U.S. stocks pared some losses midway through trading, with the Dow Jones gaining more than 100 points on Tuesday.

The Dow traded up 0.51% to 29,350.50 while the NASDAQ fell 0.59% to 10,480.20. The S&P 500 also fell, dropping, 0.26% to 3,603.05.

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Leading and Lagging Sectors

Consumer staples shares rose by 1.4% on Tuesday. Leading the sector was strength from e.l.f. Beauty, Inc. (NYSE:ELF) and Rite Aid Corporation (NYSE:RAD).

In trading on Tuesday, information technology shares dipped by 1%.

Top Headline

ForgeRock, Inc. (NYSE:FORG) announced it will be acquired by Thoma Bravo for $2.3 billion.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 1.9% to $89.38, while gold traded up 0.2% at $1,678.10.

Silver traded down 1.1% to $19.405 on Tuesday while copper fell 0.2% to $3.4230.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.67%, London’s FTSE 100 fell 0.89% while Spain’s IBEX 35 Index fell 0.84%. The German DAX declined 0.75%, French CAC 40 fell 0.42% and Italy’s FTSE MIB Index fell 0.99%.

The Bank of England widened its emergency bond buying operation to include purchases of inflation-linked gilts. The jobless rate in the UK declined to 3.5% in the three months to August, versus 3.6% in the earlier period, while average weekly earnings including bonuses rose by 6.0% year-over-year to GBP 617 in the same period. Industrial production in Italy surged by 2.3% from a month ago in August.

Economics

• The NFIB Small Business Optimism Index climbed to a four-month high of 92.1 in September from 91.8 in the previous month.
• The IBD/TIPP Economic Optimism Index declined to 41.6 in October versus a five-month high level of 44.7 in September.
• The Treasury will auction 3-year notes at 1:00 p.m. ET.

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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,572,010 cases with around 1,087,970 deaths. India confirmed a total of at least 44,616,390 cases and 528,820 deaths, while France reported over 35,875,620 COVID-19 cases with 155,530 deaths. In total, there were at least 627,104,810 cases of COVID-19 worldwide with more than 6,562,340 deaths.