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Toward the end of trading Tuesday, the Dow traded down 0.05% to 28,893.91 while the NASDAQ fell 0.34% to 9,242.31. The S&P also fell, dropping 0.28% to 3,278.76.
Leading and Lagging Sectors
Industrial shares climbed 0.5% on Tuesday. Meanwhile, top gainers in the sector included US Xpress Enterprises Inc (NYSE:USX), up 8%, and Bloom Energy Corp (NYSE:BE), up 9%.
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In trading on Tuesday, real estate shares fell 0.6%.
Top Headline
JPMorgan Chase & Co. (NYSE:JPM) reported better-than-expected results for its fourth quarter on Tuesday.
JPMorgan reported earnings of $2.57 per share, which beat the analyst consensus estimate of $2.35. The company reported fourth-quarterly sales of $28.3 billion, which beat the analyst consensus estimate of $27.96 billion
Equities Trading UP
RTI Surgical Holdings, Inc. (NASDAQ:RTIX) shares shot up 68% to $4.65 after the company announced it will sell its OEM Business for $490 million. The company also issued preliminary Q4 and FY19 sales guidance above analyst estimates.
Shares of XBiotech Inc. (NASDAQ:XBIT) got a boost, shooting up 32% to $24.66 after the company announced it has commenced a tender offer to purchase up to $420 million of its common shares.
IRIDEX Corporation (NASDAQ:IRIX) shares were also up, gaining 50% to $3.55 after the company reported strong preliminary sales for the fourth quarter and full year 2019.
Equities Trading DOWN
Stemline Therapeutics, Inc. (NASDAQ:STML) shares tumbled 33% to $6.29. Stemline Therapeutics announced preliminary results for 2019 and said it expects Elzonris net revenue of $43.2 million for the full year and $11.8 million for the fourth quarter. Analysts, on average, are forecasting revenue of $15.06 million for the fourth quarter and $46.44 million for the full year..
Shares of CounterPath Corporation (NASDAQ:CPAH) were down 21% to $2.6660 after dropping 14.03% on Monday.
GameStop Corp. (NYSE:GME) was down, falling 11% to $4.85 after the company reported holiday sales were down 27.5% year-over-year and comparable sales were down 24.7% year-over-year.
Commodities
In commodity news, oil traded up 0.6% to $58.41, while gold traded down 0.4% to $1,544.00.
Silver traded down 1.2% Tuesday to $17.775, while copper rose 0.4% to $2.871.
Euro zone
European shares closed mostly higher today. The eurozone’s STOXX 600 gained 0.29%, the Spanish Ibex Index fell 0.16%, while Italy’s FTSE MIB Index climbed 0.13% Meanwhile, the German DAX gained 0.04%, and the French CAC 40 rose 0.08% while UK shares rose 0.06%.
Economics
The NFIB small business optimism index dropped to 102.7 in December, versus a reading of 104.7 in November.
The Consumer Price Index rose 0.2% for December, versus economists’ expectations for a 0.2% increase.
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.