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Toward the end of trading Tuesday, the Dow traded up 0.06% to 27,926.48 while the NASDAQ rose 0.12% to 8,632.01. The S&P also rose, gaining 0.05% to 3,137.67.
Leading and Lagging Sectors
Information technology shares climbed 0.2% on Tuesday. Meanwhile, top gainers in the sector included Wrap Technologies Inc (NASDAQ:WRTC), up 8%, and GTT Communications, Inc. (NYSE:GTT), up 8%.
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In trading on Tuesday, real estate shares fell 0.6%.
Top Headline
AutoZone (NYSE:AZO) reported better-than-expected Q1 EPS and sales results.
AutoZone reported quarterly earnings of $14.3 per share, beating analysts’ estimates of $13.77 per share. Its sales came in at $2.79 billion, versus expectations of $2.77 billion. AutoZone’s Q1 same store sales increased 3.4%.
Equities Trading UP
Equillium, Inc. (NASDAQ:EQ) shares shot up 13% to $4.58 after the FDA granted fast track designation for Itolizumab for the treatment of Lupus Nephritis.
Shares of Stratus Properties Inc. (NASDAQ:STRS) got a boost, shooting up 11% to $30.50. Ryman Hospitality Properties reported the purchase of Block 21 in Austin, Texas from Stratus Properties for $275 million.
Avid Bioservices, Inc. (NASDAQ:CDMO) shares were also up, gaining 19% to $6.93 after the company reported better-than-expected Q2 EPS and sales results. First Analyst also upgraded the stock from Outperform to Strong Buy.
Equities Trading DOWN
Francesca's Holdings Corporation (NASDAQ:FRAN) shares tumbled 38% to $12.36 after the company reported Q3 EPS results down from last year and worse-than-expected Q3 sales results.
Shares of Conn's, Inc. (NASDAQ:CONN) were down 32% to $13.99 after the company reported worse-than-expected Q3 sales results. The company also issued Q4 total retail sales down 5%-9%.
Construction Partners, Inc. (NASDAQ:ROAD) was down, falling 21% to $16.35 after the company reported worse-than-expected Q4 EPS and sales results.
Commodities
In commodity news, oil traded up 0.3% to $59.17, while gold traded up 0.3% to $1,468.60.
Silver traded up 0.5% Tuesday to $16.72, while copper rose 0.2% to $2.765.
Euro zone
European shares closed mostly lower today. The eurozone’s STOXX 600 dropped 0.26%, the Spanish Ibex Index fell 0.36%, while Italy’s FTSE MIB Index rose 0.72%. Meanwhile, the German DAX dropped 0.27%, and the French CAC 40 rose 0.18% while UK shares fell 0.28%.
Economics
The Federal Open Market Committee begins its two-day policy meeting.
The NFIB small business optimism index increased to 104.7 in November, compared to 102.4 in October.
U.S. labor productivity declined by an annualized 0.2% in the third quarter, versus a preliminary estimate of a 0.3% drop. Unit labor costs increased by an annualized 2.5% during the quarter.
The Johnson Redbook Retail Sales Index rose 5% year-over -year during the first week of December.
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.