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Crude Oil Down 1%; Home Depot Posts Downbeat Sales
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 50 points on Tuesday.
The Dow traded up 0.05% to 39,449.40 while the NASDAQ rose 0.40% to 16,453.62. The S&P 500 also rose, gaining, 0.14% to 5,228.91 .
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Leading and Lagging SectorsReal estate shares rose by 0.7% on Tuesday.
In trading on Tuesday, consumer staples shares fell by 0.5%.
Top Headline
Home Depot Inc (NYSE:HD) reported downbeat sales for its first quarter on Tuesday.
Home Depot reported a first-quarter FY24 sales decline of 2.3% year-on-year to $36.418 billion, missing the analyst consensus estimate of $36.672 billion. EPS of $3.63 beat the consensus estimate of $3.59.
Equities Trading UP
Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares shot up 291% to $4.6083 as the company reported pricing of $8.19 million follow-on public offering.
Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) got a boost, surging 87% to $9.69 after surging 78% on Monday.
GameStop Corp. (NYSE: