Toward the end of trading Tuesday, the Dow traded down 0.05% to 28,893.91 while the NASDAQ fell 0.34% to 9,242.31. The S&P also fell, dropping 0.28% to 3,278.76.
Leading and Lagging Sectors
Industrial shares climbed 0.5% on Tuesday. Meanwhile, top gainers in the sector included US Xpress Enterprises Inc USX, up 8%, and Bloom Energy Corp BE, up 9%.
In trading on Tuesday, real estate shares fell 0.6%.
Top Headline
JPMorgan Chase & Co. JPM reported better-than-expected results for its fourth quarter on Tuesday.
JPMorgan reported earnings of $2.57 per share, which beat the analyst consensus estimate of $2.35. The company reported fourth-quarterly sales of $28.3 billion, which beat the analyst consensus estimate of $27.96 billion
Equities Trading UP
RTI Surgical Holdings, Inc. RTIX shares shot up 68% to $4.65 after the company announced it will sell its OEM Business for $490 million. The company also issued preliminary Q4 and FY19 sales guidance above analyst estimates.
Shares of XBiotech Inc. XBIT got a boost, shooting up 32% to $24.66 after the company announced it has commenced a tender offer to purchase up to $420 million of its common shares.
IRIDEX Corporation IRIX shares were also up, gaining 50% to $3.55 after the company reported strong preliminary sales for the fourth quarter and full year 2019.
Equities Trading DOWN
Stemline Therapeutics, Inc. STML shares tumbled 33% to $6.29. Stemline Therapeutics announced preliminary results for 2019 and said it expects Elzonris net revenue of $43.2 million for the full year and $11.8 million for the fourth quarter. Analysts, on average, are forecasting revenue of $15.06 million for the fourth quarter and $46.44 million for the full year..
Shares of CounterPath Corporation CPAH were down 21% to $2.6660 after dropping 14.03% on Monday.
GameStop Corp. GME was down, falling 11% to $4.85 after the company reported holiday sales were down 27.5% year-over-year and comparable sales were down 24.7% year-over-year.
Commodities
In commodity news, oil traded up 0.6% to $58.41, while gold traded down 0.4% to $1,544.00.
Silver traded down 1.2% Tuesday to $17.775, while copper rose 0.4% to $2.871.
Euro zone
European shares closed mostly higher today. The eurozone’s STOXX 600 gained 0.29%, the Spanish Ibex Index fell 0.16%, while Italy’s FTSE MIB Index climbed 0.13% Meanwhile, the German DAX gained 0.04%, and the French CAC 40 rose 0.08% while UK shares rose 0.06%.
Economics
The NFIB small business optimism index dropped to 102.7 in December, versus a reading of 104.7 in November.
The Consumer Price Index rose 0.2% for December, versus economists’ expectations for a 0.2% increase.
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