeoPhotonics Corporation (NYSE:NPTN), up 29%.
In trading on Tuesday, energy shares fell 0.3%.
Top Headline
Becton Dickinson and Co (NYSE:BDX) reported better-than-expected earnings for its third quarter, while sales missed estimates.
Becton Dickinson reported quarterly earnings of $3.08 per share, which beat the analyst consensus estimate of $3.05 per share. The company posted quarterly sales of $4.35 billion, versus analysts’ estimates of $ $4.37 billion.
Equities Trading UP
EverQuote, Inc. (NASDAQ:EVER) shares shot up 49% to $19.68 after the company reported better-than-expected Q2 EPS and sales results. The company also issued Q3 and FY19 sales guidance above analyst estimates.
Shares of Adient plc (NYSE:ADNT) got a boost, shooting up 31% to $25.25 after the company announced upbeat Q3 earnings.
NeoPhotonics Corporation (NYSE:NPTN) shares were also up, gaining 29% to $5.59 after the company reported better-than-expected Q2 EPS and sales results. The company also issued Q3 EPS and sales results above analyst estimates.
Equities Trading DOWN
GreenSky, Inc. (NASDAQ:GSKY) shares tumbled 37% to $6.57 after the company reported worse-than-expected Q2 EPS and sales results and announced intent to explore strategic alternatives.
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Shares of Avid Technology, Inc. (NASDAQ:AVID) were down 35% to $6.26 after reporting downbeat Q2 results.
Dean Foods Company (NYSE:DF) was down, falling 31% to $1.15 after the company reported worse-than-expected Q2 EPS and sales results.
Commodities
In commodity news, oil traded down 2.1% to $53.54, while gold traded up 0.4% to $1,482.20.
Silver traded up 0.2% Tuesday to $16.42, while copper rose 0.8% to $2.5635.
Euro zone
European shares closed higher today. The eurozone’s STOXX 600 fell 0.47%, the Spanish Ibex Index fell 0.89%, while Italy’s FTSE MIB Index slipped 0.68%. Meanwhile, the German DAX dropped 0.78%, and the French CAC 40 fell 0.13% while UK shares fell 0.72%.
Economics
The Johnson Redbook Retail Sales Index rose 1.1% during the first week of August versus July.
The number of job openings in the US fell slightly to 7.348 million in June, versus a revised 7.384 million in the prior month, the Labor Department reported.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.