U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite turning higher on Tuesday.
The Dow traded down 0.87% to 34,003.26 while the NASDAQ rose 0.25% to 11,106.50. The S&P 500 also rose, gaining, 0.01% to 3,999.18.
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Leading and Lagging Sectors
Energy shares gained by 0.3% on Tuesday. Meanwhile, top gainers in the sector included HighPeak Energy, Inc. (NASDAQ: HPK), up 9%, and Vertex Energy, Inc. (NASDAQ: VTNR), up 8%.
In trading on Tuesday, communication services shares fell by 1.3%.
Top Headline
Morgan Stanley (NYSE: MS) reported better-than-expected Q4 results.
Morgan Stanley posted quarterly earnings of $1.31 per share, topping market estimates of $1.19 per share. The bank’s quarterly sales came in at $12.75 billion, versus expectations of $12.64 billion.
Equities Trading UP
Calyxt, Inc. (NASDAQ: CLXT) shares shot up 99% to $0.37 after the company and Cibus announced a definitive merger agreement.
Shares of Neovasc Inc. (NASDAQ: NVCN) got a boost, shooting 28% to $27.62 after Shockwave Medical announced it will acquire the company.
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Related tickers: MS, VTNR, ANGN, NVCN, VIVE, CLXT, EDSA, HPK, BTCM.
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