U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 400 points on Tuesday.
The Dow traded up 1.11% to 38,593.91 while the NASDAQ gained 1.19% to 16,059.95. The S&P 500 also rose, gaining, 1.06% to 5,212.77.
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Leading and Lagging Sectors
Real estate shares jumped by 1.7% on Tuesday.
In trading on Monday, consumer staples shares rose by just 0.6%.
Top Headline
Verizon Communications Inc (NYSE:VZ) reported better-than-expected fiscal first-quarter results Tuesday.
Its revenue growth was 1.5% year-over-year, reaching $33.49 billion, topping the analyst consensus estimate of $33.24 billion. Adjusted EPS of $1.19 topped the analyst consensus estimate of $1.15.
Equities Trading UP
- Gelteq Limited (NASDAQ:GELS) shares shot up 237% to $3.17.
- Shares of Tivic Health Systems, Inc. (NASDAQ:TIVC)got a boost, surging 211% to $10.90 after the company said it held briefings with the White House and FDA, which garnered interest in potential military and defense applications for its product candidates.
- Meiwu Technology Company Limited (NASDAQ:WNW) shares were also up, gaining 85% to $2.30 after the company announced it regained Nasdaq compliance.
Equities Trading DOWN
- Thunder Power Holdings, Inc. (NASDAQ:AIEV) shares dropped 65% to $0.0475. The company recently received delisting notice from the Nasdaq.
- Shares of Scorpius Holdings, Inc. (NYSE:SCPX) were down 48% to $0.0680. Scorpius Holdings received NYSE American notice of delisting and reported plans to appeal.
- MKDWELL Tech Inc. (NASDAQ:MKDW) was down, falling 36% to $0.2495.
Commodities
In commodity news, oil traded up 1.1% to $63.77 while gold traded up 0.5% at $3,443.90.
Silver traded up 0.6% to $32.70 on Tuesday, while copper rose 1.9% to $4.8165.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.3%, Germany's DAX 40 declined 0.3% and France's CAC 40 slipped 0.2%. Spain's IBEX 35 Index rose 0.3%, while London's FTSE 100 rose 0.2%.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 falling 0.17%, China's Shanghai Composite gaining 0.25%, Hong Kong's Hang Seng Index gaining 0.78% and India's BSE Sensex gaining 0.24%.
Economics
U.S. Redbook Index rose by 7.4% year-over-year in the week ending April 19.
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