U.S. stocks traded higher this morning, with the Dow Jones index gaining over 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.24% to 52,171.55 while the NASDAQ climbed 0.39% to 27,228.76. The S&P 500 also rose, gaining, 0.18% to 7,778.83.

Leading and Lagging Sectors

Communication services shares jumped by 1.1% on Tuesday.

In trading on Tuesday, energy stocks fell by 1.3%.

Top Headline

AutoZone Inc. (NYSE:AZO) reported better-than-expected fourth-quarter earnings.

AutoZone reported fourth-quarter earnings of $56.05 per share, beating the analyst estimate of $53.98. Revenue rose 5.6% year over year to $6.595 billion, slightly below Wall Street expectations of $6.681 billion.

Equities Trading UP
           

  • Lianhe Sowell International Group Ltd (NASDAQ:LHSW) shares shot up 159% to $1.12 after the company announced it entered into a strategic cooperation agrement with Kumquat Technology to promote intelligent equipment solutions across China’s automotive aftermarket.
  • Shares of Decoy Therapeutics Inc (NASDAQ:DCOY) got a boost, surging 135% to $6.02 after the company announced a refined corporate strategy to explore its D-MAVs for additional candidates.
  • Quanome Technologies, Inc (NASDAQ:QNME) shares were also up, gaining 97% to $1.26 after the company announced it entered into a Purchase and Sale Agreement and related purchase order with Compal Electronics for the purchase of 32 GPU server units.

Equities Trading DOWN

  • Hub Cyber Security Ltd (NASDAQ:HUBC) shares dropped 36% to $3.86 after jumping 30% on Monday.
  • Shares of Compass Therapeutics Inc. (NASDAQ:CMPX) were down 30% to $1.28 after the company announced that the FDA recommended it conduct a trial demonstrating a survival benefit before proceeding with a Biologics License Application submission for tovecimig in patients with previously treated, advanced biliary tract cancer.
  • Black Titan Corp (NASDAQ:BTTC) was down, falling 25% to $0.60 after jumping 118% on Monday.

Commodities

In commodity news, oil traded down 2.4% to $93.51 while gold traded down 0.2% at $4,373.70.

Silver traded down 0.1% to $66.370 on Tuesday, while copper rose 1.3% to $6.8480.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 climbed 0.5%, while Spain’s IBEX 35 Index rose 0.9%, London’s FTSE 100 gained 0.1%, Germany’s DAX gained 0.7%, while France’s CAC 40 surged 0.6%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Hong Kong’s Hang Seng index rising 0.18%, China’s Shanghai Composite rising 0.06% and India’s BSE Sensex falling 0.44%.

Economics

US Redbook Index rose by 7.6% year-over-year in the week ending Sept. 19.

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