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U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 150 points on Tuesday.
The Dow traded up 0.50% to 37,574.66 while the NASDAQ rose 0.50% to 15,068.50. The S&P 500 also rose, gaining, 0.45% to 4,776.17.
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Leading and Lagging Sectors
Energy shares jumped by 1.3% on Tuesday.
In trading on Tuesday, health care shares fell by 0.01%.
Top Headline
The FHFA house price index rose by 0.3% from the prior month in October.
Equities Trading UP
Gracell Biotechnologies Inc. GRCL shares shot up 60% to $9.91. AstraZeneca Plc AZN agreed to acquire Gracell Biotechnologies, further strengthening AstraZeneca’s cell therapy portfolio.
Shares of Inspira Technologies Oxy B.H.N. Ltd. IINN got a boost, surging 36% to $1.63 after the company announced 95% accuracy results for HYLA Blood Sensor. Additionally, the company plans FDA submission for clearance in 2024.
RayzeBio, Inc. RYZB shares were also up, gaining 101% to $61.38 after the company announced that it will be acquired by Bristol Myers Squibb for $62.50 per share in cash in a deal worth $4.1 billion.
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Equities Trading DOWN
Adit Know Labs, Inc. KNW shares dropped 20% to $0.4677 after the company announced an $18 million mixed shelf offering.
Shares of Milestone Pharmaceuticals Inc. MIST were down 32% to $1.96 after the company announced that it received a Refusal to File letter from the FDA for the New Drug Application for self-administered etripamil nasal spray for the treatment of paroxysmal supraventricular tachycardia.
PARTS iD, Inc. ID was down, falling 43% to $0.0489 after the company entered into a Credit Agreement with Fifth Star.
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Commodities
In commodity news, oil traded up 3.3% to $75.98 while gold traded up 0.1% at $2,069.40.
Silver traded down 0.4% to $24.465 on Tuesday while copper rose 0.1% to $3.9050.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.16%, and China’s Shanghai Composite Index falling 0.68%. India’s S&P BSE Sensex, meanwhile, rose 0.32%.
India’s current account deficit shrank to $8.3 billion in the July-September quarter from $30.9 billion in the year-ago quarter. Japan’s unemployment rate came in unchanged at 2.5% in November.
Economics
The Chicago Fed National Activity Index increased to +0.03 in November, versus a revised reading of -0.66 in the prior month.
The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.9% year-over-year in October, recording the largest surge since Nov. 2022.
The FHFA house price index rose by 0.3% from the prior month in October.
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