US Stocks Open Higher As Dow Surges 200 Points - DuPont de Nemours (NYSE:DD), GrowGeneration (NASDAQ:GRWG

U.S. stocks traded higher this morning, with the Dow Jones gaining around 200 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.62% to 33,029.29 while the NASDAQ rose 0.32% to 10,598.11. The S&P 500 also rose, gaining, 0.26% to 3,816.64.

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Leading and Lagging Sectors

Materials shares gained 1.2% on Tuesday. Leading the sector was strength from Millicom Pactiv Evergreen Inc. (NASDAQ:PTVE) and DuPont de Nemours, Inc. (NYSE:DD).

In trading on Tuesday, energy shares tumbled by 0.8%.

Top Headline

The NFIB Small Business Optimism Index dropped to a three-month low level of 91.3 in October from 92.1 in the previous month.

Equities Trading UP

TaskUs, Inc. (NASDAQ:TASK) shares shot up 38% to $22.07 after the company reported better-than-expected Q3 results. The company also issued Q4 and FY22 sales guidance above analyst estimates.
Shares of Oportun Financial Corporation (NASDAQ:OPRT) got a boost, shooting 36% to $5.65 after the company announced upbeat Q3 results.
GrowGeneration Corp. (NASDAQ:GRWG) shares were also up, gaining 29% to $4.28 after the company reporter better-than-expected Q3 sales.

Equities Trading DOWN

NanoString Technologies, Inc. (NASDAQ:NSTG) shares tumbled 46% to $4.96 after the company reported worse-than-expected Q3 results.
Shares of R1 RCM Inc. (NASDAQ:RCM) were down 42% to $8.52 after the company reported worse-than-expected Q3 EPS and sales results and cut FY22 revenue guidance below estimates.
NeuroBo Pharmaceuticals, Inc. (NASDAQ:NRBO) was down, falling 38% to $1.34. NeuroBo recently announced pricing of $30 million underwritten public offering and concurrent private placement.

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Commodities

In commodity news, oil traded down 0.5% to $91.34 while gold traded up 0.1% at $1,682.70.

Silver traded up 0.7% to $21.07 on Tuesday while copper rose 1.4% to $3.6525.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.4%, London’s FTSE 100 fell 0.1% while Spain’s IBEX 35 Index rose 0.2%. The German DAX gained 0.6%, French CAC 40 rose 0.1% and Italy’s FTSE MIB Index jumped 0.6%.

Eurozone retail sales increased by 0.4% from a month ago in September, while retail sales in Italy rose 0.5% from a month earlier in September. French current account deficit widened to EUR 7.3 billion in September versus a revised EUR 5.9 billion in the prior month. Payroll employment in the French private sector increased by 0.4% to 20.81 million in the third quarter.

Retail sales in the UK rose by 1.2% from a year ago in October, compared to September’s 1.8% growth.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with the Japan’s Nikkei climbing 1.25% and Hong Kong’s Hang Seng Index dropping 0.23%. China’s Shanghai Composite Index dropped 0.43%.

The index of leading economic indicators in Japan fell to 97.4 in September versus a final reading of 101.1 in the prior month, while index of coincident economic indicators fell to 101.1 from a final 101.8. The NAB business confidence index in Australia fell 5 points to 0 for the month of October, while Westpac-Melbourne Institute Index of Consumer Sentiment fell 6.9% to 78 in November. Average cash earnings in Japan climbed by 2.1% year-over-year in September, while household spending in the country rose by 2.3% from the earlier year in September.

Economics

The NFIB Small Business Optimism Index dropped to a three-month low level of 91.3 in October from 92.1 in the previous month.

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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 99,681,440 cases with around 1,098,380 deaths. India confirmed a total of at least 44,662,140 cases and 530,510 deaths, while France reported over 36,971,720 COVID-19 cases with 157,420 deaths. In total, there were at least 638,189,250 cases of COVID-19 worldwide with more than 6,607,260 deaths.

DDDuPont de Nemours Inc

$137.70-%

Overview

GRWGGrowGeneration Corp

$1.36-1.38%

OPRTOportun Financial Corp

$5.59-%

TASKTaskUs Inc

$5.48-0.72%

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