Dow Is Still Not Getting Any Good News

Shares had labored their manner again from morning lows on Tuesday, though they weren’t doing way more than that as noon approached. The Dow Jones Industrial Average and the Nasdaq Composite had been each about 0.1% increased, whereas the S&P 500 was roughly flat. As soon as once more, there wasn’t a lot in the way in which of main developments— simply extra wobbles as buyers await any replace on a commerce deal between the U.S. and China.

Ciena inventory (CIEN) was down 4.5% to $40.68 after reporting fiscal first-quarter earnings. The know-how agency earned 33 cents per share on income of $778.53 billion. Analysts have been in search of EPS of 30 cents on the income of $761.62 billion. inventory (CTRP) was up 21.4% to $42.35; the shares received a minimum of four analyst upgrades following its upbeat earnings report.

ImmunoGen inventory (IMGN) was up 6.5% to $2.77 after Morgan Stanley upgraded it to Equal Weight.

Palo Alto Networks inventory (PANW) was down 2.1% to $237.50 after a report that two excessive-stage sales executives have left.

Tesla inventory (TSLA) was down three.7% to $274.55 after China suspended customs clearance for the Mannequin three.