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Stocks Skyrocket: Dow Gains Over 50 Points! Dow Gains Over 50 Points; Chicago Fed National Activity Index Increases For November

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    <title>Stocks Skyrocket: Dow Gains Over 50 Points!</title>
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    Dow Gains Over 50 Points; Chicago Fed National Activity Index Increases For November




U.S. stocks took the bull by the horns this morning, with the Dow Jones index gaining more than 50 points on Tuesday.


As the market opened Tuesday, the Dow shouted up 0.09% to 37,418.31 while the NASDAQ danced 0.36% higher to 15,047.54. The S&P 500 also hit the dance floor, gaining 0.22% to 4,765.23.


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Leading and Lagging Sectors


 


Energy shares skyrocketed by 0.8% on Tuesday.


Meanwhile, in trading on Tuesday, financial shares stumbled by 0.1%.






 




Top Headline


 


The Chicago Fed National Activity Index roared to +0.03 in November, compared to a revised reading of -0.66 in the previous month.


 


Equities Trading UP


 


ARB IOT Group Limited ARBB shares blasted off by 138% to $2.24 after making an 18% leap on Friday.


Shares of Inspira Technologies Oxy B.H.N. Ltd. IINN soared 93% to $2.31 following the company’s announcement of 95% accuracy results for the HYLA blood sensor.


Volcon, Inc. VLCN shares also climbed, gaining 102% to $0.1998 after a 24% surge on Friday.


 




Equities Trading DOWN


 


Adit EdTech Acquisition Corp. ADEX shares plunged 32% to $3.40. Adit EdTech Acquisition announced its intention to voluntarily de-list from NYSE American.


Shares of Milestone Pharmaceuticals Inc. MIST were down 32% to $1.9550 after the company announced that it received a Refusal to File letter from the FDA for the New Drug Application for self-administered etripamil nasal spray for the treatment of paroxysmal supraventricular tachycardia.


Oncternal Therapeutics, Inc. ONCT was down, falling 23% to $0.4599. Oncternal Therapeutics updated the status of its Phase 1/2 study of ONCT-808, a ROR1-targeting autologous CAR T, in patients with relapsed or refractory aggressive B-cell lymphoma.


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Commodities


 


In commodity news, oil traded up 0.1% to $73.59 while gold traded up 0.3% at $2,074.70.


Silver traded up 0.4% to $24.66 on Tuesday while copper rose 0.4% to $3.9195.


 


Asia Pacific Markets


 


Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.16%, and China’s Shanghai Composite Index falling 0.68%. India’s S&P BSE Sensex, meanwhile, rose 0.32%.


India’s current account deficit shrank to $8.3 billion in the July-September quarter from $30.9 billion in the year-ago quarter. Japan’s unemployment rate came in unchanged at 2.5% in November.


 


Economics


 


The Chicago Fed National Activity Index increased to +0.03 in November, versus a revised reading of -0.66 in the previous month.


The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.9% year-over-year in October, recording the largest surge since Nov. 2022.


The FHFA house price index rose by 0.3% from the previous month in October.


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