U.S. stocks were mostly lower, with the Dow Jones index falling more than 100 points on Tuesday.
Shares of AT&T Inc. T rose sharply during Tuesday's session after the company updated its 2024 guidance, raising the bottom end of its adjusted EPS outlook to $2.20-$2.25, above analyst estimates of $2.10.
AT&T is modernizing its 5G wireless network, aiming to complete the transition to open, high-capacity technology by 2027. The network, with deep mid-band 5G spectrum, will cover over 300 million people by the end of 2026.
AT&T shares climbed 4.2% to $23.65 on Tuesday.
Here are some other big stocks recording gains in today's session.
ZJK Industrial Co., Ltd. ZJK shares jumped 258% to $22.69 after the company announced it received a request to produce samples for one of NVIDIA's upcoming liquid cooling manifold projects. Janux Therapeutics, Inc. JANX gained 64% to $65.88 after the company announced updated interim clinical data for its JANX007 program in prostate cancer. Credo Technology Group Holding Ltd CRDO surged 43.5% to $68.58 after the company reported better-than-expected second-quarter financial results issued guidance above estimates. Also, multiple firms raised their respective price targets on the stock. Porch Group, Inc. PRCH gained 24.5% to $4.6950. Uxin Limited UXIN climbed 17.2% to $4.95 as the company reported a strategic partnership with CATL's subsidiary to develop battery swapping ecosystem for used cars. Vir Biotechnology, Inc. VIR rose 14.2% to $9.31. Core & Main, Inc. CNM shares climbed 14.1% to $55.11 after the company reported better-than-expected quarterly EPS and sales. BigBear.ai Holdings, Inc. BBAI gained 12.3% to $2.46. Sunstone Hotel Investors, Inc. SHO surged 10.9% to $11.94. MP Materials Corp. MP gained 10.2% to $22.94. GrafTech International Ltd. EAF shares surged 9.7% to $2.0400. BingEx Limited FLX rose 9.3% to $8.48. JinkoSolar Holding Co., Ltd. JKS gained 8.2% to $26.72. Applied Optoelectronics, Inc. AAOI jumped 7.8% to $43.93. Alpha and Omega Semiconductor Limited AOSL gained 7.7% to $44.56. Zeta Global Holdings Corp. ZETA surged 6.6% to $25.60.
Now Read This:
Bank of America To Rally More Than 21%? Here Are 10 Top Analyst Forecasts For Tuesday Market News and Data brought to you by Benzinga APIs