U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.03% to 48,962.01 while the NASDAQ gained 0.31% to 23,469.03. The S&P 500 also rose, gaining, 0.14% to 6,911.52.
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Leading and Lagging Sectors
Energy shares gained by 2.9% on Tuesday.
In trading on Tuesday, utilities stocks dipped by 2.2%.
Top Headline
AngioDynamics, Inc. (NASDAQ:ANGO) posted better-than-expected results for the second quarter.
The company posted adjusted EPS of $0.00, beating market estimates of a loss of 10 cents per share. The company's sales came in at $79.433 million versus expectations of $76.300 million.
Equities Trading UP
- Alumis Inc. (NASDAQ:ALMS) shares shot up 148% to $20.54 after the company said topline results from its Phase 3 ONWARD1 and ONWARD2 trials of envudeucitinib in moderate-to-severe plaque psoriasis met all primary and secondary endpoints.
- Shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) got a boost, surging 73% to $0.6699 after the company announced it entered into an Amended and Restated Letter of Intent to acquire 100% of the issued and outstanding equity interests of AZIO AI through a merger transaction.
- Cyclerion Therapeutics Inc (NASDAQ:CYCN) shares were also up, gaining 54% to $2.13 after the company announced it is expanding strategic collaboration with Medsteer to advance closed-loop anesthetic platform CYC-126.
Equities Trading DOWN
- Instil Bio Inc (NASDAQ:TIL) shares dropped 53% to $5.78 after the company announced the company’s subsidiary, Axion Bio, discontinued clinical development of AXN-2510 and that Axion and ImmuneOnco Biopharmaceuticals have entered into an agreement terminating their license and collaboration agreement for AXN-2510 and AXN-27M.
- Shares of MOBIX LABS, INC. (NASDAQ:MOBX) were down 45% to $0.18 after the company announced it priced its $6.0 million offering of 30,000,000 shares of its common stock.
- BitVentures Ltd – ADR (NASDAQ:BVC) was down, falling 23% to $11.40.
Commodities
In commodity news, oil traded up 0.5% to $58.58 while gold traded up 0.6% at $4,477.40.
Silver traded up 2.4% to $78.505 on Tuesday, while copper rose 1.4% to $6.0565.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.3%, while Spain's IBEX 35 Index rose 0.5%. London's FTSE 100 rose 1%, Germany's DAX gained 0.4% and France's CAC 40 slipped 0.3% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 gaining 1.32%, Hong Kong's Hang Seng Index gaining 1.38%, China's Shanghai Composite surging 1.50% and India's BSE Sensex falling 0.44%.
Economics
The Logistics Manager's Index declined for a second straight month to 54.2 in December compared to 55.7 in each of the prior two months.
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