U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.60% to 47,229.35 while the NASDAQ rose 0.54% to 22,495.65. The S&P 500 also rose, gaining, 0.55% to 6,736.04.

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Leading and Lagging Sectors

Energy shares climbed by 1.3% on Tuesday.

In trading on Tuesday, industrials stocks fell by 0.1%.

Top Headline

Academy Sports and Outdoors Inc (NASDAQ:ASO) reported downbeat earnings for the fourth quarter on Tuesday.

The company posted quarterly earnings of $1.97 per share which missed the analyst consensus estimate of $2.06 per share. The company reported quarterly sales of $1.719 billion which missed the analyst consensus estimate of $1.758 billion.

Equities Trading UP
           

  • U Power Ltd (NASDAQ:UCAR) shares shot up 170% to $1.20. U Power announced production of first batch of 30 battery-swapping electric heavy-duty trucks for Thailand.
  • Shares of Lunai Bioworks Inc (NASDAQ:LNAI) got a boost, surging 217% to $0.67.
  • bioAffinity Technologies Inc (NASDAQ:BIAF) shares were also up, gaining 43% to $2.72 after the company announced a new clinical case study that highlights the benefit of adding CyPath Lung, a noninvasive test for lung cancer, to the diagnostic pathway for a high-risk patient with multiple pulmonary nodules.

Equities Trading DOWN

  • Aldeyra Therapeutics Inc (NASDAQ:ALDX) shares dropped 67% to $1.38 after the company announced that it received a complete response letter from the FDA on replroxalap for the treatment of dry eye disease which cited lack of evidence and inconsistency of study results.
  • Shares of Meiwu Technology Co Ltd (NASDAQ:WNW) were down 67% to $0.71 after the company announced a $14 million registered direct offering.
  • LENSAR Inc (NASDAQ:LNSR) was down, falling 30% to $7.22 after the company announced that it reached an agreement with Alcon Research to terminate the merger agreement between the parties.

Commodities

In commodity news, oil traded up 2.2% to $95.56 while gold traded up 0.4% at $5,022.90.

Silver traded up 0.2% to $80.87 on Tuesday, while copper fell 0.9% to $5.7770.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.7%, while Spain's IBEX 35 Index rose 1.2%. London's FTSE 100 rose 0.8%, Germany's DAX gained 0.5% and France's CAC 40 rose 0.7% during the session.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 0.09%, Hong Kong's Hang Seng index gaining 0.13%, China's Shanghai Composite slipping 0.85% and India's BSE Sensex gaining 0.75%.

Economics

Private employers in the US added an average of 9,000 jobs a week during the four weeks ending Feb. 28, compared to the revised 14,750 jobs per week in the previous period, the ADP said.

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