U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining over 400 points on Tuesday.

The Dow traded up 0.84% to 52,105.00 while the NASDAQ fell 0.71% to 26,494.43. The S&P 500 also fell, dropping, 0.28% to 7,533.27.

Leading and Lagging Sectors

Utilities shares jumped by 1.2% on Tuesday.

In trading on Tuesday, information technology stocks fell by 0.5%.

Top Headline

John Wiley & Sons Inc (NYSE:WLY) shares fell more than 6% on Tuesday after the company reported mixed fourth-quarter financial results.

John Wiley & Sons reported quarterly earnings of $1.67 per share which beat the analyst consensus estimate of $1.65 per share. The company reported quarterly sales of $447.941 million which missed the analyst consensus estimate of $450.000 million.

Equities Trading UP
           

  • SU Group Holdings Ltd (NASDAQ:SUGP) shares shot up 112% to $1.87 after the company announced a distributorship agreement with Germany’s GEZE to expand its portfolio.
  • Shares of Our Bond, Inc (NASDAQ:OBAI) got a boost, surging 81% to $0.97 after the company announced an investor exchanged approximately $3.3 million of its outstanding debt for convertible preferred equity.
  • One Stop Systems Inc (NASDAQ:OSS) shares were also up, gaining 16% to $19.91 after the company announced an $8.4 million initial contract from a leading defense and technology solutions company, with the platform estimated to have a potential value of approximately $44 million over the next four years.

Equities Trading DOWN

  • Tianci International Inc (NASDAQ:CIIT) shares dropped 59% to $0.60 after the company reported pricing of $4.9 million public offering.
  • Shares of Huntsman Corporation (NYSE:HUN) were down 16% to $13.44 after the company announced it will merge with Olin.
  • Domo Inc (NASDAQ:DOMO) was down, falling 35% to $2.12 after the company reported mixed first-quarter financial results. The company announced it has not executed a definitive agreement related to a potential transaction.

Commodities

In commodity news, oil traded down 5.1% to $76.64 while gold traded up 0.1% at $4,355.10.

Silver traded up 0.2% to $70.290 on Tuesday, while copper rose 0.4% to $6.5215.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.3%, while Spain's IBEX 35 Index rose 0.4%. London's FTSE 100 rose 0.7%, Germany's DAX gained 0.3%, while France's CAC 40 rose 0.8%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.13%, Hong Kong's Hang Seng Index falling 1.40%, China's Shanghai Composite declining 0.11% and India's BSE Sensex climbing 0.74%.

Economics

  • The New York Fed's services business activity index declined 4 points to a reading of -10.1 in June.
  • U.S. export prices increased by 1.3% month-over-month in May, while import prices surged 1.9% in May.
  • U.S. building permits fell 0.7% month-over-month to an annual rate of 1.413 million in May.
  • U.S. housing starts declined 15.4% month-over-month in May to an annual rate of 1.177 million.

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