Following the market opening Tuesday, the Dow traded up 0.54 percent to 21,821.58 while the NASDAQ climbed 0.80 percent to 6,262.58. The S&P also rose, gaining 0.58 percent to 2,442.35.
Leading and Lagging Sectors
Tuesday morning, the basic materials shares climbed by 0.95 percent. Meanwhile, top gainers in the sector included Allegheny Technologies Incorporated (NYSE: ATI), up 5 percent, and Mechel PAO (ADR) (NYSE: MTL), up 5 percent.
In trading on Tuesday, utilities shares rose by just 0.1 percent. Meanwhile, top losers in the sector included Atlantic Power Corp (NYSE: AT), down 2 percent, and SCANA Corporation (NYSE: SCG) down 1 percent.
Toll Brothers Inc (NYSE: TOL) reported stronger-than-expected profit for its third quarter, while revenue missed estimates
Toll Brothers posted quarterly earnings of $0.87 per share on revenue of $1.502 billion. However, analysts were expecting earnings of $0.69 per share on revenue of $1.51 billion.
Equities Trading UP
Centrais Eletricas Brasileiras SA (ADR) (NYSE: EBR) shares shot up 34 percent to $5.95 after the Brazil’s government propos