Dow Rises Over 50 Points; AutoZone Posts Downbeat Earnings

Benzinga
2024-09-24

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.

Check This Out: How To Earn $500 A Month From Nvidia Stock

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                       

  • Maison Solutions Inc. (NASDAQ:MSS) shares shot up 151% to $1.8399 after the company reported a year-over-year increase in first-quarter sales results.
  • Shares of Seelos Therapeutics, Inc. (NASDAQ:SEEL) got a boost, surging 115% to $0.4040 after the company announced it signed a material transfer agreement to supply SLS-002 for the Department of Defense’s military and veterans adaptive platform clinical trial for PTSD.
  • Banzai International, Inc. (NASDAQ:BNZI) shares were also up, gaining 75% to $7.31. Banzai announced $24.8 million debt payoff and restructuring agreements with participation from company insiders.

Equities Trading DOWN

  • BioVie Inc. (NASDAQ:BIVI) shares dropped 53% to $1.32 after the company announced it raised $3 million through a secondary offering of 1.96 million shares at $1.53 per share.
  • Shares of Laser Photonics Corporation (NASDAQ:LASE) were down 27% to $13.78. Laser Photonics appointed Robert Hoffman as its new Outside Sales Director.
  • ReShape Lifesciences Inc (NASDAQ:RSLS) was down, falling 19% to $6.45.

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

  • The S&P CoreLogic Case-Shiller home price index in increased by 5.9% year-over-year in July compared to a 6.5% rise in the previous month.
  • The FHFA house prices index rose 0.1% in July, compared to market estimates of a 0.2% increase.

Now Read This:

  • Top 4 Industrials Stocks Which Could Rescue Your Portfolio This Quarter

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10