U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Tuesday.

The Dow traded up 0.22% to 48,469.41 while the NASDAQ rose 0.40% to 23,521.69. The S&P 500 also rose, gaining, 0.34% to 6,901.90.

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Leading and Lagging SectorsCommunication services shares rose by 0.5% on Tuesday.

In trading on Tuesday, consumer staples stocks fell by 0.5%.

Top Headline

U.S. durable goods orders declined by 2.2% month-over-month to $307.4 billion in October, compared to a revised 0.7% growth from September, versus market estimates of a 1.5% decline.

Equities Trading UP           

Novo Nordisk A/S (NYSE:NVO) shares shot up 9% to $52.30 following FDA approval of its Wegovy pill.

Shares of Highway Holdings Ltd (NASDAQ:HIHO) got a boost, surging ...