US Stocks Edge Higher Following Monday's Sell-Off

U.S. stocks traded slightly higher this morning, with the Dow Jones gaining more than 30 points on Tuesday. The blue-chip index dropped around 500 points on Monday.

Following the market opening Tuesday, the Dow traded up 0.11% to 33,886.06 while the NASDAQ rose 0.32% to 11,084.58. The S&P 500 also rose, gaining, 0.26% to 3,974.32.

Also check this: Celularity, Moleculin Biotech And 2 Other Penny Stocks Insiders Are Aggressively Buying


Leading and Lagging Sectors


Energy shares rose by 1.6% on Tuesday. Leading the sector was strength from Nine Energy Service, Inc. NINE and CONSOL Energy Inc. CEIX.


In trading on Tuesday, utilities shares fell by 0.8%.


Top Headline

 

The S&P CoreLogic Case-Shiller 20-city home price index rose by 10.4% from a year ago in September.

 

Equities Trading UP

 

  • Apollo Endosurgery, Inc. APEN shares shot up 65% to $9.90 after the company announced it will be acquired by Boston Scientific for $10 per share in cash.
  • Shares of Bilibili Inc. BILI got a boost, shooting 24% to $15.57 after the company reported better-than-expected Q3 adjusted EPS and sales results.
  • Citi Trends, Inc. CTRN shares were also up, gaining 22% to $28.40 after the company reported better-than-expected Q3 adjusted EPS and sales results.

 

Equities Trading DOWN

  • Coeptis Therapeutics Holdings, Inc. COEP shares tumbled 17% to $1.71.
  • Shares of CinCor Pharma, Inc. CINC were down 12% to $12.36. Oppenheimer downgraded CinCor Pharma from Outperform to Perform, while Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered the price target from $60 to $22.
  • AGBA Group Holding Limited AGBA was down, falling 12% to $3.0350.


Also check out: Dow Dips Around 500 Points, Market Volatility Increases Further


Commodities

In commodity news, oil traded up 1.7% to $78.55 while gold traded up 0.8% at $1,754.70.


Silver traded up 3.2% to $21.58 on Tuesday while copper rose 1.1% to $3.6515.


Euro zone


European shares were higher today. The eurozone’s STOXX 600 gained 0.2%, London’s FTSE 100 rose 0.8% while Spain’s IBEX 35 Index rose 0.3%. The German DAX rose 0.1%, French CAC 40 rose 0.3% and Italy’s FTSE MIB Index gained 0.5%.


The consumer confidence indicator in the Eurozone increased by 3.6 points to -23.9 in November. The services confidence indicator in the Eurozone rose to 2.3 in November versus a revised 2.1 a month ago, while industry confidence indicator fell for a ninth straight month to -2.0 in November. The economic sentiment indicator in the Eurozone increased 1 point to 93.7 in November.

Consumer credit in the UK increased by GBP 0.769 billion in October. Industrial producer prices in Italy climbed 20.8% year-over-year in October, while industrial sales fell by 1.2% over a month.

 

Asia Pacific Markets


Asian markets closed mostly higher on Tuesday, with the Japan’s Nikkei dropping 0.48% and Hong Kong’s Hang Seng Index jumping 5.24%. China’s Shanghai Composite Index climbed 2.31%.

Japanese unemployment rate came in unchanged at 2.6% in October, while retail sales rose by 4.3% from a year ago in October.

 

Economics

 

  • The S&P CoreLogic Case-Shiller 20-city home price index rose by 10.4% from a year ago in September.
  • The FHFA house price index gained 0.1% from a month ago in September.
  • The Dallas Fed general business activity index for services in Texas climbed to -11 in November versus a reading of -13.6 in the previous month.

 

Check out this: Investor Sentiment Declines Amid Protests Over COVID Restrictions In China


COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 100,507,920 cases with around 1,104,870 deaths. India confirmed a total of at least 44,673,170 cases and 530,610 deaths, while France reported over 37,686,600 COVID-19 cases with 158,770 deaths. In total, there were at least 646,686,640 cases of COVID-19 worldwide with more than 6,637,940 deaths.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday UpdateMarketsMid-Morning 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!

Loading...