Stock Market Performance - U.S. stocks traded higher, with the Nasdaq Composite gaining over 100 points on Tuesday [1] - The Dow increased by 0.09% to 40,452.70, the NASDAQ rose by 0.62% to 18,119.84, and the S&P 500 gained 0.32% to 5,582.32 [1] Sector Performance - Consumer discretionary shares increased by 1% on Tuesday [1] - Energy shares fell by 1.4% [1] Company Earnings - GE Aerospace reported second-quarter 2024 adjusted revenue growth of 4% year-over-year to $8.22 billion, missing the consensus of $8.462 billion [1] - Adjusted EPS for GE Aerospace was $1.20, a 61% increase year-over-year, beating the consensus of 99 cents [1] Notable Stock Movements - Azitra, Inc. shares surged 455% to $9.00 after receiving a U.S. patent for atopic dermatitis treatment [2] - Adial Pharmaceuticals, Inc. shares rose 62% to $1.7150 after advancing in its pharmacokinetics study for alcohol use disorder [2] - Frequency Electronics, Inc. shares increased by 30% to $13.15 following fourth-quarter earnings and a declared $1.00 special cash dividend [2] Declining Stocks - Jaguar Health, Inc. shares dropped 64% to $1.5387 after its phase 3 trial results did not meet primary endpoints [3] - TransCode Therapeutics, Inc. shares fell 62% to $0.2997 after pricing a $3 million public offering [3] - Cellectar Biosciences, Inc. shares decreased by 24% to $2.2850 following results from its pivotal study [3]
Crude Oil Down 2%; GE Aerospace Earnings Top Views