U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining over 200 points on Tuesday.
The Dow traded up 0.67% to 33,155.68 while the NASDAQ rose 0.78% to 13,120.31. The S&P 500 also rose, gaining, 0.72% to 4,247.52.
Gainers
InMed Pharmaceuticals Inc. (NASDAQ: INM) shares climbed 169% to $1.56 after the company announced it selected a lead Alzheimer's drug candidate following proof-of-concept study data.
U.S. stocks traded slightly higher midway through trading, with the Dow Jones index gaining around 50 points on Tuesday.
The Dow traded up 0.17% to 32,992.95 while the NASDAQ rose 0.06% to 13,023.65. The S&P 500 also rose, gaining, 0.07% to 4,220.02.
Companies Reporting Before The Bell
• Koninklijke Philips (NYSE:PHG) is projected to report quarterly earnings at $0.33 per share on revenue of $4.65 billion.