US Stocks Mixed; PepsiCo Posts Downbeat Sales

U.S. stocks traded mixed this morning, with the Dow Jones index falling around 0.1% on Tuesday.

The Dow traded down 0.12% to 44,369.81 while the NASDAQ gained 0.09% to 19,409.37. The S&P 500 also fell, dropping, 0.01% to 5,993.91.

Check This Out: Jim Cramer: AutoZone Is A ‘Great’ Stock, Recommends Buying This Energy Stock

Leading and Lagging Sectors

Communication services shares surged by 0.7% on Tuesday.

In trading on Tuesday, utilities shares fell by 1.1%.

Top Headline

PepsiCo Inc PEP reported worse-than-expected fourth-quarter revenue.

The company reported a fourth-quarter sales decline of 0.2% year-on-year to $27.78 billion, missing the analyst consensus estimate of $27.89 billion.

Net revenue from Frito-Lay North America decreased 2% Y/Y, Quaker Foods North America dropped 2%, and PepsiCo Beverages North America remained flat.

Adjusted EPS of $1.96 beat the consensus estimate of $1.94.

Equities Trading UP
                       

• Volcon, Inc. VLCN shares shot up 90% to $6.41 after the company announced an agreement to be the exclusive distributor of Super Sonic golf carts.
• Shares of Azitra, Inc. AZTRgot a boost, surging 92% to $0.5366.
• Quantum BioPharma Ltd. QNTM shares were also up, gaining 66% to $5.28 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 33% to $0.2812 after the company announced Nasdaq delisting notice.
• Shares of Omega Therapeutics, Inc. OMGA were down 23% to $0.3678.
• E-Home Household Service Holdings Limited EJH was down, falling 22% to $0.7960.

Commodities

In commodity news, oil traded down 3.1% to $70.88 while gold traded up 0.3% at $2,866.90.

Silver traded up 0.7% to $32.755 on Tuesday, while copper rose 0.7% to $4.3340.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.1%, Germany’s DAX 40 gained 0.2% and France’s CAC 40 gained 0.4%. Spain’s IBEX 35 Index rose 0.8%, while London’s FTSE 100 fell 0.3%.

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.

Now Read This: