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Crude Oil Moves Higher; Yum! Brands Posts Upbeat Earnings

Benzinga ·  Aug 7 00:05

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 250 points on Tuesday.

The Dow traded up 1.11% to 39,133.65 while the NASDAQ rose 1.71% to 16,477.42. The S&P 500 also rose, gaining, 1.66% to 5,272.52.

Leading and Lagging Sectors

Real estate shares climbed by 2.2% on Tuesday.

In trading on Tuesday, energy shares rose by 0.7%.

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Yum! Brands, Inc. (NYSE:YUM) reported better-than-expected quarterly earnings on Tuesday.

The company reported second-quarter adjusted earnings per share of $1.35, beating the street view of $1.33. Total revenues rose 4% to $1.763 billion, missing the consensus of $1.805 billion. GAAP operating profit rose by 6%, while...

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