US Stocks Mixed; Cardinal Health Shares Jump After Q4 Results

Benzinga Earnings08-11 21:52

U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 150 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.33% to 54,155.51 while the NASDAQ fell 0.19% to 26,556.16. The S&P 500 also rose, gaining, 0.05% to 7,757.09.

Leading and Lagging Sectors

Industrials shares jumped by 1% on Tuesday.

In trading on Tuesday, communication services stocks fell by 1.1%.

Top Headline

Cardinal Health, Inc (NYSE:CAH) shares jumped around 8% after the company posted results for the fourth quarter.

The company posted adjusted earnings of $2.91 per share, beating market estimates of $2.42 per share. The company’s sales came in at $63.672 billion, missing expectations of $65.029 billion.

Equities Trading UP           

  • WF International Ltd (NASDAQ:WXM) shares shot up 169% to $10.74.
  • Shares of Planet Green Holdings Corp (NYSE:PLAG) got a boost, surging 103% to $1.15 after the company announced entry into commercial operations to source, market and distribute lactoferrin for Chinese market.
  • Global Engine Group Holding Ltd (NASDAQ:GLE) shares were also up, gaining 57% to $0.61 after the company announced a strategic collaboration agreement with Angkasa-X to develop Space-to-AI digital infrastructure platform in Sarawak, Malaysia.

Equities Trading DOWN

  • CleanCore Solutions Inc (NYSE:ZONE) shares dropped 52% to $0.17 after the company reported pricing of $100 million public offering.
  • Shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) were down 35% to $1.44 after the company reported worse-than-expected Q2 sales results and approved a $125 million backstopped rights offering.
  • Socket Mobile Inc (NASDAQ:SCKT) was down, falling 34% to $1.41. Socket Mobile shares jumped 452% on Monday after the company announced a North America distribution agreement with 3Eye Technologies for the company’s Apple-based scanning solutions.

CommoditiesIn commodity news, oil traded up 0.4% to $82.43 while gold traded up 0.6% at $4,447.70.

Silver traded down 0.3% to $65.070 on Tuesday, while copper rose 0.6% to $6.6585.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.2%, while Spain’s IBEX 35 Index rose 0.6% London’s FTSE 100 rose 0.1%, Germany’s DAX gained 0.2%, while France’s CAC 40 fell 0.1%.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Hong Kong’s Hang Seng index dipping 1.10%, China’s Shanghai Composite falling 0.82% and India’s BSE Sensex declining 0.49%.

Economics

The US NFIB small business optimism index rose to 99.8 in July from 97.4 in June and beating market estimates of 97.5.

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