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Dow Jumps Over 200 Points; US Services PMI Falls In April

Benzinga ·  Apr 24 00:21

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 200 points on Tuesday.

The Dow traded up 0.60% to 38,470.94 while the NASDAQ rose 1.44% to 15,673.22. The S&P 500 also rose, gaining, 1.08% to 5,064.48.

Leading and Lagging Sectors

Communication services shares climbed by 1.7% on Tuesday.

In trading on Tuesday, materials shares fell by 0.8%.

Top Headline

The S&P Global services PMI fell to 50.9 in April, recording the weakest level in five months and missing market estimates of 52.

Equities Trading UP

  • Cyngn Inc. (NASDAQ:CYN) shares shot up 70% to $0.2030 after the company announced that it has been chosen to supply...
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