U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.14% to 44,720.42 while the NASDAQ fell 0.01% to 19,401.74. The S&P 500 also fell, dropping, 0.04% to 6,044.51.
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Leading and Lagging Sectors
Utilities shares jumped by 0.6% on Tuesday.
In trading on Tuesday, consumer staples shares fell by 0.5%.
Top Headline
Core & Main, Inc. (NYSE:CNM) reported better-than-expected third-quarter EPS and sales results on Tuesday.
Core & Main reported quarterly earnings of 69 cents per share which beat the analyst consensus estimate of 65 cents per share. The company reported quarterly sales of $2.04 billion which beat the analyst consensus estimate of $1.99 billion.
Equities Trading UP
- Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares shot up 290% to $7.36 after the company announced the acquisition of TW & EW Services in a cash and stock mixed transaction valued at $1 million.
- Shares of ZJK Industrial Co., Ltd (NASDAQ:ZJK) got a boost, surging 220% to $20.29 after the company announced it received a request to produce samples for one of NVIDIA’s upcoming liquid cooling manifold projects.
- PSQ Holdings, Inc. (NYSE:PSQH) shares were also up, gaining 135% to $4.84 following a report suggesting Donald Trump Jr. will join the company’s board.
Equities Trading DOWN
- Ocean Power Technologies, Inc. (NASDAQ:OPTT) shares dropped 42% to $0.4066 after the company issued preliminary second-quarter financial results.
- Shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) were down 32% to $0.5069.
- Safe & Green Holdings Corp. (NASDAQ:SGBX) was down, falling 27% to $0.4999. The company last week released its third-quarter results.
Commodities
In commodity news, oil traded up 1.8% to $69.29 while gold traded up 0.3% at $2,665.30.
Silver traded up 1.4% to $31.305 on Tuesday, while copper rose 1% to $4.1720.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.5%, Germany's DAX climbed 0.2% and France's CAC 40 rose 0.4%. Spain's IBEX 35 Index rose 1%, while London's FTSE 100 rose 0.9%.
Retail sales in the UK fell 3.4% in November compared to market estimates of a 0.7% gain.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 1.91%, Hong Kong's Hang Seng Index gaining 1%, China's Shanghai Composite Index climbing 0.44% and India's BSE Sensex gaining 0.74%.
Economics
The Logistics Manager's Index fell to 58.4 in November from October's reading of 58.9.
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