Midway through trading Tuesday, the Dow traded down 0.37 percent to 26,160.51 while the NASDAQ gained 0.08 percent to 7,835.00.
The S&P also fell, dropping 0.1 percent to 2,864.40.
Leading and Lagging Sectors
On Tuesday, the materials shares rose 0.1 percent. Meanwhile, top gainers in the sector included Kirkland Lake Gold
Ltd (NYSE: KL) up 5 percent, and Great Panther
Mining Limited (NYSE: GPL) up 3 percent.
In trading on Tuesday, consumer staples shares fell 0.7 percent.
Top Headline
Walgreens Boots Alliance Inc (NASDAQ: WBA) reported-worse-than expected Q2 results and lowered FY19 EPS growth
guidance.
Walgreens reported quarterly earnings of $1.64 per share on sales of 34.5 billion. However, analysts were expecting earnings of
$1.74 per share on sales of $34.62 billion.
Walgreens Boots Alliance lowered its FY19 adjusted EPS guidance from up 7%-12% to roughly flat.
Equities Trading UP
ADMA Biologics Inc (NASDAQ: ADMA)
shares got a boost, shooting up 33 percent to $5.41 after the company announced FDA approval for its Asceniv Immune Globulin
Intravenous, Human - slra 10% liquid, an intravenous immune globulin drug product for the treatment of Primary Humoral
Immunodeficiency Disease, or PIDD, in adults and adolescents.
Shares of Sangamo Therapeutics Inc (NASDAQ: SGMO) shot up 27 percent to $12.14 after the company announced positive Phase 1/2
interim data for its investigational Hemophilia gene therapy.
EDAP TMS S.A. (NASDAQ: EDAP) shares
were also up, gaining 23 percent to $3.69 after reporting Q4 results.
Equities Trading DOWN
Apyx Medical Corp (NASDAQ: APYX) shares
dropped 46 percent to $3.7199 after the company withdrew its application for premarket notification 510(k) regulatory clearance of
j-plasma/renuvion for use in dermal resurfacing procedures.
Shares of Evoke Pharma Inc (NASDAQ: EVOK) were down 47 percent to $0.8951 after the company received a complete
response letter from the FDA addressing deficiencies in its New Drug Application for Gimoti.
Five Star Senior Living Inc. (NASDAQ: FVE) was down, falling around 36 percent to $0.6150 after the company announced the
restructuring of business arrangements with Senior Housing Properties. This includes a $25 million short-term revolving credit
facility provided by Senior Housing Properties Trust.
Commodities
In commodity news, oil traded up 1.3 percent to $62.38 while gold traded up 0.1 percent to $1,294.70.
Silver traded down 0.4 percent Tuesday to $15.035, while copper fell 0.6 percent to $2.9065.
Eurozone
European shares were higher today. The eurozone’s STOXX 600 climbed 0.35 percent, the Spanish Ibex Index rose 0.23 percent,
while Italy’s FTSE MIB Index rose 0.01 percent. Meanwhile the German DAX gained 0.62 percent, and the French CAC 40 climbed 0.33
percent while U.K. shares rose 1.01 percent.
Economics
Data on motor vehicle sales for March will be released today.
U.S. durable goods orders fell 1.6 percent for February, versus economists’ expectations for a 1.1 percent drop.
The Johnson Redbook Retail Sales Index was flat during the first four weeks of March versus February.
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