U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.16% to 42,192.35 while the NASDAQ rose 0.24% to 18,016.58. The S&P 500 also rose, gaining, 0.08% to 5,723.30.
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Leading and Lagging SectorsMaterials shares jumped by 1.1% on Tuesday.
In trading on Tuesday, real estate shares fell by 0.5%.
Top Headline
AutoZone, Inc (NYSE:AZO) reported weaker-than-expected earnings for its fourth quarter on Tuesday.
The company posted fourth-quarter earnings per share of $51.58, missing the Street view of $53.53. Quarterly revenues of $6.205 billion (+9.0% year over year) marginally missed the analyst consensus of $6.221 billion. Excluding sales from the additional week included in this year's quarter, adjusted sales were up 2.6%.
Equities Trading UP
Equities Trading DOWN
CommoditiesIn commodity news, oil traded up 2.1% to $71.87 while gold traded down 0.1% at $2,652.20.
Silver traded up 0.2% to $31.16 on Tuesday, while copper rose 2.8% to $4.4710.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.4%, Germany's DAX gained 0.3% and France's CAC 40 gained 1.1%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 rose 0.1%.
The Ifo Business Climate indicator for Germany fell to 85.4 in September versus 86.6 in the previous month.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.57%, Hong Kong's Hang Seng Index jumping 4.13%, China's Shanghai Composite Index gaining 4.15% and India's BSE Sensex gaining 0.02%.
The au Jibun Bank Flash Japan composite PMI declined to 52.5 in September compared to a final reading of 52.9 in August.
Economics
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