Skip to main content

Market Overview

Mid-Afternoon Market Update: Crude Oil Down 1.5%; Reata Pharmaceuticals Shares Spike Higher

Share:

Toward the end of trading Tuesday, the Dow traded up 1.02% to 27061.58 while the NASDAQ rose 1.32% to 8154.54. The S&P also rose, gaining 1.13% to 2,999.59.

Leading and Lagging Sectors

Health Care shares climbed 1.9% on Tuesday. Meanwhile, top gainers in the sector included Relmada Therapeutics, Inc. (NASDAQ: RLMD), up 136%, and Reata Pharmaceuticals, Inc. (NASDAQ: RETA), up 57%.

In trading on Tuesday, consumer staples shares fell 0.4%.

Top Headline

JPMorgan Chase & Co. (NYSE: JPM) reported upbeat earnings for its third quarter.

JPMorgan reported Q3 earnings of $2.68 per share, beating estimates of $2.45 per share. The company reported sales of $29.3 billion, versus expectations of $28.49 billion.

Equities Trading UP

Westwater Resources, Inc. (NASDAQ: WWR) shares shot up 71% to $5.05 after the company reported receipt of first shipment of graphite concentrate.

Shares of Relmada Therapeutics, Inc. (NASDAQ: RLMD) surged 136% to $26.40 following a positive clinical readout from the company. New York-based Relmada released top-line data from a Phase 2 study that evaluated its REL-1017-202, chemically dextromethadone, in 25mg once a day and 50mg daily doses as an adjunctive treatment in patients with treatment-resistant depression, or TRD.

Reata Pharmaceuticals, Inc. (NASDAQ: RETA) was up, rising 57% to $157.76 after the company announced the results from the moxie registrational trial of omaveloxolone in patient's with friedreich's ataxia met the primary endpoint.

Equities Trading DOWN

Synthesis Energy Systems, Inc. (NASDAQ: SES) shares tumbled 52% to $9.43.

Shares of NF Energy Saving Corporation (NASDAQ: BIMI) were down 36% to $5.78 after surging 516.44% on Monday.

Yuma Energy, Inc. (NYSE: YUMA) was down, falling 20% to $3.64.

Commodities

In commodity news, oil traded down 1.5% to $52.81, while gold traded down 0.8% to $1,485.30.

Silver traded down 1.5% Tuesday to $17.44, while copper fell 0.9% to $2.61.

Euro zone

European shares closed mostly higher today. The eurozone’s STOXX 600 rose 1.11%, the Spanish Ibex Index rose 1.19%, while Italy’s FTSE MIB Index climbed 1.21%. Meanwhile, the German DAX gained 1.15%, and the French CAC 40 rose 1.05% while UK shares fell 0.03%

Economics

San Francisco Federal Reserve Bank President Mary Daly will speak in Los Angeles, California at 3:30 p.m. ET.

 

Related Articles (JPM + BIMI)

View Comments and Join the Discussion!

Posted-In: Mid-Afternoon Market UpdateEarnings News Eurozone Commodities Global Intraday Update Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com