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Mid-morning market update: Markets open higher; Walmart earnings miss estimates

Benzinga Real-time News ·  May 17, 2022 10:36  · Markets

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Tuesday.

Following the market opening Tuesday, the$Dow Jones Industrial Average(.DJI.US)$traded up 0.97% to 32,536.92 while the$Nasdaq Composite Index(.IXIC.US)$rose 1.70% to 11,860.81. The$S&P 500 index(.SPX.US)$also rose, gaining, 1.30% to 4,060.03.



Leading and Lagging Sectors

Financials shares jumped by 2.3% on Tuesday. Meanwhile, top gainers in the sector included$Sunlight Financial(SUNL.US)$, up 15% and$Forge Global(FRGE.US)$up 10%.

In trading on Tuesday, consumer staples shares fell 1.4%.



Top Headline

$Walmart(WMT.US)$reported mixed financial results and lowered earnings guidance.

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