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Dow Surges 200 Points; Designer Brands Shares Plunge Following Q1 Earnings

U.S. stocks turned higher toward the end of trading, with the Dow Jones gaining around 200 points on Tuesday. The Dow traded up 0.53% to 38,774.55 while the NASDAQ rose 0.29% to 16,877.87. The S&P 500 also rose, gaining, 0.25% to 5,296.54. Check This Out: Top 3 Financial Stocks You’ll Regret Missing This Quarter Leading and Lagging SectorsReal estate shares rose by 1.3% on Tuesday. In trading on Tuesday, materials shares fell by 1.4%. Top Headline Shares of Designer Brands Inc (NYSE:DBI) dipped more than 22% on Tuesday after the company reported worse-than-expected first-quarter earnings. The company reported first-quarter FY24 sales growth of 0.6% year-on-year to $746.596 million, beating the analyst consensus estimate of $741.630 million. Total comparable sales decreased by 2.5%. Adjusted EPS of 8 cents missed the analyst consensus estimate of 21 cents. Equities Trading UP                        MicroAlgo Inc (NASDAQ:MLGO) shares shot up 558% to $10.26 after the company announced that it will jointly establish a micro-consciousness quantum research center with WiMi. Shares of Sobr Safe ...