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U.S. stocks edged lower midway through trading, with the S&P 500 trading slightly lower on Tuesday.
The Dow traded down 0.11% to 32,892.75 while the NASDAQ fell 0.23% to 12,760.61. The S&P 500 also fell, dropping, 0.01% to 4,166.81.
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Leading and Lagging Sectors
Real estate shares jumped by 1.3% on Tuesday.
In trading on Tuesday, communication services shares fell by 0.3%.
Top Headline
Caterpillar Inc (NYSE: CAT) reported upbeat earnings for the third quarter.
Caterpillar reported a third-quarter FY23 revenue increase of 12% year-over-year to $16.81 billion, beating the consensus of $16.59 billion. The company’s adjusted earnings of $5.52 per share, compared to $3.95 a year ago, topped the consensus of $4.79.
For the fourth quarter, Caterpillar expects slightly higher sales and revenues vs 4Q22; Adjusted operating profit margin to be lower than 3Q23.
Equities Trading UP
SciSparc Ltd. (NASDAQ: SPRC) shares shot up 57% to $5.35 after the company announced it received notice of acceptance from the Australian patent office for its patent application for Combination of Opioids and N-Acylethanolamines for pain treatment.
Shares of Cardio Diagnostics Holdings, Inc. (NASDAQ: CDIO) got a boost, shooting 52% to $0.3245 after the company received an Innovation Technology contract from Vizient for its novel AI-driven precision heart disease tests.