U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.22% to 41,887.70 while the NASDAQ rose 0.70% to 18,307.76. The S&P 500 also rose, gaining, 0.50% to 5,741.41.

Leading and Lagging Sectors
Information technology shares rose by 0.9% on Tuesday.

In trading on Tuesday, health care shares fell by 0.3%.

Top Headline

The trade deficit in the U.S. increased to $84.4 billion in September, recording the highest level since April 2022, and above market estimates of a $84.1 billion gap, versus a revised $70.8 billion gap in August.

Equities Trading UP

• Bionomics Limited (NASDAQ:BNOX) shares shot up 190% to $0.5583 after the company announced it secured an AUS$1 million milestone payment from Carina Biotech for its BNC101 oncology program, with the potential to earn up to AUS$118 million.
• Shares of Avalon GloboCare Corp. (NASDAQ:ALBT) got a boost, surging 68% to $3.78.
• ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA) shares were also up, gaining 60% to $2.92 after the company highlighted data showing the potential of inflammasome inhibition to protect pancreatic islet beta cells and attenuate progression from obesity to insulin resistance and type 2 diabetes.

Equities Trading DOWN

• Marqeta, Inc. (NASDAQ:MQ) shares dropped 36% to $3.79 after the company reported worse-than-expected Q3 sales results. Also, multiple firms downgraded their respective ratings on the company and lowered their respective price targets.
• Shares of Verrica Pharmaceuticals Inc. (NASDAQ:VRCA) were down 36% to $0.91 following downbeat quarterly results.
• Bioventus Inc. (NASDAQ:BVS) was down, falling 36% to $8.77 after the company announced third-quarter results.

Commodities
In commodity news, oil traded up 0.6% to $71.92 while gold traded up 0.3% at $2,754.40.

Silver traded up 0.8% to $32.880 on Tuesday, while copper rose 1.1% to $4.4795.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX gained 0.2% and France's CAC 40 rose 0.2%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 fell 0.2%.

Spain's consumer confidence indicator declined by 4.6 points to a reading of 84.8 in September.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 1.11%, Hong Kong's Hang Seng Index gaining 2.14%, China's Shanghai Composite Index gaining 2.32% and India's BSE Sensex gaining 0.88%.

Economics

The trade deficit in the U.S. increased to $84.4 billion in September, recording the highest level since April 2022, and above market estimates of a $84.1 billion gap, versus a revised $70.8 billion gap in August.

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