U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining over 50 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.07% to 34,439.33 while the NASDAQ rose 0.43% to 13,555.37. The S&P 500, also rose, gaining, 0.20% to 4,408.63.

Check This Out: Top 5 Financial Stocks You May Want To Dump This Quarter

Leading and Lagging Sectors

Consumer discretionary shares rose by 0.5% on Tuesday.

In trading on Tuesday, consumer staples shares fell by 0.5%.

Top Headline

Lowe's Companies Inc (NYSE:LOW) reported better-than-expected second-quarter earnings and reaffirmed FY23 outlook.

Lowe's reported a second-quarter FY23 sales decline of 9.17% year-on-year to $24.96 billion, marginally missing the analyst consensus of $24.99 billion. EPS of $4.56 beat the analyst consensus estimate of $4.49.

Lowe's reaffirmed its FY23 revenue outlook of $87 billion - $89 billion, against the Street view of $88.08 billion. It sees FY23 adjusted EPS of $13.20 - $13.60 against the consensus of $13.37.

Equities Trading UP

Fulcrum Therapeutics, Inc. (NASDAQ:FULC) shares shot up 52% to $5.96 after the FDA lifted clinical hold on the company’s FTX-6058 for sickle cell disease.

Shares of Axcella Health Inc. (NASDAQ:AXLA) got a boost, shooting 39% to $0.2441 after gaining 12% on Monday. The company recently posted a narrower-than-expected quarterly loss.

Sidus Space, Inc. (NASDAQ:SIDU) shares were also up, gaining 30% to $0.2087. Sidus Space acquired edge artificial intelligence company, Exo-Space.

Equities Trading DOWN

Republic First Bancorp, Inc. (NASDAQ:FRBK) shares dropped 39% to $0.4259 after the Nasdaq notified the company that it will not be listed on the exchange because it has not filed its Form 10-K Annual Report with the SEC for FY22.

Shares of Tingo Group, Inc. (NASDAQ:TIO) were down 32% to $0.8054. Tingo Group said it further postponed its second-quarter earnings release and filing of its form 10-Q for the period ended June 30, 2023.

SOS Limited (NYSE:SOS) was down, falling 25% to $6.74 after jumping over 99% on Monday.

Also Check This Out: Hasbro To Rally Over 42%? Here Are 10 Other Analyst Forecasts For Tuesday

Commodities

In commodity news, oil traded down 0.3% to $80.50 while gold traded up 0.2% at $1,926.30.

Silver traded up 0.3% to $23.415 on Tuesday while copper rose 0.8% to $3.7490.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 1.1% London’s FTSE 100 rose 0.7% while Spain’s IBEX 35 Index climbed 1% The German DAX gained 1.1% French CAC 40 rose 1.2%, while Italy’s FTSE MIB Index jumped 1%.

The Eurozone reported a current account surplus of EUR 36.8 billion in June versus a revised EUR 4.4 billion gap in the year-ago month. Italy's current account surplus widened to EUR 5.995 billion in June from EUR 0.938 billion in the year-ago month.

Public sector net borrowing, excluding banks, in the UK increased to £4.3 billion in July from £0.9 billion in the year-ago month. The Confederation of British Industry survey's total order book balance fell by 6 points to a reading of -15 in August.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan’s Nikkei 225 rising 0.92%, China’s Shanghai Composite Index gaining 0.88% and Hong Kong’s Hang Seng Index gaining 0.95%. India’s S&P BSE Sensex, meanwhile, rose 0.01%.

Economics

Data on existing home sales will be released today.

Now Read This: Around $39M Bet On Energy Transfer? Check Out These 3 Stocks Insiders Are Buying

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,846,210 cases with around 1,172,800 deaths. India confirmed a total of at least 44,996,650 cases and 531,920 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 694,026,200 cases of COVID-19 worldwide with more than 6,909,370 deaths.