Toward the end of trading Tuesday, the Dow traded up 0.64 percent to 26,820.96 while the NASDAQ declined 0.12 percent to 8,027.57. The S&P also rose, gaining 0.19 percent to 2,930.12.
Leading and Lagging Sectors
Tuesday afternoon, the utilities shares rose 1.47 percent. Meanwhile, top gainers in the sector included Companhia Paranaense de Energia ADR ELP up 10 percent, and Centrais Elétricas Brasileiras S.A. - Eletrobras EBR up 10 percent.
In trading on Tuesday, consumer discretionary shares fell 0.55 percent.
Top Headline
PepsiCo, Inc. PEP reported better-than-expected results for its third quarter.
PepsiCo posted quarterly adjusted earnings of $1.59 per share on sales of $16.49 billion. However, analysts were expecting earnings of $1.57 per share on sales of $16.36 billion.
Equities Trading UP
Atomera Incorporated ATOM shares shot up 12 percent to $6.1300 after licensing MST Technology to STMicroelectronics.
Shares of Pyxus International, Inc. PYX got a boost, shooting up 24 percent to $28.82 after its Canadian subsidiary, Goldleaf Pharm, received a cannabis cultivation license from Health Canada.
Clovis Oncology, Inc. CLVS shares were also up, gaining 14 percent to $33.12 after receiving Breakthrough Therapy designation from the FDA for its Rubraca (rucaparib) for the treatment of BRCA1/2-mutated metastatic castration resistant prostate cancer.
Equities Trading DOWN
Acasti Pharma Inc. ACST shares dropped 18 percent to $1.29 after the company announced it has opted to issue common shares to the holders of its outstanding convertible debentures in lieu of interest payable. In connection with this, the company has elected to issue an aggregate 23,723 common shares to the debenture holders.
Shares of Stitch Fix, Inc. SFIX were down 34 percent to $29.4001. Stitch Fix reported upbeat earnings for its fourth quarter, while sales missed estimates. The company reported 2.74 million active clients, a 25-percent year-over-year increase.
Jaguar Health, Inc. JAGX was down, falling around 25 percent to $0.6317. Jaguar Health priced its 15 million common share offering at $0.60 per share.
Commodities
In commodity news, oil traded down 0.35 percent to $75.04 while gold traded up 1.17 percent to $1,205.60.
Silver traded up 1.19 percent Tuesday to $14.68, while copper rose 0.39 to $2.7985.
Eurozone
European shares closed lower today. The eurozone’s STOXX 600 dipped 0.52 percent, the Spanish Ibex Index fell 1.08 percent, while Italy’s FTSE MIB Index declined 0.23 percent. Meanwhile the German DAX dropped 0.42 percent, and the French CAC 40 fell 0.71 percent while U.K. shares fell 0.28 percent.
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