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Aug 21, 2024 10:30 AM

US Stocks Higher; Target Posts Upbeat Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 50 points on Tuesday.

The Dow traded up 0.13% to 40,886.56 while the NASDAQ rose 0.49% to 17,904.16. The S&P 500 also rose, gaining, 0.35% to 5,616.74.

Check This Out: Executives Buying W. P. Carey And 2 Other Stocks

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

In trading on Tuesday, real estate shares fell by 0.4%.

Top Headline

Target Corporation (NYSE:TGT) reported better-than-expected second-quarter financial results and raised FY24 EPS outlook.

Quarterly adjusted earnings per share totaled $2.57 (+40%), beating the street view of $2.20. Target reported sales of $25.45 billion (+2.7%), exceeding the analyst consensus of $25.229 billion.

Equities Trading UP                       

Revelation Biosciences, Inc. (NASDAQ:REVB) shares shot up 194% to $0.4361.

Shares of Smart for Life, Inc. (NASDAQ:SMFL) got a boost, ...