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 Sectors

Information 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.

Commodities

In 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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