Nasdaq Surges Over 1%; Pfizer Earnings Top Estimates – Atkore (NYSE:ATKR), Estee Lauder Cos (NYSE:EL)

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Tuesday.

The Dow traded up 0.17% to 44,499.60 while the NASDAQ gained 1.19% to 19,621.76. The S&P 500 also rose, gaining, 0.64% to 6,032.76.

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Leading and Lagging Sectors

Energy shares surged by 1.9% on Monday.

In trading on Monday, consumer staples shares fell by 0.7%.

Top Headline

On Tuesday, Pfizer Inc. PFE reported better-than-expected fourth-quarter earnings.

The company posted adjusted EPS of 63 cents, compared to 10 cents a year ago, beating the consensus of 47 cents. The U.S. drugmaker reported sales of $17.76 billion, up 22% year-over-year (up 21% operationally), beating the consensus of $17.40 billion.

Pfizer reaffirmed 2025 revenues of $61 billion-$64 billion compared to consensus of $63.025 billion. The company anticipates adjusted EPS of $2.80-$3.00 compared to consensus of $2.94.

Equities Trading UP
                       

• Volcon, Inc. VLCN shares shot up 69% to $5.69 after the company announced an agreement to be the exclusive distributor of Super Sonic golf carts.
• Shares of Palantir Technologies Inc. PLTRgot a boost, surging 25% to $104.57 after the company reported better-than-expected financial results for the fourth quarter and issued strong guidance. Several analysts also lifted price targets following the print.
• Quantum BioPharma Ltd. QNTM shares were also up, gaining 57% to $5.01 after the company announced positive clinical trial results for its unbuzzd dietary supplement, showing it accelerated the reduction of blood alcohol concentration.

Equities Trading DOWN

• Universe Pharmaceuticals INC UPC shares dropped 34% to $0.2771 after the company announced Nasdaq delisting notice.
• Shares of The Estée Lauder Companies Inc. EL were down 19% to $66.94 after the company issued weak third-quarter guidance.
• Atkore Inc. ATKR was down, falling 18% to $65.31 after the company lowered its 2025 guidance.

Commodities

In commodity news, oil traded down 0.7% to $ =72.62 while gold traded up 0.3% at $2,865.90.

Silver traded up 1.1% to $32.89 on Tuesday, while copper rose 1% to $4.3490.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.08%, Germany’s DAX 40 gained 0.22% and France’s CAC 40 gained 0.58%. Spain’s IBEX 35 Index rose 1.28%, while London’s FTSE 100 fell 0.30%.

Asia Pacific Markets

Asian markets closed higher on Tuesday, with Japan’s Nikkei 225 gaining 0.72%, Hong Kong’s Hang Seng Index jumping 2.83% and India’s BSE Sensex gaining 1.81%.

Economics

• The Logistics Manager’s Index rose to 62 in January versus 57.3 in December.
• The RealClearMarkets/TIPP Economic Optimism Index rose to 52 in February, compared to market estimates of 53.
• U.S. job openings declined by 556,000 to 7.6 million in December, compared to market estimates of 8.0 million.
• U.S. factory orders fell by 0.9% from the previous month to $578.5 billion in December, compared to a revised 0.8% decline in the previous month.

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