Dow Surges 250 Points; US Manufacturing PMI Tops Expectations

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 250 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.80% to 33,200.75 while the NASDAQ rose 0.88% to 13,132.62. The S&P 500 also rose, gaining, 0.79% to 4,250.15.

Check This Out: 'Never Buy A Drug Stock Just For The Yield': Jim Cramer On This Big Pharma Company

 

Leading and Lagging Sectors

 

Utilities shares rose by 1.7% on Tuesday.

In trading on Tuesday, energy shares fell by 0.3%.

 

Top Headline

 

The S&P Global manufacturing PMI for the US increased to 50 in October from 49.8 in the prior month and topping market expectations of 49.5. The S&P Global services PMI rose to 50.9 in October versus 50.1 a month ago.

 

Equities Trading UP

 

InMed Pharmaceuticals Inc. (NASDAQ: INM) shares shot up 187% to $1.66. InMed Pharmaceuticals said INM-901 demonstrates unique pharmacological effects in Alzheimer's disease in preclinical proof-of-concept studies.

Shares of Ascent Solar Technologies, Inc. (NASDAQ: ASTI) got a boost, shooting 76% to $1.73 after the company received encouragement from the U.S. Department of Energy to submit a full application for federal funding of the Agrivoltaic Product ...

Full story available on Benzinga.com


Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.


Disclaimer Press Release Banner
Related Press Releases
Happy Chinese New Year Tour Helped Ringing in the Lunar New Year with Seven Events in the United States to Showcase Chinese Craftsmanship and Art Forms

Happy Chinese New Year Tour Helped Ringing in the Lunar New...

Faceswap AI Online Tool: Anakin AI Unleash the Digital Creativity for Everyone

Faceswap AI Online Tool: Anakin AI Unleash the Digital Creat...

Lana Evanova's Impressionistic Acrylic Paintings Enchant the Art Community at Arte Fiera 2024

Lana Evanova's Impressionistic Acrylic Paintings Enchant the...

VPTrade.com Expands Reach: Innovative Trading Platform Now in Latin America and Asia

VPTrade.com Expands Reach: Innovative Trading Platform Now i...

ToyHub247.com: A New Destination for Online Toy Shopping

ToyHub247.com: A New Destination for Online Toy Shopping

SASSA Status Check launched an updated tool for grant beneficiaries

SASSA Status Check launched an updated tool for grant benefi...

Embark on a New Era of Travel and Web3-Related Ecosystem with XINTEL – The Gateway to Unprecedented SocialFi

Embark on a New Era of Travel and Web3-Related Ecosystem wit...

Real Street Capital Announces Regulation A+ Offering to Raise $25 Million for REAL STREET BUILD-TO-RENT FUND I, LLC.

Real Street Capital Announces Regulation A+ Offering to Rais...

Announcing the Launch of Kosa Salon SF’s New Website: A New Luxury Hair Salon in San Francisco

Announcing the Launch of Kosa Salon SF’s New Website: A New...