US Stocks Mixed; House Prices Rise In September

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 10 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.04% to 35,345.85 while the NASDAQ fell 0.08% to 14,229.55. The S&P 500 also fell, dropping, 0.10% to 4,545.98.

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Leading and Lagging Sectors

Energy shares rose by 0.2% on Tuesday.

In trading on Tuesday, real estate shares fell by 0.4%.

Top Headline

The S&P CoreLogic Case-Shiller 20-city home price index increased 3.9% year-over-year in September, recording the biggest increase since Dec. 2022 and compared to a revised 2.1% rise in August.

Equities Trading UP

Avidity Biosciences, Inc. RNA shares shot up 25% to $7.72 after the company reported expansion of cardiovascular collaboration with Bristol Myers Squibb.

Shares of PDD Holdings Inc. PDD got a boost, shooting 15% to $135.82 after the company reported third-quarter financial results.

ESGL Holdings Limited ESGL shares were also up, gaining 46% to $1.3101 after the company announced a multi-year contract renewal with Singapore Refining Company Private Limited.

Equities Trading DOWN

Tharimmune, Inc. THAR shares dropped 70% to $1.05. Tharimmune priced its $10 million public offering 10 million common shares at $1 per share.

Shares of SenesTech, Inc. SNES were down 38% to $1.15 after the company reported pricing of $5.0 million public offering.

Citi Trends, Inc. CTRN was down, falling 18% to $21.73 after the company reported third-quarter financial results.

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Commodities

In commodity news, oil traded up 1.1% to $75.66 while gold traded up 0.1% at $2,015.10.

Silver traded up 0.1% to $24.695 on Tuesday while copper rose 0.1% to $ 3.7610.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.6%, London’s FTSE 100 fell 0.4% while Spain’s IBEX 35 Index rose 0.3% The German DAX fell 0.2% French CAC 40 slipped 0.6%, while Italy’s FTSE MIB Index fell 0.3%.

Bank lending to households in the Eurozone increased by 0.6% year-over-year in October, while M3 money supply declined by 1% year-over-year to EUR 16 trillion in October.

The consumer confidence in France climbed to 87 in November, recording the strongest reading since April last year, compared to 84 in the prior month. The GfK Consumer Climate Indicator for Germany rose to -27.8 heading into December compared to a revised reading of -28.3 in November.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan’s Nikkei 225 falling 0.12%, Hong Kong’s Hang Seng Index falling 0.98% and China’s Shanghai Composite Index gaining 0.23%. India’s S&P BSE Sensex, meanwhile, fell 0.1%.

Retail sales in Australia fell by 0.2% month-over-month during October, compared to market expectations for a 0.1% increase.

Economics

The FHFS house price index rose by 0.6% from the prior month in September following a revised 0.7% rise in the previous month.

The S&P CoreLogic Case-Shiller 20-city home price index increased 3.9% year-over-year in September, recording the biggest increase since Dec. 2022 and compared to a revised 2.1% rise in August.

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