Mid-Day Market Update: Crude Oil Jumps 9%; GoodRx Holdings Shares Plunge
U.S. stocks remained lower midway through trading on Tuesday, amid the ongoing Russia-Ukraine conflict. The Dow traded down 1.17% to 33,497.30 while the NASDAQ fell 0.40% to 13,696.04. The SP also fell, dropping, 0.74% to 4,341.75. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Energy shares climbed by 0.9% on Tuesday. Meanwhile, top gainers in the sector included New Fortress Energy Inc. (NYSE: NFE ), up 14% and North European Oil Royalty Trust (NYSE: NRT ) up 10%. In trading on Tuesday, energy shares fell by 2.8%. Top Headline Target Corporation (NYSE: TGT ) reported better-than-expected earnings for its fourth quarter, while sales missed estimates. Target posted quarterly earnings of $3.19 per share, beating analysts’ estimates of $2.86 per share. The company’s quarterly sales came in at 31.00 billion, missing expectations of $31.41 billion. Target said it sees low-to-mid single digit revenue growth for 2022. Equities Trading UP iQIYI, Inc. (NASDAQ: IQ ) shares shot up 30% to $5.39 after the company reported fourth-quarter FY21 revenue of $1.2 billion, flat year-on-year, beating the consensus of $1.15 billion.
Mid-Day Market Update: Crude Oil Jumps 9%; GoodRx Holdings Shares Plunge
U.S. stocks remained lower midway through trading on Tuesday, amid the ongoing Russia-Ukraine conflict. The Dow traded down 1.17% to 33,497.30 while the NASDAQ fell 0.40% to 13,696.04. The SP also fell, dropping, 0.74% to 4,341.75. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Energy shares climbed by 0.9% on Tuesday. Meanwhile, top gainers in the sector included New Fortress Energy Inc. (NYSE: NFE ), up 14% and North European Oil Royalty Trust (NYSE: NRT ) up 10%. In trading on Tuesday, energy shares fell by 2.8%. Top Headline Target Corporation (NYSE: TGT ) reported better-than-expected earnings for its fourth quarter, while sales missed estimates. Target posted quarterly earnings of $3.19 per share, beating analysts’ estimates of $2.86 per share. The company’s quarterly sales came in at 31.00 billion, missing expectations of $31.41 billion. Target said it sees low-to-mid single digit revenue growth for 2022. Equities Trading UP iQIYI, Inc. (NASDAQ: IQ ) shares shot up 30% to $5.39 after the company reported fourth-quarter FY21 revenue of $1.2 billion, flat year-on-year, beating the consensus of $1.15 billion.