Nasdaq Jumps 100 Points; Charles Schwab Profit Beats Estimates

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 100 points on Tuesday.

The Dow traded up 1% to 43,920.68 while the NASDAQ rose 0.55% to 19,738.47. The S&P 500 also rose, gaining, 0.71% to 6,039.46.

Check This Out: Top 4 Health Care Stocks You May Want To Dump In Q1

Leading and Lagging Sectors

Industrials shares surged by 1.8% on Tuesday.

In trading on Tuesday, energy shares fell by 0.6%.

Top Headline

Charles Schwab Corporation SCHW reported better-than-expected fourth-quarter financial results.

Charles Schwab reported quarterly earnings of $1.01 per share which beat the analyst consensus estimate of 91 cents per share. The company reported quarterly sales of $5.33 billion which beat the analyst consensus estimate of $5.19 billion.

Equities Trading UP
                       

• Evolus Inc EOLS shares shot up 28% to $13.44 after the company announced it expects FDA approval for Evolysse gels within 90 days and is eyeing a second-quarter 2025 rollout in the US. Additionally, the company reported FY24 revenue results and provided FY25 guidance.
• Shares of Helius Medical Technologies Inc HSDTgot a boost, surging 30% to $0.98 after the company announced it exceeded its initial enrollment target for its stroke pivotal study.
• Replimune Group, Inc. REPL shares were also up, gaining 18% to $11.98 after the company announced the FDA has accepted the biologics license application for RP1 in combination with nivolumab for patients with advanced melanoma.

Equities Trading DOWN

• Canoo Inc GOEV shares dropped 74% to $0.3523 after the electric vehicle company filed for Chapter 7 bankruptcy.
• Shares of FTAI Aviation Ltd FTAI were down 29% to $79.88 after the company announced it may delay its FY24 10-K filing.
• New Oriental Education & Tech Grp EDU was down, falling 24% to $46.53 after the company reported a second-quarter EPS miss.

Commodities

In commodity news, oil traded down 2.3% to $76.09 while gold traded up 0.3% at $2,756.90.

Silver traded up 1.1% to $31.480 on Tuesday, while copper fell 0.8% to $4.3330.

Euro zone

European shares closed mostly higher today. The eurozone's STOXX 600 surged 0.40%, Germany's DAX 40 rose 0.25% and France's CAC 40 gained 0.48%. Spain's IBEX 35 Index fell 0.14%, while London's FTSE 100 gained 0.33%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.32%, China's Shanghai Composite Index falling 0.05%, Hong Kong's Hang Seng Index climbing 0.91% and India's BSE Sensex falling 1.60%.

Economics

No major economic reports are scheduled for release today.

Now Read This:

• This Analyst With 86% Accuracy Rate Sees Around 18% Upside In Bank of America – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts