Dow Surges 200 Points; Keurig Dr Pepper Posts Upbeat Earnings

Benzinga
02-26

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining around 200 points on Tuesday.

The Dow traded up 0.46% to 43,661.51 while the NASDAQ fell 1.07% to 19,080.23. The S&P 500 also fell, dropping, 0.29% to 5,965.92.

Check This Out: Top 2 Industrials Stocks That Are Set To Fly This Quarter

Leading and Lagging SectorsConsumer staples shares jumped by 1.3% on Tuesday.

In trading on Tuesday, energy shares fell by 1.3%.

Top Headline

Keurig Dr Pepper Inc. (NASDAQ:KDP) shares gained around 2.5% on Tuesday following better-than-expected quarterly results.

The company reported fourth-quarter adjusted earnings per share of 58 cents, beating the street view of 57 cents. Quarterly sales of $4.07 billion (+5.2% year over year), outpaced the analyst consensus estimate of $4.02 billion.

Equities Trading UP                       

  • Organovo Holdings, Inc. (NASDAQ:ONVO) shares shot up 217% to $1.19 after the company announced that Eli Lilly is set to acquire its FXR program, including FXR314.
  • Shares of Wah Fu Education Group Limited (NASDAQ:WAFU)got a boost, surging 84% to $3.2950 after the company announced it will integrate DeepSeek to drive AI-based education innovation and long-term growth strategies.
  • AdaptHealth Corp. (NASDAQ:AHCO) shares were also up, gaining 24% to $10.57 after the company reported better-than-expected fourth-quarter financial results.

Equities Trading DOWN

  • Bitdeer Technologies Group (NASDAQ:BTDR) shares dropped 30% to $9.11 after the company reported worse-than-expected quarterly financial results.
  • Shares of Hims & Hers Health, Inc (NYSE:HIMS) were down 22% to $40.02 after the company reported fourth-quarter financial results.
  • Sempra (NYSE:SRE) was down, falling 19% to $70.52 after the company issued FY25 EPS below estimates.

CommoditiesIn commodity news, oil traded down 2.4% to $69.02 while gold traded down 1.3% at $2,924.50.

Silver traded down 2% to $31.95 on Tuesday, while copper rose 0.7% to $4.5470.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.15%, Germany's DAX 40 fell 0.07% and France's CAC 40 fell 0.49%. Spain's IBEX 35 Index rose 0.80%, while London's FTSE 100 rose 0.11%.

Asia Pacific Markets

Asian markets closed mostly lower on Tuesday, with Japan's Nikkei falling 1.39%, China's Shanghai Composite Index falling 0.80%, Hong Kong's Hang Seng Index dipping 1.32% and India's BSE Sensex gaining 0.20%.

Economics

  • The Dallas Fed’s general business activity index for Texas's service sector fell by 2.8 points to a reading of 4.6 in February.
  • The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.5% year-over-year in December compared to 4.3% in the previous month.
  • The FHFA house prices index increased by 0.4% in December.

Now Read This:

  • How To Earn $500 A Month From Lowe’s Stock Ahead Of Q4 Earnings

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