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U.S. stocks traded higher toward the end of trading, with the Dow Jones index jumping more than 300 points on Tuesday.
The Dow traded up 0.86% to 39,696.74 while the NASDAQ rose 2.17% to 17,143.94. The S&P 500 also rose, gaining, 1.44% to 5,421.43.
Leading and Lagging Sectors
Information technology shares climbed by 2.7% on Tuesday.
In trading on Tuesday, energy shares fell 1%.
Top Headline
Shares of Paysafe Ltd (NYSE:PSFE) jumped around 9% on Tuesday after the company reported its second-quarter financial results.
Paysafe reported second-quarter adjusted earnings of 59 cents per share, beating the 8 cent analyst consensus estimate. Quarterly sales came in at $439.9 million, reflecting a 7% growth in total payment volume and beating the $424.28 million estimate.
Paysafe revised its full-year 2024 revenue guidance to $1.713 billion – $1.729 billion (prior $1.688 billion – $1.712 billion), versus the $1.705 billion analyst consensus estimate.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 2.1% to $78.37 while gold traded up 0.2% at $2,508.70.
Silver traded down 0.8% to $27.79 on Tuesday, while copper fell 0.5% to $4.05.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 rose 0.52%, Germany's DAX rose 0.48% and France's CAC 40 rose 0.35%. Spain's IBEX 35 Index rose 0.73%, while London's FTSE 100 rose 0.30%.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 jumping 3.45%, Hong Kong's Hang Seng Index gaining 0.36%, China's Shanghai Composite Index gaining 0.34% and S&P BSE Sensex falling 0.87%.
Economics
U.S. producer prices rose 0.1% month-over-month in July compared to a 0.2% increase in June and versus market expectations of 0.2%.
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