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
Information technology shares climbed 1.7% on Tuesday. Meanwhile, top gainers in the sector included Itron, Inc. ITRI, up 16%, and NeoPhotonics Corporation NPTN, up 29%.
In trading on Tuesday, energy shares fell 0.3%.
Top Headline
Becton Dickinson and Co 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. 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 ADNT got a boost, shooting up 31% to $25.25 after the company announced upbeat Q3 earnings.
NeoPhotonics Corporation 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. 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.
Shares of Avid Technology, Inc. AVID were down 35% to $6.26 after reporting downbeat Q2 results.
Dean Foods Company 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.
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