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Dow Gains Over 100 Points; Bank of America Posts Upbeat Profit
U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.35% to 37,865.71 while the NASDAQ fell 0.13% to 15,865.09. The S&P 500 also fell, dropping, 0.12% to 5,055.53.
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Leading and Lagging Sectors
Health care shares rose by 0.4% on Tuesday.
In trading on Tuesday, real estate shares fell by 1.7%.
Top Headline
Bank of America Corp (NYSE: BAC) reported better-than-expected earnings for its first quarter.
The company posted quarterly adjusted net income of $7.2 billion and adjusted EPS of 83 cents, beating the consensus of 77 cents. Revenue, net of interest expense, decreased 2% year over year to $25.8 billion. Adjusted revenue declined 1.6% year over year to $25.98 billion, beating the consensus of $25.46 billion.
Equities Trading UP
Palisade Bio, Inc. (NASDAQ: PALI) shares shot up 97% to $8.18 after the company announced the completion of analysis evaluating ex-vivo bioactivation of PALI-2108.
Shares of WiSA Technologies, Inc. (NASDAQ: WISA) got a boost, surging 66% to $2.9136 after the company announced a 5-year ...