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Following the market opening Tuesday, the Dow traded up 1.47% to 28817.41 while the NASDAQ rose 1.44% to 9407.15. The S&P also rose, gaining 1.38% to 3,293.85.
Leading and Lagging Sectors
Health care shares climbed 2% on Tuesday. Meanwhile, top gainers in the sector included Phibro Animal Health Corporation (NASDAQ:PAHC), up 8%, and Sundial Growers Inc. (NASDAQ:SNDL), up 13%.
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In trading on Tuesday, communication services shares fell 0.4%.
Top Headline
On Monday, Alphabet Inc (NASDAQ:GOOGL) reported better-than-expected earnings for its fourth quarter, while sales missed estimates.
Alphabet reported quarterly earnings of $15.35 per share, which beat the analyst consensus estimate of $12.53. The company reported quarterly sales of $46.075 billion, which missed the analyst consensus estimate of $46.94 billion.
Equities Trading UP
Myomo, Inc. (NYSE:MYO) shares shot up 93% to $11.67 after the company's MyoPro was approved for reimbursement by German health insurer BARMER.
Shares of CLPS Incorporation (NASDAQ:CLPS) got a boost, shooting up 22% to $3.71 after the company reported establishment of new company, Qinson Credit Card Services, to cater to credit card service demands of financial industry.
Allot Ltd. (NASDAQ:ALLT) shares were also up, gaining 21% to $11.72 after the company reported upbeat Q4 results.
Equities Trading DOWN
Aethlon Medical, Inc. (NASDAQ:AEMD) shares tumbled 23% to $2.68 after falling 20.1% on Monday.
Shares of EZCORP, Inc. (NASDAQ:EZPW) were down 23% to $5.18 after reporting weak Q1 results.
Lianluo Smart Limited (NASDAQ:LLIT) was down, falling 20% to $1.71 after declining 26.1% on Monday.
Commodities
In commodity news, oil traded up 1.1% to $50.66, while gold traded down 0.6% to $1,573.70.
Silver traded up 0.2% Tuesday to $17.71, while copper rose 2% to $2.558.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 1.1%, the Spanish Ibex Index rose 1.3%, while Italy’s FTSE MIB Index rose 1.5% Meanwhile, the German DAX gained 1.2%, and the French CAC 40 rose 1.3% while UK shares rose 1.3%.
Economics
The Johnson Redbook Retail Sales Index rose 5.7% year-over-year for the week ended February 1.
U.S. factory orders rose 1.8% in December, versus a revised 1.2% fall in November.
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.