U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 50 points on Tuesday.
The Dow traded up 0.19% to 38,454.57 while the NASDAQ fell 0.41% to 15,534.23. The S&P 500 also fell, dropping, 0.08% to 4,938.63.
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Leading and Lagging Sectors
Materials shares rose by 1.6% on Tuesday.
In trading on Tuesday, information technology shares fell by 1%.
Top Headline
Centene Corporation (NYSE: CNC) reported better-than-expected fourth-quarter financial results and issued guidance.
Centene reported fourth-quarter sales of $39.5 billion, up 11% Y/Y, beating the consensus of $36.14 billion. The company reported a fourth-quarter net profit of $45 million, a turnaround from the loss of $(213) million a year ago. The company reported an adjusted EPS of 45 cents, , beating the consensus of 43 cents.
Equities Trading Up
Tenax Therapeutics, Inc. (NASDAQ: TENX) shares shot up 58% to $13.80 after the company announced the USPTO granted notice of allowance for the U.S. patent application “Levosimendan For Treating Pulmonary Hypertension With Heart Failure With Preserved Ejection Fraction.”
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