U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 150 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.27% to 49,299.31 while the NASDAQ fell 1.06% to 24,622.60. The S&P 500 also fell, dropping, 0.52% to 7,136.91.
Leading and Lagging Sectors
Energy shares jumped by 1.7% on Tuesday.
In trading on Tuesday, information technology stocks fell by 1.8%.
Top Headline
Coca-Cola (NYSE:KO) reported better-than-expected first-quarter financial results and raised its FY26 adjusted EPS guidance above estimates.
Coca-Cola reported quarterly earnings of 86 cents per share which beat the analyst consensus estimate of 81 cents per share. The company reported quarterly sales of $12.500 billion which beat the analyst consensus estimate of $12.241 billion.
Equities Trading UP
- Baiya International Group Inc (NASDAQ:BIYA) shares shot up 126% to $1.76 after the company announced that its cryptocurrency Ark Plan Digital Asset Strategy passed the first round of public voting, with Binance coin formally selected as the inaugural core digital asset.
- Shares of Nexera Technologies Ltd (NASDAQ:NEXR) got a boost, surging 63% to $3.25 after the company announced that its subsidiary KeepZone AI has received official authorization to introduce advanced fuel tank structural survivability system in the Gulf region.
- Aterian Inc (NASDAQ:ATER) shares were also up, gaining 35% to $1.02 after the company agreed to sell its e-commerce brand portfolio for $18 million to Trademark Global.
Equities Trading DOWN
- Soligenix, Inc. (NASDAQ:SNGX) shares dropped 64% to $0.51 after the company announced interim results from the Phase 3 FLASH2 trial evaluating HyBryte™ in the treatment of Cutaneous T-Cell Lymphoma.
- Shares of Vistance Networks Inc (NASDAQ:VISN) were down 51% to $9.61.
- Erasca Inc (NASDAQ:ERAS) was down, falling 49% to $9.85. Erasca said it intends to vigorously contest allegations made by Revolution Medicines.
Commodities
In commodity news, oil traded up 3.3% to $99.56 while gold traded down 2.3% at $4,586.20.
Silver traded down 3.4% to $72.455 on Tuesday, while copper fell 0.7% to $5.9810.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.5%, while Spain's IBEX 35 Index rose 0.4%. London's FTSE 100 fell 0.2%, Germany's DAX fell 0.4% and France's CAC 40 slipped 0.5% during the session.
Asia Pacific Markets
Asian markets closed lower on Tuesday, with Japan's Nikkei 225 falling 1.02%, China's Shanghai Composite slipping 0.19%, Hong Kong's Hang Seng Index falling 0.95% and India's BSE Sensex dipping 0.54%.
Economics
- The S&P Cotality Case-Shiller Home Price Index increased 0.9% year-over-year in February, easing from 1.2% in the previous month.
- The FHFA house price index came in unchanged in February, compared to market estimates of a 0.2% increase.
- U.S. private-sector employers added an average of 39,250 jobs a week during the four weeks ending April 11.
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