Midway through trading Tuesday, the Dow traded up 0.13 percent to 22,359.20 while the NASDAQ climbed 0.13 percent to 6,462.98.
The S&P also rose, gaining 0.09 percent to 2,506.23.
Leading and Lagging Sectors
On Tuesday, the telecommunications services shares surged 0.57 percent. Meanwhile, top gainers in the sector included
Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI),
up 2 percent, and Mobil'nye Telesistemy PAO (ADR) (NYSE: MBT), up 2 percent.
In trading on Tuesday, healthcare shares fell 0.22 percent. Meanwhile, top losers in the sector included NewLink Genetics
Corp (NASDAQ: NLNK), down 5 percent, and Molina
Healthcare, Inc. (NYSE: MOH) down 6 percent.
Top Headline
AutoZone, Inc. (NYSE: AZO) reported
stronger-than-expected earnings for its fourth quarter.
AutoZone posted Q4 adjusted earnings of $15.18 per share on revenue of $3.51 billion. However, analysts were expecting earnings
of $15.11 per share on sales of $3.49 billion.
Equities Trading UP
Bob Evans Farms Inc (NASDAQ: BOBE) shares shot up
6 percent to $77.04 after Post Holdings Inc (NYSE: POST) announced plans to purchase the company for $77 per share.
Shares of Nabriva Therapeutics plc (NASDAQ: NBRV)
got a boost, shooting up 16 percent to $10.25. Nabriva Therapeutics announced a $80 million common stock offering.
Quidel Corporation (NASDAQ: QDEL) shares were also
up, gaining 11 percent to $45.20. Piper Jaffray upgraded Quidel from Neutral to Overweight.
Equities Trading DOWN
Synchronoss Technologies, Inc. (NASDAQ: SNCR)
shares dropped 37 percent to $10.50 after Siris Capital disclosed that it is no longer interested in an all cash takeover of the
company.
Shares of Mediwound Ltd (NASDAQ: MDWD) were down
17 percent to $5.00. Mediwound priced its 4,400,000 offering of ordinary shares at $5 per share.
Aldeyra Therapeutics Inc (NASDAQ: ALDX) was down,
falling around 19 percent to $7.40. Aldeyra Therapeutics reported proposed public offering of common stock.
Commodities
In commodity news, oil traded up 0.14 percent to $49.98 while gold traded up 0.15 percent to $1,312.80.
Silver traded up 0.75 percent Tuesday to $17.285, while copper fell 0.13 percent to $2.965.
Eurozone
European shares were mostly higher today. The eurozone’s STOXX 600 fell 0.03 percent, the Spanish Ibex Index rose 0.37 percent,
while Italy’s FTSE MIB Index climbed 0.02 percent. Meanwhile the German DAX declined 0.04 percent, and the French CAC 40 gained
0.16 percent while U.K. shares rose 0.35 percent.
Economics
The Federal Open Market Committee will begin its two-day policy meeting today.
U.S. housing starts declined 0.8 percent to an annual rate of 1.18 million in August, compared to revised 1.19 million in July.
Building permits increased 5.70 percent for August.
The U.S. current-account deficit climbed 8.5 percent to $123.1 billion in the second quarter.
The import price index rose 0.6 percent for August.
The Johnson Redbook Retail Sales Index rose 0.1 percent during the first three weeks of September versus August.
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