U.S. stock markets opened strong on Tuesday, with the Dow Jones Industrial Average climbing over 50 points. The gains were broad-based, with the NASDAQ Composite rising by 0.24% to close at 18,016.58, and the S&P 500 index gaining 0.08% to end the day at 5,723.30.
The materials sector led the charge, with shares jumping 1.1% on the day. In contrast, real estate shares experienced a decline of 0.5%.
Among the headline news, AutoZone, Inc. (AZO) reported disappointing fourth-quarter earnings. The company posted earnings per share of $51.58, falling short of analysts’ expectations of $53.53. Quarterly revenue of $6.205 billion, a 9.0% year-over-year increase, also missed the analyst consensus of $6.221 billion.
Here are some of the key movers in the market:
Equities Trading UP
*
Maison Solutions Inc. (MSS)
shares soared 151% to $1.8399 after the company reported a year-over-year increase in first-quarter sales results.*
Seelos Therapeutics, Inc. (SEEL)
shares surged 115% to $0.4040 after the company announced a material transfer agreement to supply SLS-002 for the Department of Defense’s military and veterans adaptive platform clinical trial for PTSD.*
Banzai International, Inc. (BNZI)
shares climbed 75% to $7.31 after the company announced a $24.8 million debt payoff and restructuring agreements with participation from company insiders.Equities Trading DOWN
*
BioVie Inc. (BIVI)
shares plummeted 53% to $1.32 after the company announced a $3 million secondary offering of 1.96 million shares at $1.53 per share.*
Laser Photonics Corporation (LASE)
shares dropped 27% to $13.78 after the company appointed Robert Hoffman as its new Outside Sales Director.*
ReShape Lifesciences Inc (RSLS)
shares fell 19% to $6.45.Commodities
In commodity markets, oil prices rose 2.1% to $71.87 per barrel. Gold prices, however, declined by 0.1% to $2,652.20. Silver prices gained 0.2% to $31.16, while copper prices climbed 2.8% to $4.4710.
Euro Zone
European stock markets also traded higher on Tuesday. The eurozone’s STOXX 600 index rose 0.4%, Germany’s DAX gained 0.3%, and France’s CAC 40 climbed 1.1%. Spain’s IBEX 35 index fell 0.2%, while London’s FTSE 100 rose 0.1%. The Ifo Business Climate indicator for Germany fell to 85.4 in September, down from 86.6 in the previous month.
Asia Pacific Markets
Asian markets closed higher on Tuesday. Japan’s Nikkei 225 gained 0.57%, Hong Kong’s Hang Seng Index jumped 4.13%, China’s Shanghai Composite Index climbed 4.15%, and India’s BSE Sensex rose 0.02%. The au Jibun Bank Flash Japan composite PMI declined to 52.5 in September, compared to a final reading of 52.9 in August.
Economics
The S&P CoreLogic Case-Shiller home price index rose by 5.9% year-over-year in July, down from a 6.5% increase in the previous month. The FHFA house prices index rose 0.1% in July, compared to market estimates of a 0.2% increase.
