U.S. stocks traded mixed this morning, with the Dow Jones gaining more than 250 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.61% to 46,729.44 while the NASDAQ fell 0.28% to 22,808.72. The S&P 500 also rose, gaining, 0.08% to 6,710.34.
Check This Out: Jim Cramer: This Communication Services Stock Is A Buy, Recommends Holding On To Howmet Aerospace
Leading and Lagging Sectors
Communication services shares jumped by 1.4% on Tuesday.
In trading on Tuesday, information technology stocks fell by 1.1%.
Top Headline
Alibaba Group Holding (NYSE:BABA) reported revenue and earnings that exceeded analyst expectations.
The company posted quarterly revenue of $34.81 billion, up 5% year-over-year, surpassing the analyst consensus estimate of $34.43 billion.
The adjusted earnings per American Depositary Share (ADS) came in at 61 cents, topping the analyst consensus estimate of 49 cents.
Equities Trading UP
- Rubico Inc (NASDAQ:RUBI) shares shot up 67% to $0.26 after the company announced it extended its tanker charters.
- Shares of Clean Energy Technologies Inc (NASDAQ:CETY) got a boost, surging 75% to $1.87 after the company secured a $10 million battery energy storage project in New York.
- Barnes & Noble Education Inc (NYSE:BNED) shares were also up, gaining 37% to $9.18 after the company announced preliminary full-year fiscal 2025 and year-to-date fiscal 2026 unaudited financial results.
Equities Trading DOWN
- MingZhu Logistics Holdings Ltd (NASDAQ:YGMZ) shares dropped 84% to $0.17 after the company announced an $8 million registered direct offering.
- Shares of GreenPower Motor Company Inc. (NASDAQ:GP) were down 34% to $0.8500.
- K Wave Media Ltd. (NASDAQ:KWM) was down, falling 24% to $0.68.
Commodities
In commodity news, oil traded down 2.1% to $57.59 while gold traded up 1.1% at $4,140.50.
Silver traded up 1.7% to $51.185 on Tuesday, while copper rose 3.8% to $5.1545.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 rose 0.5%, Germany's DAX 40 gained 0.7% and France's CAC 40 rose 0.6% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei gaining 0.07%, Hong Kong's Hang Seng gaining 0.69%, China's Shanghai Composite gaining 0.87% and India's BSE Sensex declining 0.37%.
Economics
- The S&P CoreLogic Case-Shiller Home Price Index increased 1.4% year-over-year in September, slowing for the eighth straight month.
- The FHFA house price index came in flat for September.
- U.S. producer prices gained by 0.3% month-over-month in September, following a 0.1% decline in the previous month.
- U.S. retail sales rose by 0.2% month-over-month in September compared to a 0.6% gain in August.
Now Read This:
Photo via Shutterstock
