Dow Jumps 400 Points; TD Synnex Posts Upbeat Earnings

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U.S. stocks traded higher this morning, with the Dow Jones index gaining around 400 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.90% to 45,625.16 while the NASDAQ rose 1.61% to 21,128.95. The S&P 500 also rose, gaining, 1.23% to 6,421.63.

Leading and Lagging Sectors

Communication services shares climbed by 1.8% on Tuesday.

In trading on Tuesday, utilities stocks fell by 0.6%.

Top Headline

TD SYNNEX Corporation (NYSE:SNX) posted better-than-expected earnings for the first quarter on Tuesday.

The company posted adjusted EPS of $4.73, beating market estimates of $3.31. The company’s sales came in at $17.161 billion, versus estimates of $15.591 billion.

TD Synnex said it sees second-quarter adjusted EPS of $3.75-$4.25, versus market estimates of $3.45. The company sees sales of $16.100 billion-$16.900 billion, versus expectations of $15.798 billion.

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Full story available on Benzinga.com

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