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

Benzinga12-04

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.

Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 4% Dividend Yields

Leading and Lagging SectorsCommunication 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. (NASDAQ: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 (NASDAQ: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. (NYSE: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. (NASDAQ:OPTT) shares dropped 56% to $0.3069 after the company issued preliminary second-quarter financial results.
  • Shares of indie Semiconductor, Inc. (NASDAQ: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 (NYSE:LPA) was down, falling 23% to $10.11 after jumping 77% on Monday.

CommoditiesIn 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.

Now Read This:

  • Top 3 Financial Stocks That Could Lead To Your Biggest Gains In Q4
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment