Toward the end of trading Tuesday, the Dow traded up 0.33% to 35,374.03 while the NASDAQ rose 0.54% to 15,103.67. The S&P also rose, gaining 0.55% to 4,511.35.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 45,908,210 cases with around 746,500 deaths. India confirmed a total of at least 34,094,370 cases and 452,480 deaths, while Brazil reported over 21,651,910 COVID-19 cases with 603,520 deaths. In total, there were at least 242,021,450 cases of COVID-19 worldwide with more than 4,923,690 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Health care shares gained by 1.3% on Tuesday. Meanwhile, top gainers in the sector included HCW Biologics Inc. (NASDAQ: HCWB), up 16% and Ginkgo Bioworks Holdings, Inc. (NYSE: DNA) up 15%.
In trading on Tuesday, consumer staples shares fell 0.2%.
Top Headline
Johnson & Johnson (NYSE: JNJ) reported better-than-expected earnings for its third quarter and raised its FY21 forecast.
Johnson & Johnson reported quarterly earnings of $2.60 per share, beating analysts’ estimates of $2.36 per share. The company reported quarterly revenue of $23.34 billion, versus analysts’ estimates of $23.74 billion.
Johnson & Johnson raised FY21 guidance to overall sales of $94.1 billion - $94.6 billion ($93.8 billion - $94.6 billion previously), including $2.5 billion from COVID-19 vaccine sales. It expects adjusted EPS of $9.77-$9.82, as against...
Read Full Story: https://finance.yahoo.com/news/mid-afternoon-market-dow-surges-183546415.html
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