U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 50 points on Tuesday.

The Dow traded up 0.22% to 47,845.80 while the NASDAQ rose 0.22% to 23,597.71. The S&P 500 also rose, gaining, 0.23% to 6,862.11.

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Leading and Lagging SectorsEnergy shares jumped by 1.5% on Tuesday.

In trading on Tuesday, health care stocks fell by 0.4%.

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AutoZone, Inc. (NYSE:AZO) stock fell around 7% on Tuesday after the auto parts retailer reported first-quarter earnings and sales that fell short of Wall Street expectations.

The company reported quarterly earnings per share of $31.04, missing the analyst consensus estimate of $32.37. Quarterly sales of $4.629 billion (up 8.2% year-over-year) missed the Street view of $4.637 billion.

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Alexander & Baldwin, Inc. (NYSE:ALEX) shares shot up 38% to $20.89 after the company announced it will ...