Crude Oil Rises Over 3%; US Home Prices Increase In October

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Tuesday.

The Dow traded up 0.34% to 37,511.87 while the NASDAQ rose 0.43% to 15,057.13. The S&P 500 also rose, gaining, 0.34% to 4,770.79.

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Leading and Lagging Sectors

Energy shares jumped by 0.8% on Tuesday.

In trading on Tuesday, health care shares fell by 0.1%.

Top Headline

The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.9% year-over-year in October, recording the largest surge since Nov. 2022.

Equities Trading UP

Gracell Biotechnologies Inc. GRCL shares shot up 59% to $9.88. AstraZeneca Plc AZN agreed to acquire Gracell Biotechnologies, further strengthening AstraZeneca's cell therapy portfolio.

Shares of Inspira Technologies Oxy B.H.N. Ltd. IINN got a boost, surging 93% to $2.31 after the company announced 95% accuracy results for HYLA blood sensor.

Stratasys Ltd. SSYS shares were also up, gaining 11% to $14.51 after the company confirmed that it received a preliminary proposal from Nano Dimension to purchase all of its outstanding shares at $16.50 per share in cash.

Equities Trading DOWN

Adit EdTech Acquisition Corp. ADEX shares dropped 18% to $4.1001. Adit EdTech Acquisition announced intention to voluntarily de-list from NYSE American.

Shares of Milestone Pharmaceuticals Inc. MIST were down 34% to $1.9050 after the company announced that it received a Refusal to File letter from the FDA for the New Drug Application for self-administered etripamil nasal spray for the treatment of paroxysmal supraventricular tachycardia.

Oncternal Therapeutics, Inc. ONCT was down, falling 12% to $0.5281. Oncternal Therapeutics updated the status of its Phase 1/2 study of ONCT-808, a ROR1-targeting autologous CAR T, in patients with relapsed or refractory aggressive B-cell lymphoma.

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Commodities

In commodity news, oil traded up 3.3% to $76.02 while gold traded up 0.1% at $2,070.10.

Silver traded down 0.3% to $24.495 on Tuesday while copper rose 0.4% to $3.9190.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.16%, and China’s Shanghai Composite Index falling 0.68%. India’s S&P BSE Sensex, meanwhile, rose 0.32%.

India's current account deficit shrank to $8.3 billion in the July-September quarter from $30.9 billion in the year-ago quarter. Japan’s unemployment rate came in unchanged at 2.5% in November.

Economics

The Chicago Fed National Activity Index increased to +0.03 in November, versus a revised reading of -0.66 in the prior month.

The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.9% year-over-year in October, recording the largest surge since Nov. 2022.

The FHFA house price index rose by 0.3% from the prior month in October.

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