Mid-Morning Market Update: Markets Mostly Higher; Digital Turbine Reports Multi-Year Collaboration With Google

Following the market opening Tuesday, the Dow traded up 0.48% to 36,476.04 while the NASDAQ fell 0.13% to 15,850.57. The S&P also rose, gaining 0.10% to 4,795.90.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 53,791,850 cases with around 839,600 deaths. India confirmed a total of at least 34,799,690 cases and 480,290 deaths, while Brazil reported over 22,246,270 COVID-19 cases with 618,570 deaths. In total, there were at least 281,959,850 cases of COVID-19 worldwide with more than 5,425,280 deaths.

Leading and Lagging Sectors

Financials shares climbed 0.6% on Tuesday. Meanwhile, top gainers in the sector included CNFinance Holdings Limited CNF, up 4% and Banco BBVA Argentina S.A. BBAR up 5%.

In trading on Tuesday, information technology shares fell 0.4%.

Top Headline

Digital Turbine Inc APPS forged a multi-year strategic partnership with Alphabet Inc's GOOGL Google. The financial terms were not disclosed

Equities Trading UP

Insignia Systems, Inc. ISIG shares shot up 60% to $18.50 as traders circulated a social media post on a potential short squeeze.

Shares of Reliance Global Group, Inc. RELI got a boost, shooting 25% to $6.63. Reliance Global Group, last week, reported pricing of $20.0 million private placement with institutional investors.

BiondVax Pharmaceuticals Ltd. BVXV shares were also up, gaining 16% to $2.7001. The company announced the former GSK global vaccines CFO joined the BiondVax Board of Directors.

Check out these big movers of the day

Equities Trading DOWN

Microbot Medical Inc. MBOT shares tumbled 17% to $7.45. Microbot Medical shares jumped 65% on Monday after the company announced a strategic collaboration with Stryker Corporation to develop the LIBERTY robotic system for neurovascular applications.

Shares of Nxt-ID, Inc. NXTD were down 16% to $3.9599 after climbing around 18% on Monday.

Biofrontera Inc. BFRI was down, falling 17% to $9.52.


In commodity news, oil traded up 1.3% to $76.57, while gold traded up 0.5% to $1,818.50.

Silver traded up 0.9% Tuesday to $23.185 while copper fell 0.4% to $4.4555.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.5%, the Spanish Ibex Index surged 0.6% and the German DAX 40 gained 0.7%. Meanwhile, the French CAC 40 climbed 0.5% and Italy’s FTSE MIB gained 0.7%.

Spain's retail trade climbed 4.9% year-over-year in November.


The S&P CoreLogic Case-Shiller 20-city home price index surged 18.4% year-over-year in October.

The FHFA's house price index rose 1.1% from a month ago in October.

The Treasury is set to auction 52-week bills at 11:30 a.m. ET.

Data on money supply for November will be released at 1:00 p.m. ET.

The Treasury will auction 5-year notes at 1:00 p.m. ET.

Check out the full economic calendar here

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Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday UpdateMarketsMid-Morning Market Update