LKQ - Crude Oil Moves Higher; General Motors Earnings Top Views | Benzinga
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining more than 1% on Tuesday.
The Dow traded up 0.68% to 38,499.41 while the NASDAQ rose 1.69% to 15,711.94. The S&P 500 also rose, gaining, 1.24% to 5,072.91.
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Communication services shares climbed by 2% on Tuesday.
In trading on Tuesday, materials shares fell by 0.5%.
Top Headline
General Motors Company (NYSE:GM) reported better-than-expected earnings for its fiscal first quarter.
The company posted quarterly sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst consensus estimate of $41.88 billion. Adjusted EPS of $2.62 beat the consensus estimate of $2.14.
General Motors projects adjusted EPS of $9.00 – $10.00 (prior $8.50 – $9.50) versus consensus of $9.08.
Equities Trading UP