Dow Surges 200 Points; Keurig Dr Pepper Posts Upbeat Earnings

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining around 200 points on Tuesday.

The Dow traded up 0.46% to 43,661.51 while the NASDAQ fell 1.07% to 19,080.23. The S&P 500 also fell, dropping, 0.29% to 5,965.92.

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Leading and Lagging Sectors

Consumer staples shares jumped by 1.3% on Tuesday.

In trading on Tuesday, energy shares fell by 1.3%.

Top Headline

Keurig Dr Pepper Inc. (NASDAQ:KDP) shares gained around 2.5% on Tuesday following better-than-expected quarterly results.

The company reported fourth-quarter adjusted earnings per share of 58 cents, beating the street view of 57 cents. Quarterly sales of $4.07 billion (+5.2% year over year), outpaced the analyst consensus estimate of $4.02 billion.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded down 2.4% to $69.02 while gold traded down 1.3% at $2,924.50.

Silver traded down 2% to $31.95 on Tuesday, while copper rose 0.7% to $4.5470.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.15%, Germany's DAX 40 fell 0.07% and France's CAC 40 fell 0.49%. Spain's IBEX 35 Index rose 0.80%, while London's FTSE 100 rose 0.11%.

Asia Pacific Markets

Asian markets closed mostly lower on Tuesday, with Japan's Nikkei falling 1.39%, China's Shanghai Composite Index falling 0.80%, Hong Kong's Hang Seng Index dipping 1.32% and India's BSE Sensex gaining 0.20%.

Economics

  • The Dallas Fed’s general business activity index for Texas's service sector fell by 2.8 points to a reading of 4.6 in February.
  • The S&P CoreLogic Case-Shiller 20-city home price index rose by 4.5% year-over-year in December compared to 4.3% in the previous month.
  • The FHFA house prices index increased by 0.4% in December.

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