Mid-Afternoon Market Update: Crude Oil Down Over 5%; Cambrex Shares Surge Following Q4 Earnings

Toward the end of trading Tuesday, the Dow traded up 0.02 percent to 16,029.41 while the NASDAQ declined 0.10 percent to 4,279.64. The S&P also rose, gaining 0.01 percent to 1,853.59.

On Tuesday, non-cyclical consumer goods & services shares rose by 0.47 percent. Meanwhile, top gainers in the sector included

, up 5 percent, and

up 8 percent. In trading on Tuesday, energy shares tumbled by 2.92 percent. Meanwhile, top losers in the sector included

, down 26 percent, and

, down 23 percent.

reported better-than-expected results for its fourth quarter. Coca-Cola said that it earned $0.38 per share in the fourth quarter on revenue of $10.0 billion. Wall Street analysts were expecting the company to earn $0.37 per share on revenue of $9.9 billion. Looking forward to fiscal 2016, Coca-Cola is guiding its full-year currency neutral earnings per share growth to be 4 percent to 6 percent (including the impact of 3 to 4 points of structural headwind)

shares shot up 42 percent to $2.76 after the company reported positive data from Phase 2 long-term extension study of INOpulse. Shares of

got a boost, shooting up 21 percent to $44.89 after the company reported better-than-expected Q4 earnings.

shares were also up, gaining 16 percent to $37.82 after the company posted upbeat Q4 earnings. 2

shares dropped 21 percent to $17.80 after the company issued a weak forecast. Shares of

were down 27 percent to $24.83 after the company reported downbeat Q3 results.

was down, falling around 26 percent to $13.65. Bristow Group reported Q3 adjusted earnings of $0.67 per share on gross sales of $419.887 million. The company also lowered its quarterly dividend from $0.34 per share to $0.07 per share.

In commodity news, oil traded down 5.39 percent to $28.09, while gold traded down 0.23 percent to $1,195.20. Silver traded down 0.72 percent Tuesday to $15.32, while copper fell 2.82 percent to $2.03.

European shares were lower today. The eurozone's STOXX 600 fell 1.58 percent, the Spanish Ibex Index fell 2.39 percent, while Italy's FTSE MIB Index declined 3.21 percent. Meanwhile, the German DAX fell 1.11 percent, and the French CAC 40 slipped 1.69 percent, while U.K. shares fell 1 percent.

U.S. wholesale inventories declined 0.1 percent in December.