CMND - Crude Oil Down 1%; Bank of America Posts Upbeat Earnings | Benzinga
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
- Silo Pharma, Inc. (NASDAQ:SILO) shares shot up 113% to $2.2799 after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer’s drug.
- Shares of Yoshitsu Co., Ltd (NASDAQ: