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Nasdaq Moves Lower; Great Lakes Dredge & Dock Shares Surge Following Upbeat Earnings
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 0.2% on Tuesday.
The Dow traded up 0.01% to 38,857.00 while the NASDAQ fell 0.20% to 16,316.79. The S&P 500 also rose, gaining, 0.03% to 5,182.40.
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Leading and Lagging SectorsMaterials shares rose by 1% on Tuesday.
In trading on Tuesday, consumer discretionary shares fell by 0.8%.
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Shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) jumped around 24% on Tuesday following better-than-expected first-quarter financial results.
Great Lakes Dredge & Dock posted quarterly earnings of 31 cents per share, beating market estimates of 7 cents per share. The company's sales came in at $198.66 million versus expectations of $173.50 million.
Equities Trading UP
Nuwellis, Inc. (NASDAQ:NUWE) shares shot up 44% to $0.2457 after the company posted a narrower-than-expected quarterly loss.
Shares of Bioventus Inc. (NASDAQ:BVS) got a boost, surging 27% to $5.09 after the company reported better-than-expected first-quarter ...