U.S. stocks traded higher midway through trading, with the Dow Jones index gaining almost 300 points on Tuesday.

The Dow traded up 0.59% to 50,433.63 while the NASDAQ rose 0.04% to 23,248.03. The S&P 500 also rose, gaining, 0.14% to 6,974.81.

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Leading and Lagging SectorsConsumer discretionary shares gained by 1.2% on Tuesday.

In trading on Tuesday, communication services stocks fell by 0.9%.

Top Headline

CVS Health Corp (NYSE:CVS) reported upbeat earnings for the fourth quarter.

The company posted quarterly earnings of $1.09 per share which beat the analyst consensus estimate of 99 cents per share. The company reported quarterly sales of $105.690 billion which beat the analyst consensus estimate of $103.593 billion.

Equities Trading UP           

• Quince Therapeutics Inc (NASDAQ:QNCX) shares shot up 122% to $0.29 as the company has engaged LifeSci Capital to serve as its exclusive financial advisor.
• Shares of ABPRO Holdings Inc (NASDAQ:ABP) got a boost, surging 44% to $2.20 after a 13G filing disclosed that Goldman Sachs Group has a 6.8% stake in the company.
• Evommune Inc (NYSE:EVMN) shares were also up, gaining 47% to $24.82 as the company announced the top-line results for its Phase 2a trial evaluating EVO301 met its primary efficacy endpoint.

Equities Trading DOWN

• MDJM Ltd (NASDAQ:UOKA) shares dropped 65% to $0.80 after the company reported pricing of upsized $6.0 million public offering.
• Shares of Gilat Satellite Networks Ltd (NASDAQ:GILT) were down 19% to $15.60 following quarterly results.
• Autozi Internet Technology (Global) Ltd (NASDAQ:AZI) was down, falling 59% to $0.71 after the company completes negotiations for acquisition of $1.87 billion in premium digital assets from crypto-asset institution for total consideration of $1.1 billion.

CommoditiesIn commodity news, oil traded up 0.2% to $64.47 while gold traded down 0.6% at $5,049.50.

Silver traded down 1.7% to $80.865 on Tuesday, while copper fell 0.8% to $5.9125.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.07%, while Spain's IBEX 35 Index fell 0.19%. London's FTSE 100 fell 0.27%, Germany's DAX gained 0.06% and France's CAC 40 rose 0.25% during the session.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan's Nikkei jumping 2.28%, Hong Kong's Hang Seng Index gaining 0.58%, China's Shanghai Composite gaining 0.13% and India's BSE Sensex gaining 0.25%.

Economics

• U.S. retail sales stalled in December compared to a 0.6% gain in November and missing market estimates of a 0.4% gain.
• U.S. export prices rose by 0.3% month-over-month in December, while import prices increased 0.1% from the previous month.
• U.S. private employers added an average of 6,500 jobs a week during the four weeks ending Jan. 24, compared to 5,000 in the previous period, ADP reported.
• U.S. employment costs rose by 0.7% in the fourth quarter, compared to a 0.8% gain in the previous period.
• U.S. business inventories increased by 0.1% month-over-month in November compared to market estimates of a 0.2% gain.

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