Dow Gains Over 50 Points; Chicago Fed National Activity Index Increases For November

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 50 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.09% to 37,418.31 while the NASDAQ rose 0.36% to 15,047.54. The S&P 500 also rose, gaining, 0.22% to 4,765.23.

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Leading and Lagging Sectors

Energy shares jumped by 0.8% on Tuesday.

In trading on Tuesday, financial shares fell by 0.1%.

Top Headline

The Chicago Fed National Activity Index increased to +0.03 in November, versus a revised reading of -0.66 in the prior month.

Equities Trading UP

ARB IOT Group Limited ARBB shares shot up 138% to $2.24 after gaining around 18% on Friday.

Shares of Inspira Technologies Oxy B.H.N. Ltd. IINN got a boost, surging 93% to $2.31 after the company announced 95% accuracy results for HYLA blood sensor.

Volcon, Inc. VLCN shares were also up, gaining 102% to $0.1998 after jumping around 24% on Friday.

Equities Trading DOWN

Adit EdTech Acquisition Corp. ADEX shares dropped 32% to $3.40. Adit EdTech Acquisition announced intention to voluntarily de-list from NYSE American.

Shares of Milestone Pharmaceuticals Inc. MIST were down 32% to $1.9550 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.

Oncternal Therapeutics, Inc. ONCT was down, falling 23% to $0.4599. Oncternal Therapeutics updated the status of its Phase 1/2 study of ONCT-808, a ROR1-targeting autologous CAR T, in patients with relapsed or refractory aggressive B-cell lymphoma.

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Commodities

In commodity news, oil traded up 0.1% to $73.59 while gold traded up 0.3% at $2,074.70.

Silver traded up 0.4% to $24.66 on Tuesday while copper rose 0.4% to $3.9195.

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.