US stocks posted extended gains mid-trade, with the Nasdaq Composite gaining around 150 points on Tuesday.

The Dow was up 1.50% to 33,318.55, while the NASDAQ was up 1.46% to 10,718.77. The S&P 500 was also up 1.3% to 3,856.88.

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Leading and lagging sectors

Materials stocks gained 2.6% on Tuesday. lead the sector was power out McEwen Mining Inc. MUX and Equinox Gold Corp. EQX.

In Tuesday trading, energy stocks fell 0.3%.

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The NFIB Small Business Optimism Index fell to a three-month low of 91.3 in October from 92.1 in the previous month.

Stock trading UP

• TaskUs, Inc. TASK Shares shot up 31% to $21.00 after the company reported better-than-expected Q3 results. The company also issued revenue guidance for Q4 and FY22, which came in ahead of analyst estimates.
• shares of SkyWater Technology, Inc. SKYT got a boost, rising 33% to $11.48 after the company reported better-than-expected Q3 EPS and sales results.
• Grow Generation Corp. GRWG Shares also rose, gaining 37% to $4.52 after the company reported better-than-expected third-quarter sales.

Stocks are trading down

• Bioventus Inc. BVS Shares fell 50% to $3.54 after the company reported poor third-quarter results and lowered guidance for fiscal 22.
• shares of R1 RCM Inc. RCM fell 46% to $7.98 after the company reported worse-than-expected third-quarter EPS and sales results and lowered its fiscal 22 revenue guidance below estimates.
• Unisys Corporation UIS was down, falling 46% to $4.87 on weak quarterly sales.

Also Read: Investor Optimism Continues to Improve Ahead of US Midterm Elections

raw materials

On commodities news, oil traded up 0.9% to $90.97, while gold was up 2.3% to $1,718.80.

Silver was up 3.4% on Tuesday to $21.625, while copper was up 2.4% to $3.6890.

euro zone

European stocks were mostly higher today. The Eurozone’s STOXX 600 rose 0.72%, London’s FTSE 100 rose 0.01%, while…