Gold Gains 1%; Boeing Shares Rise Following Q4 Results

U.S. stocks experienced upward movement as trading approached its conclusion on Tuesday, with the Dow Jones index increasing by over 150 points.

The Dow added 0.34%, climbing to 44,865.65. The NASDAQ rose significantly, gaining 1.74% to reach 19,678.66. The S&P 500 also saw a positive trend, increasing by 0.83% to 6,062.21.

Market Performance

During Tuesday's trading, shares in the information technology sector surged by 2.9%, significantly contributing to the positive market sentiment.

Conversely, utility shares encountered a decline, falling by 1.9%.

Company Highlights

Shares of Boeing Co rose approximately 4% following the company's fourth-quarter financial results.

Boeing reported a 31% decrease in revenue compared to the same quarter last year, with total revenue of $15.242 billion for Q4 2024. This figure was below the market expectations of $16.174 billion.

Additionally, the adjusted loss per share increased to $5.90, significantly higher than the $0.47 loss reported in the same quarter the previous year, and also underperformed against the anticipated loss of $2.44 per share.

Top Gainers and Losers

Equities Trading Up

• Brighthouse Financial, Inc. (BHF) saw a notable increase of 17%, trading at $59.68 after reports emerged that the company is considering a sale.
• Shares of Silexion Therapeutics Corp (SLXN) soared by 100%, reaching $1.16 after the release of new preclinical data highlighting significant tumor reduction in pancreatic cancer models.
• Crane Company (CR) shares climbed by 12%, trading at $175.93 following their fourth-quarter earnings announcement.

Equities Trading Down

• Sharps Technology, Inc. (STSS) experienced a dramatic drop of 71%, bringing its share price down to $0.43 after announcing a $20 million public offering.
• Leap Therapeutics, Inc. (LPTX) fell by 70%, trading at $0.6639 in the wake of preliminary clinical data from recent studies.
• SAB Biotherapeutics, Inc. (SABS) saw a decline of 49%, now trading at $2.22 after revealing Phase 1 clinical results for its drug, which was deemed generally well-tolerated by healthy volunteers.

Commodity Update

In the commodities market, oil prices rose by 0.3%, reaching $73.37 per barrel, while gold prices increased by 1.1%, trading at $2,768.40.

Additionally, silver prices grew by 1.4% to $30.845, and copper prices increased by 0.6% to $4.2570.

Global Market Overview

European stock markets were primarily positive on Tuesday, with the eurozone's STOXX 600 index rising by 0.36%, Germany's DAX 40 gaining 0.70%, and France's CAC 40 slightly declining by 0.12%. Spain's IBEX 35 Index increased by 1.31%, while London's FTSE 100 saw a rise of 0.35%.

In Asia, market performance was mixed; Japan's Nikkei 225 index fell by 1.39%, while Hong Kong's Hang Seng Index rose by 0.14%, and India's BSE Sensex increased by 0.71%.

Economic Indicators

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

Stocks, Boeing, Financials