U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 300 points on Tuesday.

The Dow traded up 0.28% to 52,327.93 while the NASDAQ rose 1.31% to 26,157.23. The S&P 500 also rose, gaining, 0.67% to 7,490.49.

Leading and Lagging Sectors

Information technology shares jumped by 1.6% on Tuesday.

In trading on Tuesday, real estate stocks fell by 2.1%.

Top Headline

The Chicago Business Barometer declined to 56.7 in June compared to a reading of 62.7 in the prior month.

Equities Trading UP
           

  • Creative Medical Technology Holdings Inc (NASDAQ:CELZ) shares shot up 416% to $4.18 after the company announced it filed a FormRW. The company does not plan to consummate the offering of its securities described in the registration statement.
  • Shares of 707 Cayman Holdings Ltd (NASDAQ:JEM) got a boost, surging 240% to $3.67 after the company named Robin Hoksnes Karlsen as an executive director.
  • Abivax SA (NASDAQ:ABVX) shares were also up, gaining 38% to $132.30 after the company announced topline results from ABTECT Maintenance Part 2. Also, BTIG maintained a Buy rating on the stock and raised its price target from $150 to $175.

Equities Trading DOWN

  • Vistagen Therapeutics Inc (NASDAQ:VTGN) shares dropped 71% to $0.22 after the company announced topline results from the PALISADE-4 Phase 3 trial. Fasedienol did not achieve its primary endpoint and there was no treatment difference between fasedienol and the placebo for the secondary endpoints.
  • Shares of Sable Offshore Corp (NYSE:SOC) were down 45% to $3.84 after the company announced a $400 million offering.
  • Unicycive Therapeutics Inc (NASDAQ:UNCY) was down, falling 45% to $4.21 after the company announced it received a Complete Response Letter from the FDA regarding the submitted New Drug Application for oxylanthanum carbonate for the treatment of hyperphosphatemia in patients with chronic kidney disease on dialysis.

Commodities

In commodity news, oil traded down 1.3% to $69.82 while gold traded up 0.1% at $4,043.30.

Silver traded up 1.8 to $59.690 on Tuesday, while copper rose 1.3% to $6.2445.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.9%, while Spain’s IBEX 35 Index rose 0.2%. London’s FTSE 100 rose 0.6%, Germany’s DAX gained 1.2%, while France’s CAC 40 rose 0.1%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.86%, Hong Kong’s Hang Seng Index falling 0.63%, China’s Shanghai Composite rising 0.50% and India’s BSE Sensex falling 0.33%.

Economics

  • The S&P Cotality Case-Shiller home price index rose 1.1% year-over-year in April, compared to a revised 0.9% gain in the previous month and topping market estimates.
  • The FHFA house price index fell 0.1% in April, versus a revised 0.2% gain in March, and compared to market estimates of a 0.2% gain.
  • The Chicago Business Barometer declined to 56.7 in June compared to a reading of 62.7 in the prior month.
  • U.S. job openings rose by 9,000 to 7.594 million in May, compared to market estimates of 7.30 million.

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