Dow Surges Over 100 Points; US Trade Deficit Widens In November

Author: Avi Kapoor | January 07, 2025 10:00am

U.S. stocks traded higher this morning, with the Dow Jones index jumping more than 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.30% to 42,833.91 while the NASDAQ gained 0.24% to 19,912.40. The S&P 500 also rose, gaining, 0.30% to 5,993.11.

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Leading and Lagging Sectors

Health care shares jumped by 1.1% on Tuesday.

In trading on Tuesday, consumer discretionary shares fell by 0.3%.

Top Headline

The U.S. trade deficit increased to $78.2 billion in November versus a revised $73.6 billion gap in the previous month and mostly in-line with market estimates. Imports increased 3.4% to $351.6 billion, while exports rose 2.7% to $273.4 billion.

Equities Trading UP
                       

• XTI Aerospace, Inc. (NASDAQ:XTIA) shares shot up 115% to $0.1881.
• Shares of Hoth Therapeutics, Inc. (NASDAQ:HOTH)got a boost, surging 98% to $1.62 after the company announced safety results from its Phase 2a trial, showing that 100% of patients in Cohort 1 achieved the primary efficacy endpoint.
• AEye, Inc. (NASDAQ:LIDR) shares were also up, gaining 71% to $3.9901.

Equities Trading DOWN

• Acelyrin, Inc. (NASDAQ:SLRN) shares dropped 39% to $2.1270 after the company announced additional Phase 2 data and the Phase 3 program design for lonigutamab in Thyroid Eye Disease. HC Wainwright & Co. cut its price target on the stock from $8 to $6.
• Shares of Amesite Inc. (NASDAQ:AMST) were down 34% to $2.6800 after the company announced a $3.6 million public offering of 1.2 million shares.
• Lifeward Ltd. (NASDAQ:LFWD) was down, falling 31% to $2.1095 after the company announced a $5 million registered direct offering.

Commodities

In commodity news, oil traded up 1% to $74.26 while gold traded up 1% at $2,672.80.

Silver traded up 0.9% to $30.850 on Tuesday, while copper rose 0.9% to $4.1980.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.5%, Germany's DAX 40 gained 0.7% and France's CAC 40 climbed 0.9%. Spain's IBEX 35 Index rose 0.3%, while London's FTSE 100 slipped 0.1%.

Asia Pacific Markets

Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 gaining 1.97%, China's Shanghai Composite Index gaining 0.71%, Hong Kong's Hang Seng Index declining 1.22% and India's BSE Sensex rising 0.30%.

Economics

The U.S. trade deficit increased to $78.2 billion in November versus a revised $73.6 billion gap in the previous month and mostly in-line with market estimates. Imports increased 3.4% to $351.6 billion, while exports rose 2.7% to $273.4 billion.

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Posted In: AMST HOTH LFWD LIDR SLRN XTIA