Nasdaq Turns Positive; Crude Oil Moves Higher

U.S. stocks pared losses midway through trading, with the S&P 500 and Nasdaq Composite turning higher on Tuesday.

The Dow traded down 0.37% to 32,676.26 while the NASDAQ rose 0.26% to 12,401.57. The S&P also rose, gaining, 0.03% to 4,119.76.

Also check this: Bitcoin Declines Below This Major Level, Here Are The Top Crypto Movers For Tuesday

Leading and Lagging Sectors

Utilities shares climbed 0.6% on Tuesday. Meanwhile, top gainers in the sector included Otter Tail Corporation OTTR, up 11% and Star Group, L.P. SGU up 3.5%.

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

Top Headline

Caterpillar Inc CAT reported second-quarter FY22 sales and revenue growth of 11% year-over-year to $14.25 billion, missing the consensus of $14.38 billion. Adjusted EPS was $3.18, beating the consensus of $3.01.

Equities Trading UP

AMTD IDEA Group AMTD shares shot up 285% to $8.00 after jumping 18% on Monday. The company owns 90%+ of AMTD Digital.

Shares of Berkshire Grey, Inc. BGRY got a boost, shooting 28% to $2.2869 after the company announced an expansion of its relationship with FedEx. The company has also granted FedEx a warrant to purchase common stock which vests incrementally.

Applied DNA Sciences, Inc. APDN shares were also up, gaining 175% to $1.93 after the company initiated analytical validation of a Company-developed, PCR-based monkeypox virus test that is specific for the genetic signature of the monkeypox virus.

Equities Trading DOWN

Phathom Pharmaceuticals, Inc. PHAT shares tumbled 27% to $6.64 after the company posted a wider Q2 loss.

Shares of Ontrak, Inc. OTRK were down 45% to $0.7492 after the company announced a registered direct offering for aggregate gross proceeds of $4 million. The company is scheduled to report Q2 results on August 9.

DZS Inc. DZSI was down, falling 23% to $15.10 after the company reported worse-than-expected Q2 results.

Also check out: Market Volatility Increases As U.S. Stocks Settle Lower After Recording Biggest Monthly Gains Since 2020


In commodity news, oil traded up 0.6% to $94.49, while gold traded up 0.5% to $1,796.40.

Silver traded down 0.6% to $20.24 on Tuesday while copper fell 0.8% to $3.5135.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.31%, London’s FTSE 100 fell 0.04% while Spain’s IBEX 35 Index rose 0.29%. The German DAX slipped 0.28%, French CAC 40 fell 0.42% and Italy’s FTSE MIB Index fell 0.26%.

The Nationwide House Price Index in the UK surged 11.0% year-over-year in July, higher than 10.7% in the previous month.



The number of job openings dropped by 605,000 from a month ago to 10.7 million in June, the lowest in nine months. However, analysts were expecting a reading of 11 million.

Check out this: Fear Among US Investors Is Increasing, Here's Why

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 93,225,110 cases with around 1,055,570 deaths. India confirmed a total of at least 44,050,000 cases and 526,430 deaths, while France reported over 33,866,820 COVID-19 cases with 152,170 deaths. In total, there were at least 583,309,090 cases of COVID-19 worldwide with more than 6,422,510 deaths.

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday UpdateMarketsMid-Day Market Update
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!