U.S. Stocks Performance - U.S. stocks traded higher, with the S&P 500 gaining over 2% on Tuesday [1] - The Dow rose 1.92% to 39,444.86, and the NASDAQ increased 2.53% to 16,610.32 [1] - Real estate shares climbed 2.7%, while energy shares rose by 1.1% [1] Caterpillar Inc. Financial Results - Caterpillar Inc. reported second-quarter financial results with total sales and revenue declining 4% year-over-year to $16.69 billion, beating the consensus of $16.68 billion [1] - Adjusted earnings were $5.99 per share, up from $5.55 a year ago and above the consensus of $5.54 [1] - Caterpillar anticipates 2024 sales and revenues to be slightly lower than 2023, with a year-over-year decline in the second half expected to be similar to the first half [1] TG Therapeutics and Clear Secure Performance - TG Therapeutics, Inc. shares surged 23% to $21.18 after reporting better-than-expected quarterly results and raising FY24 Briumvi U.S. net product revenue [2] - Clear Secure, Inc. shares increased 25% to $24.27 following better-than-expected second-quarter results and third-quarter revenue guidance above estimates [2] Lumen Technologies Business Development - Lumen Technologies, Inc. shares rose 87% to $4.8450 after announcing $5 billion in new business from companies seeking to secure their fiber capacity [2] Declining Stocks - Elevation Oncology, Inc. shares dropped 60% to $0.8572 after second-quarter results [3] - Jumia Technologies AG shares fell 52% to $5.09 following worse-than-expected quarterly sales results [3] - ThredUp Inc. shares decreased 56% to $0.7695 after second-quarter results [3]
S&P 500 Surges Over 2%; Caterpillar Earnings Beat Estimates