ORCL - Dow Jumps Over 100 Points; Oracle Posts Mixed Q2 Results | Benzinga
U.S. stocks turned higher midway through trading, with the Dow Jones index gaining more than 100 points on Tuesday.
The Dow traded up 0.35% to 36,533.63 while the NASDAQ rose 0.16% to 14,455.15 The S&P 500 also rose, gaining, 0.10% to 4,627.04
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Leading and Lagging Sectors
Industrials shares rose by 0.3% on Tuesday.
In trading on Tuesday, energy shares fell by 1%.
Top Headline
Oracle Corporation (NYSE: ORCL) reported upbeat earnings for its second quarter, while sales missed estimates.
Oracle reported quarterly adjusted earnings of $1.34 per share, topping the Street's estimate of $1.32. Revenue of $12.94 billion fell short of the analyst consensus estimate of $13.05 billion.
Equities Trading UP
Aditxt, Inc. (NASDAQ: ADTX) shares shot up 78% to $6.76. Aditxt agreed to acquire Evofem Biosciences in consideration of the issuance of a combination of common stock and preferred stock and the assumption of certain senior indebtedness, having an aggregate amount of approximately $100 million.
Shares of C4 Therapeutics, Inc. (NASDAQ: CCCC) got a boost, surging 93% to $2.28. C4 Therapeutics entered into an exclusive license and collaboration agreement with ...