(Sharecast News) - Wall Street trading got off to a mostly positive start on Tuesday after major indices started off the new month with solid gains in the previous session.
As of 1515 GMT, the Dow Jones Industrial Average was up 0.49% 49.648.63, while the S&P 500 advanced 0.10% to 6,983.60 and the Nasdaq Composite came out of the gate 0.13% softer at 23,561.00.
The Dow opened 240.97 points higher on Tuesday, extending solid gains recorded in the previous session as investors shrugged off a weekend rout in bitcoin and precious metals.
Software firm Palantir Technologies was in focus at the open after posting strongerthanexpected fourthquarter numbers after the close on Monday, with results buoyed by robust demand from the Trump administration and US firms. Palantir said revenues had jumped 70% yearonyear to $1.4bn, topping the $1.3bn pencilled in by analysts, while adjusted earnings per share rose to $0.25 from $0.14 a year earlier, ahead of forecasts for $0.23.
In terms of Tuesday's earnings, snacks and beverage giant PepsiCo delivered fourth-quarter results that topped market expectations on Tuesday and announced that it will cut the prices of core brands such as Lay's and Doritos in the US by as much as 15% as consecutive quarters of price hikes turned away some consumers, while drugmaker Pfizer revealed it had swung to a net loss of $1.6bn in Q4, down from the net income of $410m reported at the same time a year earlier.
Still to come, AMD and Amgen will report earnings after the close.
No major data points were scheduled for release on Tuesday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Cisco Systems Inc. (CSCO) $81.51 1.09%
Amgen Inc. (AMGN) $346.86 0.63%
Dow Jones - Fallers
Microsoft Corp. (MSFT) $412.63 -2.54%
S&P 500 - Risers
Ipg Photonics Corp. (IPGP) $100.10 5.86%
American Airlines Group (AAL) $14.27 4.27%
United Airlines Holdings Inc (UAL) $111.60 3.96%
J.B. Hunt Transport Services Inc. (JBHT) $217.10 2.55%
PACCAR Inc. (PCAR) $127.56 2.37%
CSX Corp. (CSX) $39.23 2.19%
Xcel Energy Inc. (XEL) $75.94 1.93%
Alliant Energy Corp. (LNT) $66.35 1.90%
Zions Bancorporation (ZION) $61.96 1.59%
Mondelez International Inc. (MDLZ) $59.56 1.48%
S&P 500 - Fallers
Paypal Holdings Inc (PYPL) $42.90 -18.01%
Cadence Design Systems Inc. (CDNS) $268.10 -7.29%
Cognizant Technology Solutions Corp. (CTSH) $77.39 -6.66%
Expedia Group Inc. (EXPE) $258.77 -6.47%
Take-Two Interactive Software Inc. (TTWO) $209.71 -5.46%
KLA-Tencor Corp. (KLAC) $1,344.13 -4.70%
Broadcom Inc. (AVGO) $317.33 -4.16%
QUALCOMM Inc. (QCOM) $147.43 -3.40%
Nvidia Corp. (NVDA) $179.68 -3.19%
News Corp Class B (NWS) $29.91 -3.14%
Nasdaq 100 - Risers
American Airlines Group (AAL) $14.27 4.27%
J.B. Hunt Transport Services Inc. (JBHT) $217.10 2.55%
PACCAR Inc. (PCAR) $127.56 2.37%
CSX Corp. (CSX) $39.23 2.19%
T-Mobile Us, Inc. (TMUS) $198.66 1.88%
Mondelez International Inc. (MDLZ) $59.56 1.48%
Costco Wholesale Corp. (COST) $979.71 1.17%
Cisco Systems Inc. (CSCO) $81.51 1.09%
Biogen Inc (BIIB) $180.63 0.86%
Amgen Inc. (AMGN) $346.86 0.63%
Nasdaq 100 - Fallers
Paypal Holdings Inc (PYPL) $42.90 -18.01%
Cadence Design Systems Inc. (CDNS) $268.10 -7.29%
Cognizant Technology Solutions Corp. (CTSH) $77.39 -6.66%
Expedia Group Inc. (EXPE) $258.77 -6.47%
Workday, Inc. (WDAY) $163.78 -5.54%
Take-Two Interactive Software Inc. (TTWO) $209.71 -5.46%
KLA-Tencor Corp. (KLAC) $1,344.13 -4.70%
Broadcom Inc. (AVGO) $317.33 -4.16%
Asml Holdings N.V. (ASML) $1,388.39 -3.68%
QUALCOMM Inc. (QCOM) $147.43 -3.40%
26.97 (0.26%)
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