Crude Oil Falls Sharply; US Current Account Deficit Widens In Q1

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 1% on Tuesday.

The Dow traded up 1.11% to 43,054.08 while the NASDAQ gained 1.45% to 19,916.04. The S&P 500 also rose, gaining, 1.07% to 6,089.42.

Check This Out: BlackBerry Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

Leading and Lagging SectorsInformation technology shares jumped by 1.6% on Tuesday.

In trading on Tuesday, energy stocks fell by 1.2%.

Top Headline

The U.S. current account deficit increased by 44.3% to $450.2 billion in the first quarter versus a revised deficit of $312 billion in the fourth quarter and compared to market estimates of a $443.3 billion gap.

Equities Trading UP           

Nano Labs Ltd (NASDAQ:NA) shares shot up 67% to $18.18 after the company announced a $500 million convertible notes private placement for its BNB treasury strategy.

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