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U.S. stocks traded mostly higher midway through trading, with the Dow Jones index surging more than 550 points on Tuesday.
The Dow traded up 1.41% to 40,779.92 while the NASDAQ fell 0.05% to 18,463.13. The S&P 500 also rose, gaining, 0.35% to 5,651.05.
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Leading and Lagging Sectors
Industrials shares jumped by 2% on Tuesday.
In trading on Tuesday, information technology shares fell by 0.5%.
Top Headline
Bank of America Corp (NYSE:BAC) reported better-than-expected second-quarter results.
The company posted second-quarter fiscal 2024 net income of $6.9 billion and EPS of 83 cents, beating the analyst consensus estimate of 80 cents.
Revenue, net of interest expense, increased 0.8% year-over-year to $25.54 billion, beating the analyst consensus estimate of $25.22 billion.
Equities Trading UP
Equities Trading DOWN
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Commodities
In commodity news, oil traded down 1% to $81.08 while gold traded up 1.4% at $2,462.00.
Silver traded up 2% to $31.54 on Tuesday, while copper fell 1.5% to $4.4595.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.23%, Germany's DAX fell 0.32% and France's CAC 40 fell 0.64%. Spain's IBEX 35 Index fell 0.41%, while London's FTSE 100 fell 0.21%.
The ZEW Indicator of Economic Sentiment for the Eurozone fell by 7.6 points to a reading of 43.7 in July, while Eurozone posted a trade surplus of EUR 13.9 billion in May versus a year-ago gap of EUR 0.4 billion.
The ZEW Indicator of Economic Sentiment for Germany fell to 41.8 in July, recording the first decline in a year. Italy reported a trade surplus of EUR 6.43 billion in May versus a year-ago surplus of EUR 4.767 billion year.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.20%, Hong Kong's Hang Seng Index falling 1.60%, China's Shanghai Composite Index gaining 0.08% and India's S&P BSE Sensex gaining 0.06%.
Economics
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