Nasdaq Jumps 150 Points; US Producer Prices Increase 0.2% In December

Author: Avi Kapoor | January 14, 2025 09:48am

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 150 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.42% to 42,473.91 while the NASDAQ climbed 0.79% to 19,239.20. The S&P 500 also rose, gaining, 0.50% to 5,865.62.

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Leading and Lagging Sectors

Consumer discretionary shares rose by 1.5% on Tuesday.

In trading on Tuesday, health care shares tumbled by 0.7%.

Top Headline

U.S. producer prices rose 0.2% month-over-month in December compared to 0.4% in November, and versus market estimates of 0.3%.

Equities Trading UP
                       

• Firefly Neuroscience, Inc. (NASDAQ:AIFF) shares shot up 175% to $5.23 after the company announced the advancement of research to assess a patient's brain age using its BNA technology platform.
• Shares of Nature’s Miracle Holding Inc. (NASDAQ:NMHI)got a boost, surging 180% to $3.1716. Nature’s Miracle Holding announced that it entered into a Securities Purchase Agreement with a single institutional investor on Jan. 10, 2025.
• H&E Equipment Services, Inc. (NASDAQ:HEES) shares were also up, gaining 106% to $90.50 after United Rentals announced it will acquire the company for $92 per share in cash.

Equities Trading DOWN

• Phio Pharmaceuticals Corp. (NASDAQ:PHIO) shares dropped 33% to $4.43 after the company announced a $3.19 million registered direct offering.
• Shares of Agape ATP Corporation (NASDAQ:ATPC) were down 29% to $1.40.
• Mustang Bio, Inc. (NASDAQ:MBIO) was down, falling 26% to $0.1652 after the company announced a 1-for-50 reverse stock split.

Commodities

In commodity news, oil traded down 0.6% to $78.35 while gold traded down 0.1% at $2,675.40.

Silver traded down 0.1% to $30.295 on Tuesday, while copper fell 0.1% to $4.3235.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.3%, Germany's DAX 40 gained 0.9% and France's CAC 40 gained 0.7%. Spain's IBEX 35 Index gained 0.6%, while London's FTSE 100 slipped 0.1%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 1.83%, China's Shanghai Composite Index jumping 2.54%, Hong Kong's Hang Seng Index gaining 1.83% and India's BSE Sensex rising 0.22%.

Economics

U.S. producer prices rose 0.2% month-over-month in December compared to 0.4% in November, and versus market estimates of 0.3%.

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Posted In: AIFF ATPC HEES MBIO NMHI PHIO