U.S. stocks trade mixed as Nasdaq rises 0.51%

  • U.S. stocks ended mixed Tuesday, with the Nasdaq and S&P 500 higher.
  • Viking Therapeutics gained 26%, while Decoy Therapeutics surged 144%.
  • The Federal Reserve’s Fifth District manufacturing index fell to -2 in September.

U.S. stocks finished mixed Tuesday, with the Dow Jones Industrial Average falling 0.31% to 51,889.27, the Nasdaq Composite rising 0.51% to 27,259.09 and the S&P 500 gaining 0.10% to 7,772.79. The report also described the Nasdaq Composite as gaining more than 1,200 points. Communication services led sector gains at 1.2%, while financial stocks declined 2%. Thor Industries rose about 5% after quarterly sales beat estimates, despite earnings per share missing expectations. Viking Therapeutics, Decoy Therapeutics and Quanome Technologies posted gains of 26%, 144% and 72%, respectively, while Celldex Therapeutics, Compass Therapeutics and Xanadu Quantum Technologies fell. Oil and precious metals declined, while copper advanced. European shares were mostly higher, Asian markets ended mixed, and U.S. economic indicators showed stronger retail sales growth alongside a weaker Federal Reserve Fifth District manufacturing reading.

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