U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 200 points on Tuesday.
The Dow traded down 1% to 48,919.57 while the NASDAQ gained 0.88% to 23,809.27. The S&P 500 also rose, gaining, 0.39% to 6,977.34.
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Leading and Lagging SectorsInformation technology shares gained by 1.3% on Tuesday.
In trading on Tuesday, health care stocks fell by 1%.
Top Headline
Boeing Company (NYSE:BA) stock fell 3% on Tuesday after reporting fourth-quarter results with revenue of $23.948 billion, up 57% from $15.242 billion, as commercial deliveries increased sharply. Boeing delivered 160 airplanes in the quarter, reflecting improved operational performance.
Fourth-quarter revenue of $23.948 billion exceeded the $22.470 billion analyst estimate. The company reported an adjusted loss of $1.91 per share, missing Wall Street expectations for a loss of $39 cents per share.
GAAP diluted earnings per share were $10.23, compared with a loss of $5.46 per share a year earlier, while core earnings per share, a non-GAAP measure, were $9.92, compared with a loss of $5.90.
Equities Trading UP
- Redwire Corp (NYSE:RDW) shares shot up 135% to $0.63 after the company announced it bagged up to $151 billion contract for Missile Defense Agency’s Multi-Vendor SHIELD IDIQ to support homeland defense.
- Shares of HCA Healthcare Inc (NYSE:HCA) got a boost, surging 9% to $514.82 after the company reported better-than-expected fourth-quarter adjusted EPS results and raised its FY25 guidance above estimates.
- Corning Inc (NYSE:GLW) shares were also up, gaining 15% to $109.16 after the company announced a $6 billion agreement with Meta to accelerate U.S. data center infrastructure for AI.
Equities Trading DOWN
- CommVault Systems, Inc. (NASDAQ:CVLT) shares dropped 35% to $84.72 following third-quarter results.
- Shares of Twin Hospitality Group Inc (NASDAQ:TWNP) were down 43% to $0.30. Twin Hospitality Group filed voluntary Chapter 11 petitions to strengthen capital structure.
- FAT Brands Inc (NASDAQ:FAT) was down, falling 43% to $0.23 after the company commenced Chapter 11 to reinforce financial foundation and advance strategic objectives.
CommoditiesIn commodity news, oil traded up 2.2% to $62.00 while gold traded down 0.4% at $5,061.20.
Silver traded down 8% to $106.30 on Tuesday, while copper fell 3% to $5.8380.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.62%, while Spain's IBEX 35 Index rose 0.68%. London's FTSE 100 rose 0.56%, Germany's DAX fell 0.14% and France's CAC 40 rose 0.33% during the session.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei gaining 0.85%, Hong Kong's Hang Seng Index gaining 1.35%, China's Shanghai Composite rising 0.18% and India's BSE Sensex gaining 0.39%.
Economics
- The Case-Shiller Home Price Index increased 1.4% year-over-year in November, up from October's 1.3% growth and also beating market estimates of 1.2%.
- The FHFA house price index increased 0.6% in November, topping market expectations of a 0.3% gain.
- U.S. private employers added an average of 7,750 jobs a week during the four weeks ending Jan. 3, compared to an average increase of 8,000 in the prior period, the ADP said.
- The Federal Reserve’s Fifth District manufacturing index rose by one point to a reading of -6 in January.
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