TNON - Crude Oil Rises 2%; Avalo Therapeutics Shares Spike Higher | Benzinga
U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite falling over 100 points on Tuesday.
The Dow traded up 0.11% to 34,702.55 while the NASDAQ fell 0.86% to 13,797.73. The S&P 500, also fell, dropping, 0.42% to 4,468.82.
Check This Out: Adobe To Rally Over 14%? Here Are 10 Other Analyst Forecasts For Tuesday
Leading and Lagging Sectors
Energy shares jumped by 2.4% on Tuesday.
In trading on Tuesday, information technology shares fell by 1.5%.
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Shares of Oracle Corporation (NYSE: ORCL) fell around 12% on Tuesday after the company released first-quarter results.
Oracle reported first-quarter revenue of $12.45 billion, which was up 9% year-over-year, compared to market estimated of $12.46 billion. The company reported first-quarter adjusted earnings per share of $1.19, which beat a Street consensus estimate of $1.15.
Equities Trading UP
Tenon Medical, Inc. (NASDAQ: TNON) shares shot up 43% to $0.2063 after the company announced it has withdrawn its proposed public offering of shares of its common stock.
Shares of Avalo Therapeutics, Inc. (NASDAQ: AVTX) got a boost, shooting 39% to $0.1184 after the company agreed to divest AVTX-800 series.
Cognyte Software Ltd. (NASDAQ: CGNT) shares were ...