Nasdaq Surges Over 100 Points; Academy Sports And Outdoors Posts Downbeat Earnings

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U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.60% to 47,229.35 while the NASDAQ rose 0.54% to 22,495.65. The S&P 500 also rose, gaining, 0.55% to 6,736.04.

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Leading and Lagging Sectors

Energy shares climbed by 1.3% on Tuesday.

In trading on Tuesday, industrials stocks fell by 0.1%.

Top Headline

Academy Sports and Outdoors Inc (NASDAQ:ASO) reported downbeat earnings for the fourth quarter on Tuesday.

The company posted quarterly earnings of $1.97 per share which missed the analyst consensus estimate of $2.06 per share. The company reported quarterly sales of $1.719 billion which missed the analyst consensus estimate of $1.758 billion.

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Full story available on Benzinga.com

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