TENX - Dow Jumps Over 100 Points; Eli Lilly Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.34% to 38,509.84 while the NASDAQ rose 0.21% to 15,629.82. The S&P 500 also rose, gaining, 0.17% to 4,951.38.
Check This Out: Uber To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Tuesday
Leading and Lagging Sectors
Materials shares rose by 0.9% on Tuesday.
In trading on Tuesday, utilities shares fell by 0.4%.
Top Headline
Eli Lilly And Co (NYSE: LLY) posted better-than-expected earnings for its fourth quarter.
Eli Lilly reported fourth-quarter of 2023 revenue of $9.35 billion, up 28% Y/Y, beating the consensus of $8.93 billion driven by increases of 16% due to higher realized prices, 11% in volume, and 1% from the favorable impact of foreign exchange rates. Eli Lilly posted an adjusted EPS of $2.49, beating the consensus of $2.19, up 19% Y/Y.
Equities Trading UP
InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) shares shot up 168% to $0.5941 after dipping around 26% on Monday.
Shares of Tenax Therapeutics, Inc. (NASDAQ: TENX) got ...