Following the market opening Tuesday, the Dow traded up 0.25 percent to 25,250.42 while the NASDAQ climbed 0.19 percent to 7,834.41. The S&P also rose, gaining 0.33 percent to 2,831.18.
Leading and Lagging Sectors;
In trading on Tuesday, information technology shares fell 0.01 percent.
Home Depot Inc HD 0.02% reported better-than-expected results for its second quarter and raised its forecast for the year.
Earnings came in at $3.05 per share, beating estimates of $2.84 per share. Sales came in at $30.463 billion, beating estimates of $30.01 billion.
Equities Trading UP;
HyreCar Inc. HYRE 31.41% shares shot up 34 percent to $3.71 after the company reported Q2 results and issued strong 2018 sales guidance.
Shares of Servotronics, Inc. SVT 16.15% got a boost, shooting up 18 percent to $11.30 following Q2 results. Servotronics posted Q2 earnings of $0.30 per share on sales of $11.95 million.
Truett-Hurst, Inc. THST 73.95% shares were also up, gaining 76 percent to $2.4599 after the company reported the sale of its wholesale wine business to Precept Brands for $18 million in cash.
Equities Trading DOWN;
Switch, Inc. SWCH 26.13% shares dropped 27 percent to $10.15 after the company reported weaker-than-expected earnings for its second quarter and lowered its 2018 guidance. The company also announced a $150 million buyback plan.
Shares of Veritone, Inc. VERI 19.94% were down 22 percent to $12.38 after the company missed Q2 EPS and sales estimates.
Alta Mesa Resources, Inc. AMR 17.93% was down, falling around 18 percent to $4.99 after the company announced downbeat Q2 results.
In commodity news, oil traded up 1.29 percent to $68.07 while gold traded up 0.32 percent to $1,202.70.
Silver traded up 0.42 percent Tuesday to $15.045, while copper fell 0.44 to $2.719.
European shares were mixed today. The eurozone’s STOXX 600 gained 0.03 percent, the Spanish Ibex Index fell 0.05 percent, while Italy’s FTSE MIB Index declined 0.19 percent. Meanwhile the German DAX rose 0.06 percent, and the French CAC 40 rose 0.05 percent while U.K. shares fell 0.22 percent.
The NFIB small business optimism index increased 0.7 points to a reading of 107.9 in July.
U.S. import prices were unchanged for July, while export prices fell 0.5 percent in July.
The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.