U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 1% on Tuesday.

The Dow traded up 0.96% to 42,197.88 while the NASDAQ rose 1.26% to 18,408.47. The S&P 500 also rose, gaining, 1.03% to 5,771.80.

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Leading and Lagging Sectors

Consumer discretionary shares surged by 1.8% on Tuesday.

In trading on Tuesday, energy shares rose by just 0.3%.

Top Headline

Yum! Brands, Inc. (NYSE:YUM) posted downbeat results for its third quarter

The company reported third-quarter adjusted earnings per share of $1.37 missing the street view of $1.41. Yum! Brands reported a 4% increase in same-store sales for Taco Bell in the U.S., and a 9% unit growth for KFC International. The company's quarterly revenues of $1.826 billion missed the analyst consensus of $1.899 billion.

Equities Trading UP
                       

• Bionomics Limited (NASDAQ:BNOX) shares shot up 170% to $0.5189 after the company announced it secured an AUS$1 million milestone payment from Carina Biotech for its BNC101 oncology program, with the potential to earn up to AUS$118 million.
• Shares of Vimeo Inc (NASDAQ:VMEO) got a boost, surging 44% to $6.91 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.
• ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA) shares were also up, gaining 33% to $2.43 after the company highlighted data showing the potential of inflammasome inhibition to protect pancreatic islet beta cells and attenuate progression from obesity to insulin resistance and type 2 diabetes.

Equities Trading DOWN