Mid-Afternoon Market Update: Chegg Surges After Strong Q4 Results; Dare Bioscience Shares Slide

Toward the end of trading Tuesday, the Dow traded up 0.25 percent to 24,661.51 while the NASDAQ climbed 0.39 percent to 7,009.21. The S&P also rose, gaining 0.29 percent to 2,663.75.

Leading and Lagging Sectors

Tuesday afternoon, the basic materials shares climbed 0.44 percent. Meanwhile, top gainers in the sector included Louisiana-Pacific Corporation (NYSE: LPX), up 6 percent, and AptarGroup, Inc. (NYSE: ATR), up 10 percent.

In trading on Tuesday, telecommunications services shares tumbled 0.82 percent. Meanwhile, top losers in the sector included Telecom Italia SpA (ADR) (NYSE: TI), down 3 percent, and Telecom Argentina SA (ADR) (NYSE: TI) down 2 percent.

Top Headline

PepsiCo, Inc. (NASDAQ: PEP) reported better-than-expected earnings for its fourth quarter.

The company said it earned $1.31 per share on revenue of $19.53 billion in the fourth quarter. However, Wall Street analysts were expecting the company to earn $1.30 per share on revenue of $19.39 billion.

PepsiCo raised its annual dividend …

Full story available on Benzinga.com

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