Wall Street's major market averages were higher around midday Tuesday, the first trading day of President Donald Trump's second term.
In equities, Charles Schwab (SCHW) shares rose 3.3% after it reported higher Q4 adjusted earnings and total net revenue.
Prologis (PLD) shares advanced 3.7% after it reported higher Q4 core funds from operations and total revenue.
3M's (MMM) Q4 adjusted earnings from continuing operations fell from a year earlier but beat analysts' estimates. The company's shares added 4.4%.
Apple (AAPL) shares slid 4.3% after Bloomberg reported, citing an independent research firm, that iPhone sales fell 18.2% in Q4. The report said iPhone handsets, which were China's top sellers a year earlier, were surpassed by Huawei Technologies' handsets.
FTAI Aviation (FTAI) said its audit committee is reviewing allegations made in a short-seller report by Muddy Waters Research, which could potentially delay the filing of its 2024 annual report. FTAI shares lost more than 26%.
Moderna (MRNA) said late Friday it has been awarded $590 million by the US Department of Health and Human Services for the development of mRNA-based influenza vaccines. Moderna shares climbed 6% in recent Tuesday trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.