• S&P 500

    4,587.32
    +74.28 (+1.65%)
     
  • Dow 30

    34,687.59
    +665.55 (+1.96%)
     
  • Nasdaq

    15,409.07
    +155.02 (+1.02%)
     
  • Russell 2000

    2,191.27
    +43.85 (+2.04%)
     
  • Crude Oil

    66.78
    +1.21 (+1.85%)
     
  • Gold

    1,763.10
    -18.50 (-1.04%)
     
  • Silver

    22.38
    +0.04 (+0.16%)
     
  • EUR/USD

    1.1306
    -0.0017 (-0.1470%)
     
  • 10-Yr Bond

    1.4630
    +0.0290 (+2.02%)
     
  • Vix

    28.11
    -3.01 (-9.67%)
     
  • GBP/USD

    1.3310
    +0.0032 (+0.2436%)
     
  • USD/JPY

    113.1960
    +0.4160 (+0.3689%)
     
  • BTC-USD

    56,578.93
    -2,026.16 (-3.46%)
     
  • CMC Crypto 200

    1,438.90
    +0.02 (+0.00%)
     
  • FTSE 100

    7,129.21
    -39.47 (-0.55%)
     
  • Nikkei 225

    27,753.37
    -182.25 (-0.65%)
     

Mid-Afternoon Market Update: R. R. Donnelley & Sons Surges Following Buyout Offer; Columbia Banking System Shares Slide

  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Toward the end of trading Tuesday, the Dow traded down 0.13% to 34,450.01 while the NASDAQ rose 0.01% to 14,486.37. The S&P also fell, dropping 0.10% to 4,356.92.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 45,313,350 cases with around 734,610 deaths. India confirmed a total of at least 33,985,920 confirmed cases and 450,990 deaths, while Brazil reported over 21,582,730 COVID-19 cases with 601,260 deaths. In total, there were at least 239,108,950 cases of COVID-19 worldwide with over 4,874,680 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Real estate shares surged 1.6% on Tuesday. Meanwhile, top gainers in the sector included eXp World Holdings, Inc. (NASDAQ: EXPI), up 5%, and Opendoor Technologies Inc. (NASDAQ: OPEN), adding 6%.

In trading on Tuesday, communication services shares tumbled 1.2%.

Top Headline

Fastenal Company (NASDAQ: FAST) reported in-line earnings for its third quarter on Tuesday.

Fastenal reported quarterly earnings of $0.42 per share, versus analysts’ estimates of $0.42 per share. The company’s quarterly sales came in at $1.55 billion, versus expectations of $1.54 billion.

Equities Trading UP

ESS Tech Inc (NASDAQ: GWH) shares shot up 141% to $25.16. ESS Inc, the Bill Gates-backed battery maker went public on the New York Stock Exchange on Monday after completing a slated business combination with special purpose acquisition company Acon S2 Investment Corp.

Shares of R. R. Donnelley & Sons Company (NASDAQ: RRD) got a boost, shooting 39% to $6.85 after Chatham Asset Management submitted an offer to acquire all common stock of RRD not already owned by Chatham for $7.50 per share in cash.

Nutriband Inc.. (NASDAQ: NTRB) shares were also up, gaining 54% to $11.40 after the company announced it signed an exclusive manufacturing agreement for Diocheck visual COVID-19 antibody indicator patch.

 

Equities Trading DOWN

Organogenesis Holdings Inc. (NASDAQ: ORGO) shares tumbled 18% to $9.88. The company is expected to report Q3 earnings on Tuesday, November 9th.

Shares of Columbia Banking System, Inc. (NASDAQ: COLB) were down 14% to $33.76. Columbia Banking System and Umpqua Holdings Corporation reported a business combination.

Sphere 3D Corp. (NASDAQ: ANY) was down, falling 15% to $7.04.

Commodities

In commodity news, oil traded up 0.2% to $80.65, while gold traded up 0.2% to $1,759.80.

Silver traded down 0.5% Tuesday to $22.545 while copper fell 0.9% to $4.3270.

Euro zone

European shares closed mostly lower today. The eurozone’s STOXX 600 fell 0.07%, the Spanish Ibex Index rose 0.41%, while Italy’s FTSE MIB Index gained 0.23%. Meanwhile, the German DAX 30 dropped 0.34%, French CAC 40 fell 0.34% and London’s FTSE 100 fell 0.23%.

The UK’s unemployment rate fell to 4.5% during the three months to August, while average weekly earnings including bonuses rose 7.2% year-over-year. Wholesale prices in Germany surged 13.2% annually in September.

Economics

The number of job openings fell to 10.439 million in August versus an all-time high of 11.098 million in the previous month.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.