Dow Rises Over 100 Points; Goldman Sachs Posts Upbeat Earnings

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.28% to 51,993.38 while the NASDAQ fell 0.06% to 27,228.78. The S&P 500 also rose, gaining, 0.01% to 7,808.41.

Leading and Lagging Sectors

Communication services shares jumped by 1.5% on Tuesday.

In trading on Tuesday, health care stocks fell by 1%.

Top Headline

The Goldman Sachs Group, Inc (NYSE:GS) reported upbeat earnings for the third quarter.

The company posted quarterly earnings of $17.01 per share which beat the analyst consensus estimate of $13.08 per share. The company reported quarterly sales of $18.679 billion which beat the analyst consensus estimate of $16.705 billion.

Equities Trading UP
           

• JBDI Holdings Ltd (NASDAQ:JBDI) shares shot up 141% to $2.41.
• Shares of BIO-Key International Inc (NASDAQ:BKYI) got a boost, surging 108% to $3.44 after the company announced Middle East government security agency has selected BIO-key’s Multi-Factor Authentication and Single Sign-On platform to strengthen its identity security.
• Fly-E Group Inc (NASDAQ:FLYE) shares were also up, gaining 93% to $3.95.

Equities Trading DOWN

• WF Holding Ltd (NASDAQ:WFF) shares dipped 48% to $8.97.
• Shares of DarkIris Inc (NASDAQ:DKI) were down 48% to $0.074 after tumbling 58% on Monday.
• SmartKem Inc (NASDAQ:SMTK) was down, falling 43% to $0.60 after declining 9% on Monday.

Commodities 

In commodity news, oil traded down 0.7% to $93.12 while gold traded up 0.3% at $4,203.00.

Silver traded down 0.5% to $60.195 on Tuesday, while copper fell 0.1% to $6.7425.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.2%, while Spain’s IBEX 35 Index slipped 0.1%, London’s FTSE 100 rose 0.5%, Germany’s DAX gained 0.1%, while France’s CAC 40 gained 0.1%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 falling 1.82%, Hong Kong’s Hang Seng Index gaining 0.30%, China’s SSE Composite Index rising 0.1% and India’s BSE Sensex surging 1.54%.

Economics

The U.S. NFIB small business optimism index fell to 97.9 in September, recording the lowest level in three months, and compared to 98.7 in August.

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