U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 200 points on Tuesday.
The Dow traded up 0.71% to 34,154.30 while the NASDAQ fell 0.21% to 13,101.14. The S&P also rose, gaining, 0.20% to 4,305.85.
Also check this: Dow Jumps Over 150 points But Market Volatility Increases
Leading and Lagging Sectors
Consumer staples shares climbed 1.2% on Tuesday. Meanwhile, top gainers in the sector included Veru Inc. (NASDAQ:VERU), up 20% and Blue Apron Holdings, Inc. (NYSE:APRN) up 19%.
In trading on Tuesday, information technology shares fell by 0.3%.
Top Headline
Walmart Inc. (NYSE:WMT) reported upbeat results for its second quarter on Tuesday.
Walmart reported adjusted EPS of $1.77 on revenues of $152.86 billion, which beat the consensus estimate of $1.62 and revenues of $150.75 billion.
Equities Trading UP
Artelo Biosciences, Inc. (NASDAQ:ARTL) shares shot up 42% to $6.21 as the company reported pre-clinical results with its novel inhibitor to fatty acid binding protein 5.
Shares of GreenBox POS (NASDAQ:GBOX) got a boost, shooting 91% to $2.42 as the company reported better-than-expected Q2 sales
SkyWater Technology, Inc. (NASDAQ:SKYT) shares were also up, gaining 44% to $20.46 after the company reported better-than-expected Q2 sales results.
Equities Trading DOWN
Hallmark Financial Services, Inc. (NASDAQ:HALL) shares tumbled 37% to $1.57 after the company reported a wider Q2 loss.
Shares of Save Foods, Inc. (NASDAQ:SVFD) were down 36% to $3.0450 after the company priced a 1.6 million share common stock offering at $3 per share.
Polished.com Inc. (NYSE:POL) was down, falling 35% to $0.9850. Polished.com said it sees preliminary Q2 sales of $145 million to $150 million, versus analysts’ estimates of $156.15 million.
Also check out: AppLovin, Unity Software And Some Other Big Losers From Monday
Commodities
In commodity news, oil traded down 3% to $86.77, while gold traded down 0.5% to $1,789.70.
Silver traded down 0.9% to $20.09 on Tuesday while copper fell 0.2% to $3.6095.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.23%, London’s FTSE 100 rose 0.46% while Spain’s IBEX 35 Index surged 0.99%. The German DAX gained 0.69%, French CAC 40 rose 0.42% and Italy’s FTSE MIB Index gained 0.15%.
The Eurozone recorded a trade deficit of EUR 24.6 billion in June, versus a year-ago surplus of EUR 17.3 billion, while the ZEW Indicator of Economic Sentiment for the Eurozone fell to -54.9 in August versus -51.1 a month ago.
The unemployment rate in the UK came in unchanged at 3.8% in the second quarter, while average weekly earnings including bonuses rose by 5.1% year-over-year to GBP 611 in the three months to June. The ZEW Indicator of Economic Sentiment for Germany declined to -55.3 in August from -53.8 in the previous month.
Economics
Housing starts dipped 9.6% month-over-month to an annualized rate of 1.446 million units in July, recording the lowest since February 2021. Building permits dropped 1.3% to an annualized rate of 1.674 million in July, recording the lowest level since September 2021.
Industrial production in the US increased 0.6% from a month ago in July, topping market estimates of a 0.3% rise.
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 94,788,020 cases with around 1,062,770 deaths. India confirmed a total of at least 44,277,190 cases and 527,090 deaths, while France reported over 34,234,000 COVID-19 cases with 153,120 deaths. In total, there were at least 596,238,390 cases of COVID-19 worldwide with more than 6,457,060 deaths.
