U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 400 points on Tuesday.
The Dow traded up 0.84% to 49,213.73 while the NASDAQ surged 1.12% to 22,880.62. The S&P 500 also rose, gaining, 0.79% to 6,891.92.
Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings
Leading and Lagging Sectors
Consumer discretionary shares gained by 1.5% on Tuesday.
In trading on Tuesday, energy stocks fell by 1%.
Top Headline
Keurig Dr Pepper Inc. (NASDAQ:KDP) reported upbeat earnings for the fourth quarter on Tuesday.
The company posted quarterly earnings of 60 cents per share which beat the analyst consensus estimate of 59 cents per share. The company reported quarterly sales of $4.499 billion which beat the analyst consensus estimate of $4.361 billion.
Equities Trading UP
- Vir Biotechnology, Inc. (NASDAQ:VIR) shares shot up 34% to $9.95 after the company reported better-than-expected fourth-quarter financial results. Also, NEedham raised its price target on the stock from $14 to $18.
- Shares of Larimar Therapeutics, Inc. (NASDAQ:LRMR) got a boost, surging 35% to $3.78 after the company announced FDA breakthrough therapy designation for Nomlabofusp in FA and reiterated planned BLA submission in June 2026.
- Palvella Therapeutics, Inc. (NASDAQ:PVLA) shares were also up, gaining 35% to $118.81 after the company announced topline results from the Phase 3 SELVA study of QTORIN 3.9% rapamycin anhydrous gel for the treatment of microcystic lymphatic malformations.
Equities Trading DOWN
- Allurion Technologies Inc. (NASDAQ:ALUR) shares dropped 35% to $1.16. The company announced a $3 million warrant exercise at $1.15 per share.
- Shares of DMC Global Inc. (NASDAQ:BOOM) were down 29% to $6.22 after the company reported mixed fourth-quarter financial results and issued first-quarter sales guidance below estimates.
- Claritev Corp (NYSE:CTEV) was down, falling 27% to $16.87 following fourth-quarter results.
Commodities
In commodity news, oil traded up 0.3% to $66.53 while gold traded down 0.9% at $5,179.60.
Silver traded up 0.5% to $87.000 on Tuesday, while copper rose 1.9% to $5.8890.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.34%, while Spain's IBEX 35 Index fell 0.27%. London's FTSE 100 rose 0.19%, Germany's DAX gained 0.09% and France's CAC 40 rose 0.33% during the session.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 gaining 0.87%, Hong Kong's Hang Seng index falling 1.82%, China's Shanghai Composite gaining 0.87% and India's BSE Sensex dipping 1.17%.
Economics
- The FHFA house price index rose 0.1% in December compared to a revised 0.7% gain in November.
- The S&P Cotality Case-Shiller home price index increased 1.4% year-over-year in December, matching the previous month's pace.
Photo via Shutterstock