The NASDAQ Composite rose on Tuesday, hitting a fresh all-time intraday high, as oil prices eased for another day.
The Dow Jones Industrials backtracked 294.8 points to 51,754.03
The much-broader Index dipped 5.67 points to 7,767.13.
The NASDAQ surged 72.19 points to 27,194.29, for its second record high in as many days, supported by a 7% gain in shares of
Sandisk following a bullish call from Rosenblatt.
Viking Therapeutics shares are up 31% in morning trading Tuesday after it announced the results of its latest study for its diabetes and obesity drug, VK2735.
After 21 weeks, patients taking the drug lost between 16% and 19% of their body weight, making it competitive with rival treatments from Eli Lilly and Novo Nordisk.
The tech-heavy NASDAQ was last up 0.4%, supported by a 4% gain in shares of Sandisk following a bullish call from Rosenblatt.
Addressing the United Nations General Assembly Tuesday, President Donald Trump said that he has a “big decision” to make on whether to pursue a deal with Iran or “annihilate” the country.
He also said that he believes “we’ll make a deal right after the election because it doesn’t make sense for them not to,” adding that “they’re waiting to see how I do in the midterm election.”
Prices for the 10-year Treasury were off, raising yields to 4.97% from Monday’s 4.95%. Treasury prices and yields move in opposite directions.
Oil prices nicked higher one cent to $95.79 U.S. a barrel.
Gold prices dulled $16.40 to $4,367.50 U.S. an ounce.
