Gold Gains 1%; Boeing Shares Rise Following Q4 Results

Benzinga
29 Jan

U.S. stocks traded higher toward the end of trading, with the Dow Jones index rising over 150 points on Tuesday.

The Dow traded up 0.34% to 44,865.65 while the NASDAQ rose 1.74% to 19,678.66. The S&P 500 also rose, gaining, 0.83% to 6,062.21.

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Leading and Lagging SectorsInformation technology shares surged by 2.9% on Tuesday.

In trading on Tuesday, utilities shares fell by 1.9%.

Top Headline

Shares of Boeing Co (NYSE:BA) gained around 4% on Tuesday after the company reported fourth-quarter results.

The company reported a 31% year-over-year revenue decline to $15.242 billion in the fourth quarter of 2024, missing the consensus of $16.174 billion.

Adjusted loss per share grew to $5.90 from $0.47 in the same quarter of 2023, missing the consensus of a $2.44 loss.

Equities Trading UP                       

  • Brighthouse Financial, Inc. (NASDAQ:BHF) shares shot up 17% to $59.68 following a report the company is trying to sell itself.
  • Shares of Silexion Therapeutics Corp (NASDAQ:SLXN)got a boost, surging 100% to $1.16 after the company reported new preclinical data for SIL-204 showing significant tumor reduction in pancreatic cancer models.
  • Crane Company (NYSE:CR) shares were also up, gaining 12% to $175.93 following fourth-quarter results.

Equities Trading DOWN

  • Sharps Technology, Inc (NASDAQ:STSS) shares dropped 71% to $0.4300 after the company announced a $20 million underwritten public offering.
  • Shares of Leap Therapeutics, Inc. (NASDAQ:LPTX) were down 70% to $0.6639 after the company reported initial clinical data from Part B of the DeFianCe study and Part C of the DisTinGuish study.
  • SAB Biotherapeutics, Inc. (NASDAQ:SABS) was down, falling 49% to $2.22 after the company disclosed topline Phase 1 clinical results for SAB-142, showing drug was generally well tolerated among healthy volunteers.

CommoditiesIn commodity news, oil traded up 0.3% to $73.37 while gold traded up 1.1% at $2,768.40.

Silver traded up 1.4% to $30.845 on Tuesday, while copper rose 0.6% to $4.2570.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.36%, Germany's DAX 40 gained 0.70% and France's CAC 40 fell 0.12%. Spain's IBEX 35 Index rose 1.31%, while London's FTSE 100 rose 0.35%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 1.39%, Hong Kong's Hang Seng Index gaining 0.14% and India's BSE Sensex gaining 0.71%.

Economics

  • U.S. durable goods orders declined 2.2% month-over-month to $276.1 billion in December, following a revised 2% decline in November.
  • The S&P CoreLogic Case-Shiller 20-city home price index rose 4.3% year-over-year in November, compared to 4.2% in the previous month.
  • The FHFA house price index rose 0.3% in November, topping market estimates of a 0.2% increase.
  • The Dallas Fed general business activity index for Texas's service sector fell to 7.4 in January compared to a revised reading of 10.8 in December.

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