Crude Oil Surges Over 2%; US Job Openings Increase In October

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite moving higher on Tuesday.

The Dow traded down 0.04% to 44,765.78 while the NASDAQ rose 0.11% to 19,424.83. The S&P 500 also fell, dropping, 0.02% to 6,046.23.

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Leading and Lagging Sectors

Communication services shares jumped by 0.2% on Tuesday.

In trading on Tuesday, industrials shares fell by 0.8%.

Top Headline

The number of job openings rose by 372,000 to 7.744 million in October compared to a revised reading of 7.372 million in September and higher than market estimates of 7.48 million.

Equities Trading UP
                       

• Cheetah Net Supply Chain Service Inc. CTNT shares shot up 227% to $6.14 after the company announced the acquisition of TW & EW Services in a cash and stock mixed transaction valued at $1 million.
• Shares of ZJK Industrial Co., Ltd ZJK got a boost, surging 166% to $16.89 after the company announced it received a request to produce samples for one of NVIDIA’s upcoming liquid cooling manifold projects.
• PSQ Holdings, Inc. PSQH shares were also up, gaining 106% to $4.24 following a report suggesting Donald Trump Jr. will join the company’s board.

Equities Trading DOWN

• Ocean Power Technologies, Inc. OPTT shares dropped 56% to $0.3069 after the company issued preliminary second-quarter financial results.
• Shares of indie Semiconductor, Inc. INDI were down 20% to $4.2201 after the company announced plans to offer $175 million in convertible senior notes due 2029.
• Logistic Properties of the Americas LPA was down, falling 23% to $10.11 after jumping 77% on Monday.

Commodities

In commodity news, oil traded up 2.3% to $69.64 while gold traded up 0.1% at $2,659.40.

Silver traded up 1.2% to $31.245 on Tuesday, while copper rose 1.6% to $4.1965.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.36%, Germany's DAX climbed 0.31% and France's CAC 40 rose 0.13%. Spain's IBEX 35 Index rose 1.10%, while London's FTSE 100 rose 0.66%.

Retail sales in the UK fell 3.4% in November compared to market estimates of a 0.7% gain.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 1.91%, Hong Kong's Hang Seng Index gaining 1%, China's Shanghai Composite Index climbing 0.44% and India's BSE Sensex gaining 0.74%.

Economics

• The Logistics Manager's Index fell to 58.4 in November from October's reading of 58.9.
• The RealClearMarkets/TIPP Economic Optimism Index rose by 0.8 points to a reading of 54 in December, recording the strongest reading since Aug. 2021, but down from market estimates of 54.1.
• The number of job openings rose by 372,000 to 7.744 million in October compared to a revised reading of 7.372 million in September and higher than market estimates of 7.48 million.

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