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Following the market opening Tuesday, the Dow traded up 0.02% to 35,627.53 while the NASDAQ fell 0.58% to 15,762.28. The S&P also fell, dropping 0.14% to 4,676.49.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 48,748,550 cases with around 794,860 deaths. India confirmed a total of at least 34,526,480 cases and 466,140 deaths, while Brazil reported over 22,019,870 COVID-19 cases with 612,840 deaths. In total, there were at least 258,560,440 cases of COVID-19 worldwide with more than 5,178,050 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Energy shares gained by 2.9% on Tuesday. Meanwhile, top gainers in the sector included Uranium Energy Corp. (NYSE:UEC), up 9% and Uranium Royalty Corp. (NASDAQ:UROY) up 10%.

In trading on Tuesday, information technology shares fell 0.8%.

Top Headline

Best Buy Co., Inc. (NYSE:BBY) reported upbeat results for its third quarter on Monday.

Best Buy posted quarterly earnings of $2.08 per share, beating analysts’ estimates of $1.91 per share. The company’s quarterly sales came in at $11.91 billion, versus expectations of $11.56 billion.

Best Buy boosted its full-year enterprise comparable sales growth outlook to a range of 10.5% to 11.5%.

Equities Trading UP

Pasithea Therapeutics Corp. (NASDAQ:KTTA) shares shot up 207% to $6.78 after the company announced its subsidiary Pasithea Clinics has been approved to provide esketamine nasal spray for the treatment of resistant depression in adults.

Shares of iSpecimen Inc. (NASDAQ:ISPC) got a boost, shooting 47% to $13.01. iSpecimen shares jumped over 80% on Monday after the company announced it has been contracted to support new advanced research on COVID-19 seeking insights on its transmissibility, variants, outcomes, and testing validity among multiple population segments.

Aptevo Therapeutics Inc. (NASDAQ:APVO) shares were also up, gaining 47% to $9.52 after the company announced a clinical update for its Phase 1b Expansion trial evaluating APVO436 for acute myeloid leukemia (AML).

Check out these big movers of the day

Equities Trading DOWN

Longeveron Inc. (NASDAQ:LGVN) shares tumbled 27% to $20.50. The company last week announced the FDA granted Rare Pediatric Disease designation for Lomecel-B for the treatment of Hypoplastic Left Heart Syndrome.

Shares of Greenland Technologies Holding Corporation (NASDAQ:GTEC) were down 23% to $9.04. Greenland Technologies will present at the upcoming Sequire Cleantech & Electric Vehicle Investor Conference to be held virtually on December 6, 2021.

Zoom Video Communications, Inc. (NASDAQ:ZM) was down, falling 16% to $202.58. Zoom Video reported better-than-expected results for its third quarter on Monday. The company reported its customers that contribute more than $100,000 in the trailing 12 months totaled 2,507, up 94% year-over-year. B of A Securities downgraded Zoom from Buy to Neutral and lowered the price target from $385 to $270.


In commodity news, oil traded down 1.3% to $75.73, while gold traded down 0.5% to $1,797.00.

Silver traded down 1.6% Tuesday to $23.90 while copper rose 0.7% to $4.4270.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.8%, the Spanish Ibex Index dropped 0.6% and the German DAX 30 dropped 0.8%. Meanwhile, the London’s FTSE 100 slipped 0.1%, French CAC 40 fell 0.3% and Italy’s FTSE MIB dipped 1.1%.

The IHS Markit Eurozone composite PMI climbed to 55.8 in November compared to October’s six-month low level of 54.2, while manufacturing PMI rose to 58.6 in November from 58.3 in October. Germany’s composite PMI climbed to 52.8 in November versus an eight-month low of 52.0 in October, while French composite PMI rose to 56.3 in November from 54.7 in October.


The IHS Markit manufacturing PMI rose to 59.1 in November from a 10-month low level of 58.4 in October, while services PMI fell to 57.0 from 58.7.

The Richmond Fed Manufacturing Index fell to 8 in November from 9 in the previous month

The Treasury is set to auction 7-year notes at 1:00 p.m. ET.

Data on money supply for October will be released at 1:00 p.m. ET.

Check out the full economic calendar here