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Dow Gains Over 50 Points; Neogen Posts Downbeat Earnings
U.S. stocks traded higher this morning, with the Dow Jones index gaining over 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.20% to 38,972.32 while the NASDAQ rose 0.40% to 16,319.23. The S&P 500 also rose, gaining, 0.32% to 5,219.29.
Check This Out: Robinhood To Rally Around 51%? Here Are 10 Top Analyst Forecasts For Tuesday
Leading and Lagging Sectors
Communication services shares jumped by 0.8% on Tuesday.
In trading on Tuesday, financial shares rose by just 0.1%.
Top Headline
Neogen Corporation (NASDAQ: NEOG) reported worse than expected third-quarter earnings and cut 2024 guidance.
Neogen posted adjusted earnings of 12 cents per share, missing market expectations of 14 cents per share. The company’s quarterly sales came in at $228.812 million versus estimates of $230.011 million.
Equities Trading UP
Laser Photonics Corporation (NASDAQ: LASE) shares shot up 174% to $3.9250 after the company announced it secured an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies.
Shares of Acrivon Therapeutics, Inc. ...