Nasdaq Gains Over 50 Points; US Durable Goods Orders Rise In February

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

The Dow traded up 0.08% to 39,346.40 while the NASDAQ rose 0.39% to 16,448.92. The S&P 500 also rose, gaining, 0.23% to 5,230.19.

Check This Out: Top 3 Energy Stocks That May Keep You Up At Night In Q1


Leading and Lagging Sectors


Consumer discretionary shares jumped by 0.7% on Monday.

In trading on Monday, energy shares fell by 0.2%.


Top Headline


U.S. durable goods orders increased by 1.4% month-over-month in February versus a revised 6.9% decline in January.


Equities Trading UP


Stoke Therapeutics, Inc. STOK shares shot up 74% to $11.31 after the company announced Phase 1/2a data supporting the potential for STK-001 in Dravet syndrome.

Shares of C3is Inc. CISS got a boost, surging 67% to $0.0587 after the company reported a year-over-year increase in fourth-quarter financial results.

OpGen, Inc. OPGN shares were also up, gaining 48% to $0.7021 after the company entered into a securities purchase agreement with a private investor, David Lazar, to acquire 3 million shares of Series E Convertible Preferred Stock at $1.00 per share for aggregate gross proceeds of $3.0 million.


Equities Trading DOWN


NeuBase Therapeutics, Inc. NBSE shares dropped 48% to $0.5152 after declining around 3% on Monday.

Shares of Quhuo Limited QH were down 46% to $0.68.

AppTech Payments Corp. APCX was down, falling 40% to $0.99 after the company priced its 2 million share offering at $1 per share.

Also Check This Out: Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields




In commodity news, oil traded up 1.7% to $81.98 while gold traded up 0.9% at $ 2,196.70.

Silver traded up 0.4% to $24.98 on Monday, while copper fell 0.1% to $4.0145.


Euro zone


European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 Index rose 0.3% The German DAX rose 0.7% French CAC 40 rose 0.2% while Italy’s FTSE MIB Index rose 0.3%.

The GfK Consumer Climate Indicator for Germany rose to -27.4 heading into April compared to a revised reading of -28.8 in the prior period. Spanish economy grew 0.6% in the fourth quarter, compared to a 0.4% increase in the prior period.


Asia Pacific Markets


Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 falling 0.04%, Hong Kong’s Hang Seng Index gaining 0.88%, China’s Shanghai Composite Index gaining 0.17% and India’s S&P BSE Sensex falling 0.50%.

Hong Kong’s trade deficit narrowed to $41.7 billion in February versus a $45.4 billion gap recorded in the year-ago period.




U.S. durable goods orders increased by 1.4% month-over-month in February versus a revised 6.9% decline in January.

The S&P CoreLogic Case-Shiller 20-city home price index increased by 6.6% year-over-year in January compared to a 6.2% gain in the prior month.

The FHFA house price index fell by 0.1% in January.

Now Read This: How To Earn $500 A Month From Micron Technology Stock After Last Week's Strong Earnings

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday UpdateMarketsTrading IdeasMid 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!