Dow Gains Over 200 Points; US Retail Sales Top Estimates

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.48% to 49,678.59 while the NASDAQ rose 0.03% to 24,410.89. The S&P 500 also rose, gaining, 0.13% to 7,118.29.

Leading and Lagging Sectors

Consumer discretionary shares climbed by 0.7% on Tuesday.

In trading on Tuesday, health care stocks fell by 0.5%.

Top Headline

U.S. retail sales increased by 1.7% month-over-month in March, following a revised 0.7% growth in February and topping market estimates of 1.4%.

Equities Trading UP
           

• Lobo Technologies Ltd (NASDAQ:LOBO) shares shot up 90% to $1.09. LOBO announced a major upgrade to its Claw AI Agent Platform, designed for the foreign trade and manufacturing sectors.
• Shares of Local Bounti Corp (NYSE:LOCL) got a boost, surging 60% to $2.96 after gaining 22% on Monday.
• Edible Garden AG Inc (NASDAQ:EDBL) shares were also up, gaining 51% to $1.39 after the company announced that it has been awarded new distribution with Target to supply a substantial portion of its fresh cut herbs.

Equities Trading DOWN

• Sow Good Inc (NASDAQ:SOWG) shares dropped 35% to $0.16 after the company entered into definitive share purchase agreement with Ryzon Materials to acquire wholly owned Tanzanian subsidiaries of Ryzon.
• Shares of Avalon Globocare Corp (NASDAQ:ALBT) were down 23% to $0.38. Avalon GloboCare announced that its subsidiary, Avalon Quantum AI LLC, is collaborating with Amazon Web Services to support Phase 2 development of its Catch-Up agentic AI video platform.
• Clearmind Medicine Inc (NASDAQ:CMND) was down, falling 21% to $0.89.

Commodities

In commodity news, oil traded down 0.1% to $89.51 while gold traded down 0.7% at $4,795.40.

Silver traded down 1.6% to $78.79 on Tuesday, while copper fell 0.1% to $6.0415.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 declined 0.2%, while Spain's IBEX 35 Index rose 0.3%. London's FTSE 100 fell 0.3%, Germany's DAX gained 0.2% and France's CAC 40 declined 0.3% during the session.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.89%, China's Shanghai Composite climbing 0.07%, Hong Kong's Hang Seng Index rising 0.48% and India's BSE Sensex gaining 0.96%.

Economics

• U.S. retail sales increased by 1.7% month-over-month in March, following a revised 0.7% growth in February and topping market estimates of 1.4%.
• The ADP Research Institute said U.S. private employers added an average of 54,750 jobs per week during the four weeks ending April 4.

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