U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.27% to 48,935.82 while the NASDAQ fell 0.39% to 22,538.28. The S&P 500 also fell, dropping, 0.30% to 6,817.20.
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Leading and Lagging Sectors
Consumer discretionary shares gained by 0.4% on Tuesday.
In trading on Tuesday, communication services stocks fell by 0.9%.
Top Headline
Home Depot (NYSE:HD) reported upbeat earnings for the fourth quarter on Tuesday.
The company posted quarterly earnings of $2.72 per share which beat the analyst consensus estimate of $2.54 per share. The company reported quarterly sales of $38.198 billion which beat the analyst consensus estimate of $38.119 billion.
Equities Trading UP
- Ten-League International Holdings Limited (NASDAQ:TLIH) shares shot up 43% to $0.4555 after the company issued FY25 guidance.
- Shares of Larimar Therapeutics, Inc. (NASDAQ:LRMR) got a boost, surging 41% to $3.9600 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 36% to $119.88 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 37% to $1.1080. The company announced a $3 million warrant exercise at $1.15 per share.
- Shares of DMC Global Inc. (NASDAQ:BOOM) were down 30% to $6.10 after the company reported mixed fourth-quarter financial results and issued first-quarter sales guidance below estimates.
- Signing Day Sports, Inc. (NYSE:SGN) was down, falling 20% to $0.6502.
Commodities
In commodity news, oil traded up 0.3% to $66.53 while gold traded down 1.5% at $5,147.30.
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.
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