Mid-day market update: Gold slides further, GW Pharma (GWPH Stock) reports topline growth
Premium|Take advantage of 60% OFF on your first month.
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
You have reached your limit of 5 free articles for this month.
BLACK FRIDAY SALE! 60% OFF!
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
CLAIM OFFERMidway through trading Tuesday, the Dow traded higher by 0.14% to 31,502.73, while the NASDAQ fell 0.47% to 14,029.30 and the S&P slid 0.08% to 3,931.52.
The seven-day average of new covid-19 cases declined by 23% from a week earlier to around 85,200, with daily deaths related to the infection holding steady at about 3,000, according to Johns Hopkins University. Meanwhile, Moderna Inc MRNA 3.21% said it expects to deliver 100 million vaccine shots to the US in six weeks.
Leading and Lagging Sectors
Energy shares climbed 2.02% on Tuesday. Meanwhile, top gainers in the sector included Torchlight Energy Resources, Inc. , up 53.72%, and Tidewater Inc. TDW 10.36%, up 9.70%.
In trading on Tuesday, real estate shares fell 1.34%.
Top Headline
GW Pharmaceuticals PLC GWPH 0.01% reported total net sales of Epidiolex at $144.1 million in the last three months of fiscal 2020 and $510.5 million for the full year.
GW Pharmaceuticals also reported total revenue of $148.2 million for the fourth quarter, versus $109.1 million in the year-ago quarter. For the full year, total revenue came in at $527.2 million, representing 69% year-over-year growth.
Equities Trading UP
Socket Mobile, Inc. SCKT 844.14% shares shot up 191.67% to $9.45, driven by heavy volumes after the company unveiled its DuraSled scanner for iPhone 12s.
ALJ Regional Holdings, Inc. ALJJ 51.87% was up, rising 104.51% to $2.72, after the company announced its first quarter results, ended December 31, 2020.
Urban Tea, Inc. MYT 37.79% shares gained 73.26% to $5.96.
Equities Trading DOWN
Shares of bluebird bio, Inc. BLUE 35.53% fell by 28.68% to $32.635. National securities litigation firm Block & Leviton LLP announced that a lawsuit has been filed against bluebird bio and some of its executives for violation of the federal securities laws.
Neptune Wellness Solutions Inc. NEPT 30.39% was down, falling 28.57% to $2, after the company announced its fiscal third quarter earnings and revenue below expectations.
Commodities
In commodity news, oil traded up 0.47% to $59.75, while gold traded down 1.53% to $1,795.30.
Silver traded down 0.19% Tuesday to $27.27, while copper rose 1.06% to $3.82.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.06%, the German DAX was down 0.32%, Italy’s FTSE MIB Index slipped 0.69%, the Spanish Ibex Index fell 0.61% and UK shares declined 0.11%. Meanwhile, the French CAC 40 rose 0.01%.
Economics
The Overall Net Capital Flows data for December will be released at 4:00 p.m. ET. The US recorded a capital and financial account surplus of $214.1 billion November 2020, following an upwardly revised $11.1 billion outflow in October.
Midway through trading Tuesday, the Dow traded higher by 0.14% to 31,502.73, while the NASDAQ fell 0.47% to 14,029.30 and the S&P slid 0.08% to 3,931.52.
The seven-day average of new covid-19 cases declined by 23% from a week earlier to around 85,200, with daily deaths related to the infection holding steady at about 3,000, according to Johns Hopkins University. Meanwhile, Moderna Inc MRNA 3.21% said it expects to deliver 100 million vaccine shots to the US in six weeks.
Leading and Lagging Sectors
Energy shares climbed 2.02% on Tuesday. Meanwhile, top gainers in the sector included Torchlight Energy Resources, Inc. , up 53.72%, and Tidewater Inc. TDW 10.36%, up 9.70%.
In trading on Tuesday, real estate shares fell 1.34%.
Top Headline
GW Pharmaceuticals PLC GWPH 0.01% reported total net sales of Epidiolex at $144.1 million in the last three months of fiscal 2020 and $510.5 million for the full year.
GW Pharmaceuticals also reported total revenue of $148.2 million for the fourth quarter, versus $109.1 million in the year-ago quarter. For the full year, total revenue came in at $527.2 million, representing 69% year-over-year growth.
Equities Trading UP
Socket Mobile, Inc. SCKT 844.14% shares shot up 191.67% to $9.45, driven by heavy volumes after the company unveiled its DuraSled scanner for iPhone 12s.
ALJ Regional Holdings, Inc. ALJJ 51.87% was up, rising 104.51% to $2.72, after the company announced its first quarter results, ended December 31, 2020.
Urban Tea, Inc. MYT 37.79% shares gained 73.26% to $5.96.
Equities Trading DOWN
Shares of bluebird bio, Inc. BLUE 35.53% fell by 28.68% to $32.635. National securities litigation firm Block & Leviton LLP announced that a lawsuit has been filed against bluebird bio and some of its executives for violation of the federal securities laws.
Neptune Wellness Solutions Inc. NEPT 30.39% was down, falling 28.57% to $2, after the company announced its fiscal third quarter earnings and revenue below expectations.
Commodities
In commodity news, oil traded up 0.47% to $59.75, while gold traded down 1.53% to $1,795.30.
Silver traded down 0.19% Tuesday to $27.27, while copper rose 1.06% to $3.82.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.06%, the German DAX was down 0.32%, Italy’s FTSE MIB Index slipped 0.69%, the Spanish Ibex Index fell 0.61% and UK shares declined 0.11%. Meanwhile, the French CAC 40 rose 0.01%.
Economics
The Overall Net Capital Flows data for December will be released at 4:00 p.m. ET. The US recorded a capital and financial account surplus of $214.1 billion November 2020, following an upwardly revised $11.1 billion outflow in October.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.