Following the market opening Tuesday, the Dow traded up 0.67 percent to 23,587.39 while the NASDAQ climbed 0.94 percent to 6,854.52. The S&P also rose, gaining 0.65 percent to 2,598.87.
Leading and Lagging Sectors;
In trading on Tuesday, cyclical consumer goods & services shares rose by just 0.2 percent. Meanwhile, top losers in the sector included Signet Jewelers Ltd. SIG 26.45%, down 25 percent, and DSW Inc. DSW 9.81% down 10 percent.
Lowe’s Companies, Inc. LOW 0.87% reported better-than-expected results for its third quarter.
Lowe’s reported Q3 earnings of $1.05 per share on revenue of $16.77 billion. However, analysts were expecting a profit of $1.03 per share on sales of $16.59 billion. Its comparable sales gained 5.7 percent during the quarter.
The company named Richard D. Maltsbarger as Chief Operating Officer.
Equities Trading UP;
Celsion Corporation CLSN 59.82% shares shot up 68 percent to $3.60. Oppenheimer analyst Hartaj Singh initiated coverage on the company with an Outperform rating and $9 price target.
Shares of Cheetah Mobile Inc (ADR) CMCM 22.57% got a boost, shooting up 18 percent to $12.76 after the company posted strong quarterly earnings.
Cubic Corporation CUB 14.67% shares were also up, gaining 16 percent to $62.15. Cubic reported Q4 net income of $13.2 million, after posting a loss in the year-ago period. Cubic also disclosed that it has been selected for contract from Boston MBTA to deliver next-generation fare payment system.
Equities Trading DOWN;
Cytokinetics, Inc. CYTK 29.64% shares dropped 32 percent to $7.53 after the company disclosed that its Phase 3 clinical trial of tirasemtiv in patients with ALS did not meet primary or secondary endpoints.
Shares of Signet Jewelers Ltd. SIG 26.45% were down 26 percent to $56.39 after the company reported a Q3 GAAP loss of $0.20 per share and lowered its FY 2018 earnings guidance.
DSW Inc. DSW 9.81% was down, falling around 11 percent to $20.10 as the company posted weaker-than-expected Q3 earnings and lowered its earnings forecast for the year.
In commodity news, oil traded up 0.04 percent to $56.44 while gold traded up 0.20 percent to $1,277.90.
Silver traded up 0.64 percent Tuesday to $16.95, while copper rose 0.24 percent to $3.123.
European shares were higher today. The eurozone’s STOXX 600 surged 0.53 percent, the Spanish Ibex Index rose 0.35 percent, while Italy’s FTSE MIB Index gained 0.87 percent. Meanwhile the German DAX gained 0.83 percent, and the French CAC 40 climbed 0.72 percent while U.K. shares rose 0.33 percent.
The Chicago Fed National Activity Index increased to 0.65 in October, versus a reading of 0.36 in September.
The Johnson Redbook Retail Sales Index declined 0.7 percent during the first three weeks of November versus October.
Existing-home sales rose 2 percent at an annual rate of 5.48 million in October. Economists projected a 5.42 million pace.
The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
Federal Reserve Chair Janet Yellen is set to speak in New York at 6:00 p.m. ET.