Mid-Afternoon Market Update: US Stocks Gain; Sunedison Shares Tumble

Toward the end of trading Tuesday, the Dow traded up 0.08 percent to 17,637.57 while the NASDAQ gained 0.47 percent to 4,831.66. The S&P also rose, gaining 0.20 percent to 2,055.72. Leading and Lagging SectorsTuesday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Akorn, Inc. (NASDAQ: AKRX) and Athersys, Inc. (NASDAQ: ATHX). In trading on Tuesday, non-cyclical consumer goods & services shares dipped by 0.36 percent. Meanwhile, top losers in the sector included Dean Foods Co (NYSE: DF), down 11 percent, and Elizabeth Arden, Inc. (NASDAQ: RDEN), down 10 percent.Top HeadlineG-III Apparel Group, Ltd. (NASDAQ: GIII) reported downbeat Q4 results and issued a weak forecast.G-III Apparel posted quarterly earnings of $0.17 per share, on revenue of $527.4 million. However, analysts were expecting earnings of $0.42 per share on revenue of $568.6 million.G-III Apparel expects FY 2017 earnings of $2.55 to $2.65 per share, on revenue of $2.56 billion. Analysts projected earnings of $3.14 per share on revenue of $2.60 billion.Equities Trading UP Akorn, Inc. (NASDAQ: AKRX) shares shot up 41 percent to $26.45. Akorn reported preliminary FY15 earnings of $1.93 per share on revenue of $985 million. The company projects FY16 earnings of $2.10 to $2.20 per share, on revenue of $1.06 billion to $1.08 billion.Shares of Centrus Energy Corp (NYSE: LEU) got a boost, shooting up 30 percent to $3.09. Centrus Energy reported a Q4 loss of $(11.19) per share on revenue of $157.9 million. NQ Mobile Inc (ADR) (NYSE: NQ) shares were also up, gaining 14 percent to $4.37. NQ Mobile reported Q4 earnings of $0.46 per share on revenue of $127.47 million.Equities Trading DOWN G-III Apparel Group, Ltd. (NASDAQ: GIII) shares dropped 20 percent to $44.41 as the company reported downbeat Q4 results and issued a weak forecast.Shares of Mattress Firm Holding Corp (NASDAQ: MFRM) were down 10 percent to $38.61 after the company reported weaker-than-expected earnings for its fourth quarter and issued a downbeat earnings forecast. The company appointed Ken Murphy as the new president and chief executive office, while Steve Stagner was selected to perform as the executive chairman of the company and chairman of the board of directors. Sunedison Inc (NYSE: SUNE) was down, falling around 16 percent to $1.69 amid a report the company is meeting with second lien holders, according to Debtwire. "SunEdison is in negotiations with holders of its second lien loans to fund a DIP facility," two sources familiar with the matter told the outlet. The reported added that the second lien investor group includes holders of "aggregated USD 725m Libor +1000bps second lien term loans A-1 and A-2, both of which come due in 2018."CommoditiesIn commodity news, oil traded down 0.34 percent to $41.38, while gold traded up 0.10 percent to $1,245.40. Silver traded down 0.11 percent Tuesday to $15.83, while copper fell 0.15 percent to $2.29.EurozoneEuropean shares closed mostly higher today. The eurozone's STOXX 600 dropped 0.15 percent, the Spanish Ibex Index fell 0.32 percent, while Italy's FTSE MIB Index rose 0.01 percent. Meanwhile, the German DAX climbed 0.42 percent, and the French CAC 40 gained 0.09 percent, while U.K. shares rose 0.13 percent.EconomicsThe FHFA house price index rose 0.50 percent for January, versus economists' expectations for a 0.50 percent growth.The Markit manufacturing PMI gained to 51.40 in March, versus a prior reading of 51.30. However, economists were expecting a reading of 51.80.