U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 300 points on Tuesday.
The Dow traded up 0.63% to 48,519.83 while the NASDAQ rose 1.78% to 23,595.68. The S&P 500 also rose, gaining, 1.09% to 6,961.28.
Leading and Lagging Sectors
Consumer discretionary shares climbed by 1.8% on Tuesday.
In trading on Tuesday, energy stocks fell by 2.3%.
Top Headline
Wells Fargo & Company (NYSE:WFC) reported worse-than-expected first-quarter financial results.
Wells Fargo reported quarterly earnings of $1.56 per share which missed the analyst consensus estimate of $1.58 per share. The company reported quarterly sales of $21.446 billion which missed the analyst consensus estimate of $21.767 billion.
Equities Trading UP
- Travere Therapeutics Inc (NASDAQ:TVTX) shares shot up 35% to $41.29 after the company announced that the FDA approved FILSPARI to reduce proteinuria in adult and pediatric patients aged 8 years and older with focal segmental glomerulosclerosis without nephrotic …
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