U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Tuesday.
The Dow traded up 0.19% to 33,781.23 while the NASDAQ rose 0.90% to 11,496.13. The S&P 500 also rose, gaining, 0.56% to 4,040.22.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 1.3% on Tuesday. Meanwhile, top gainers in the sector included Stitch Fix, Inc. SFIX, up 16%, and Lanvin Group Holdings Limited LANV, up 12%.
In trading on Tuesday, utilities shares fell by 0.5%.
McDonald’s Corporation MCD posted upbeat earnings for its fourth quarter.
McDonald’s said fourth-quarter revenue decreased 1% year-over-year to $5.93 billion, which beat average analyst estimates of $5.69 billion. The iconic fast-food chain reported quarterly earnings of $2.59 per share, which…