PALI - Dow Jumps Over 200 Points; US Services PMI Falls In April | Benzinga
U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 200 points on Tuesday.
The Dow traded up 0.60% to 38,470.94 while the NASDAQ rose 1.44% to 15,673.22. The S&P 500 also rose, gaining, 1.08% to 5,064.48.
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Leading and Lagging Sectors
Communication services shares climbed by 1.7% on Tuesday.
In trading on Tuesday, materials shares fell by 0.8%.
Top Headline
The S&P Global services PMI fell to 50.9 in April, recording the weakest level in five months and missing market estimates of 52.
Equities Trading UP
- Cyngn Inc. (NASDAQ:CYN) shares shot up 70% to $0.2030 after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere’s operation in Dubuque, Iowa.
- Shares of Oportun Financial Corporation (NASDAQ:OPRT) got a boost, surging 36% to $3.0503 after the company announced preliminary first-quarter total revenue above estimates.
- Palisade Bio, Inc. (NASDAQ:PALI) shares were also up, gaining ...