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US Stocks Edge Higher; General Motors Posts Upbeat Earnings
U.S. stocks traded slightly higher this morning, with the Nasdaq Composite gaining around 0.2% on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.01% to 40,421.01 while the NASDAQ rose 0.19% to 18,041.10. The S&P 500 also rose, gaining, 0.18% to 5,574.56.
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Leading and Lagging SectorsConsumer discretionary shares jumped by 0.8% on Tuesday.
In trading on Tuesday, utilities shares fell by 0.5%.
Top Headline
General Motors Company (NYSE:GM) reported better-than-expected second-quarter earnings and raised its guidance.
General Motors reported a fiscal second-quarter 2024 sales growth of 7.2% year-on-year to $47.97 billion, beating the analyst consensus estimate of $45.30 billion. The adjusted EPS of $3.06 beat the analyst consensus estimate of $2.72.
Equities Trading UP
Azitra, Inc. (NYSE:AZTR) shares shot up 517% to $10.00 after the company announced that ...