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Mid-Afternoon Market Update: Crude Oil Down Over 1%; Jumia Technologies Shares Spike Higher

Benzinga Real-time News · May 17, 2022 14:41

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining around 200 points on Tuesday.

The Dow traded up 0.58% to 32,411.91 while the NASDAQ rose 1.42% to 11,828.08. The S&P also rose, gaining, 1.06% to 4,050.53.

Also check this: Executives Buy Around $1.6M Of 4 Penny Stocks

Leading and Lagging Sectors

Materials shares jumped by 2.2% on Tuesday. Meanwhile, top gainers in the sector includedAmyris, Inc.(NASDAQ:AMRS), up 15% andGinkgo Bioworks Holdings, Inc.(NYSE:DNA) up 14%.

In trading on Tuesday, consumer staples shares fell 1.8%.

Top Headline

Walmart Inc(NYSE:WMT) reported mixed financial results and lowered earnings guidance.

Walmart said first...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Malaysia, investment products and services available through the moomoo app are offered through Futu Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Futu Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

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