U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 400 points on Tuesday.
The Dow traded up 1.08% to 45,703.52 while the NASDAQ rose 1.92% to 21,193.35. The S&P 500 also rose, gaining, 1.44% to 6,434.78.
Leading and Lagging Sectors
Communication services shares climbed by 2.2% on Tuesday.
In trading on Tuesday, utilities stocks fell by 0.7%.
Top Headline
FactSet Research Systems Inc. (NYSE:FDS) on Tuesday reported upbeat results for the second quarter and raised its outlook.
The company posted second-quarter sales of $611.02 million, surpassing analyst expectations of $604.51 million and representing a 7.1% year-over-year (Y/Y) gain. The company reported quarterly adjusted earnings per share of $4.46, exceeding the street view of $4.37.
FactSet now expects FY2026 adjusted EPS of $17.25-$17.75 (up from prior forecast of $16.90–$17.60) versus $17.49 analyst consensus and sales of $2.450 billion-$2.470 billion (up from prior outlook of $2.423 billion–$2.448 billion) versus $2.449 billion consensus estimate.
Equities Trading UP
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