U.S. stocks moved in opposing directions today, with the Dow Jones index declining around 100 points on Tuesday.
The Dow traded down 0.26% to 37,903.57 while the NASDAQ rose 0.25% to 15,399.02. The S&P 500 also rose, gaining 0.18% to 4,859.01.
Leading and Lagging Sectors
Consumer staples shares rose by 0.8% on Tuesday.
In trading on Tuesday, real estate shares fell by 0.8%.
Top Headline
Lockhead Martin Corp LMT company posted upbeat earnings for its fourth quarter.
Lockheed Martin posted quarterly sales of $18.87 billion, beating the consensus of $17.97 billion. EPS in the fourth quarter was $7.58, up from $7.40 per share last year, versus the consensus of $7.28.
Equities Trading UP
FaZe Holdings Inc.. FAZE shares shot up 116% to $0.3340 after the company announced Rollbit will sponsor its Counter-Strike team.
Shares of Ensysce Biosciences, Inc. ENSC got a boost, surging 42% to $1.6199. Ensysce Biosciences said that the FDA has granted Breakthrough Therapy Designation for PF614-MPAR.
Nuvve Holding Corp. NVVE shares were also up, gaining 75% to $5.23 after the company announced that it was awarded a $16 million project for Fresno Economic Opportunities Commission’s 50-shuttle fleet.
Equities Trading DOWN
Vroom, Inc. VRM shares dropped 42% to $0.3041 after the company announced it is discontinuing its operations and winding down its used vehicle dealership business.
Shares of Nutex Health Inc. NUTX were down 26% to $0.1391. Nutex Health announced pricing of $10.0 million registered direct offering of common stock and warrants.
Revelation Biosciences, Inc. REVB was down, falling 28% to $0.3042.
Revelation Biosciences announced a 1-for-30 reverse stock split effective Jan. 25, 2024.
Commodities
In commodity news, oil traded down 1% to $74.45 while gold traded up 0.2% at $2,025.50.
Silver traded up 0.7% to $22.45 on Tuesday while copper rose 0.8% to $3.7925.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.28%, London’s FTSE 100 fell 0.03% while Spain’s IBEX 35 Index fell 1.09% The German DAX fell 0.34% French CAC 40 declined 0.34% while Italy’s FTSE MIB Index fell 0.35%.
Public sector net borrowing, excluding public sector banks, in the United Kingdom shrank to £7.8 billion in December, compared to £16.2 billion in the year-ago month.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 falling 0.08%, Hong Kong’s Hang Seng Index climbing 2.63% and China’s Shanghai Composite Index gaining 0.53%. India’s S&P BSE Sensex, meanwhile, fell 1.53%.
The Bank of Japan maintained its key short-term interest rate at -0.1% during its January meeting. Singapore’s annual inflation rate rose to 3.7% in December from November’s reading of 3.6%.
Economics
The composite manufacturing index in the US Fifth District area declined to a reading of -15 in January, compared to December’s reading of -11.
