Mid-Morning Market Update: Markets Open Higher; US Producer Prices Increase 0.8% In May
U.S. stocks traded higher this morning, with the Dow Jones gaining by more than 100 points on Tuesday. Following the market opening Tuesday, the Dow traded up 0.45% to 30,653.98 while the NASDAQ rose 0.52% to 10,865.65. The SP also rose, gaining, 0.59% to 3,771.92. Also check this: Lions Gate Entertainment And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Energy shares jumped by 2.8% on Tuesday. Meanwhile, top gainers in the sector included Continental Resources, Inc. (NYSE: CLR ), up 15% and Dynagas LNG Partners LP (NYSE: DLNG ) up 6%. In trading on Tuesday, real estate shares fell by 0.4%. Top Headline US producer prices rose 0.8% month-over-month in May, following a 0.4% increase in the previous month. Analysts were also expecting for a 0.8% increase in prices. Equities Trading UP Houston American Energy Corp. (NYSE: HUSA ) shares shot up 24% to $7.78. Shares of New Oriental Education Technology Group Inc. (NYSE: EDU ) got a boost, shooting 20% to $20.45. JP Morgan, on …
Mid-Morning Market Update: Markets Open Higher; US Producer Prices Increase 0.8% In May
U.S. stocks traded higher this morning, with the Dow Jones gaining by more than 100 points on Tuesday. Following the market opening Tuesday, the Dow traded up 0.45% to 30,653.98 while the NASDAQ rose 0.52% to 10,865.65. The SP also rose, gaining, 0.59% to 3,771.92. Also check this: Lions Gate Entertainment And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Energy shares jumped by 2.8% on Tuesday. Meanwhile, top gainers in the sector included Continental Resources, Inc. (NYSE: CLR ), up 15% and Dynagas LNG Partners LP (NYSE: DLNG ) up 6%. In trading on Tuesday, real estate shares fell by 0.4%. Top Headline US producer prices rose 0.8% month-over-month in May, following a 0.4% increase in the previous month. Analysts were also expecting for a 0.8% increase in prices. Equities Trading UP Houston American Energy Corp. (NYSE: HUSA ) shares shot up 24% to $7.78. Shares of New Oriental Education Technology Group Inc. (NYSE: EDU ) got a boost, shooting 20% to $20.45. JP Morgan, on …