US Stocks Mixed; Kohl's Shares Plunge After Q4 Results - Arvinas (NASDAQ:ARVN)

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 100 points on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.38% to 41,750.64 while the NASDAQ gained 0.75% to 17,598.97. The S&P 500 also rose, gaining, 0.15% to 5,623.10.

Check This Out: This GE HealthCare Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

Leading and Lagging Sectors

Consumer discretionary shares rose by 1.4% on Tuesday.

In trading on Tuesday, health care shares dipped by 0.7%.

Top Headline

Kohl's Corp (NYSE:KSS) shares dipped around 12% on Tuesday after the fourth-quarter FY24 earnings results.

The company reported a fourth-quarter sales decline of 9.4% year-on-year to $5.175 billion, beating the analyst consensus estimate of $5.145 billion. Adjusted EPS of 95 cents beat the consensus estimate of 73 cents.

Kohl's expects FY25 sales decline of 5% – 7%. It expects FY25 EPS of $0.10 – $0.60 versus the Street view of $1.25. Kohl's anticipates FY25 comparable sales to decrease 4% – 6%. Kohl's expects an FY25 operating margin of 2.2% – 2.6% and capital expenditures of about $400 million – $425 million.

Equities Trading UP

Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) shares shot up 126% to $0.2070. Syros Pharmaceuticals recently announced a voluntary delisting from the Nasdaq and SEC deregistration.
Shares of 2seventy bio, Inc. (NASDAQ:TSVT)got a boost, surging 76% to $4.9343 after the company announced it has agreed to be acquired by Bristol Myers Squibb for $286 million.
Cutera, Inc. (NASDAQ:CUTR) shares were also up, gaining 58% to $0.2040. Cutera, on Monday, announced voluntarily delisting from Nasdaq.

Equities Trading DOWN

Arvinas, Inc. (NASDAQ:ARVN) shares dropped 45% to $9.74 after the company announced topline results from the phase 3 VERITAC-2 Trial of Vepdegestrant Monotherapy Versus Fulvestrant in adults with advanced or retastatic breast cancer.
Shares of LZ Technology Holdings Limited (NASDAQ:LZMH) were down 35% to $10.21.
Sacks Parente Golf, Inc. (NASDAQ:SPGC) was down, falling 32% to $0.1095 after the company initiated a 1-for-30 reverse stock split and announced a rebranding to the name Newton Golf.

Commodities

In commodity news, oil traded up 1.2% to $66.84 while gold traded up 0.5% at $2,913.20.

Silver traded up 1.2% to $32.915 on Tuesday, while copper rose 1.5% to $4.7375.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.6%, Germany's DAX 40 rose 0.3% and France's CAC 40 fell 0.1%. Spain's IBEX 35 Index fell 0.5%, while London's FTSE 100 fell 0.4%.

Asia Pacific Markets

Asian markets closed mostly lower on Tuesday, with Japan's Nikkei dipping 0.64%, China's Shanghai Composite Index gaining 0.41% and Hong Kong's Hang Seng Index falling 0.01%, India's BSE Sensex falling 0.02%.

Economics

The NFIB Small Business Optimism Index fell 2.1 points to a reading of 100.7 in February, recording the lowest reading since October 2024.

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LZMHLZ Technology Holdings Ltd

$0.0932-2.71%

SYRSSyros Pharmaceuticals Inc

$0.0312-99.8%

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