Dow Gains Over 50 Points; General Motors Posts Upbeat Earnings

Author: Avi Kapoor | January 28, 2025 09:44am

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 50 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.15% to 44,779.09 while the NASDAQ rose 0.12% to 19,364.75. The S&P 500 also rose, gaining, 0.04% to 6,014.80.

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Leading and Lagging Sectors

Communication services shares surged by 0.7% on Tuesday.

In trading on Tuesday, consumer discretionary shares fell by 0.7%.

Top Headline

General Motors Company (NYSE:GM) posted better-than-expected fourth-quarter earnings on Tuesday.

The automotive behemoth reported adjusted earnings per share of $1.92 in the fourth quarter, beating the street view of $1.86. Quarterly sales of $47.70 billion (+11%) outpaced the analyst consensus estimate of $43.606 billion.

Equities Trading UP

Dunxin Financial Holdings (NYSE:DXF) shares shot up 214% to $24.35.
Shares of Silexion Therapeutics Corp (NASDAQ:SLXN)got a boost, surging 157% to $1.52 after the company reported new preclinical data for SIL-204 showing significant tumor reduction in pancreatic cancer models.
Planet Image International Limited (NASDAQ:YIBO) shares were also up, gaining 88% to $5.78.

Equities Trading DOWN

Sharps Technology, Inc (NASDAQ:STSS) shares dropped 70% to $0.4441 after the company announced a $20 million underwritten public offering.
Shares of Leap Therapeutics, Inc. (NASDAQ:LPTX) were down 69% to $0.6933 after the company reported initial clinical data from Part B of the DeFianCe study and Part C of the DisTinGuish study.
SAB Biotherapeutics, Inc. (NASDAQ:SABS) was down, falling 50% to $2.18 after the company disclosed topline Phase 1 clinical results for SAB-142, showing drug was generally well tolerated among healthy volunteers.

Commodities

In commodity news, oil traded up 1.4% to $74.16 while gold traded up 0.6% at $2,755.80.

Silver traded up 0.5% to $30.56 on Tuesday, while copper rose 0.9% to $4.2680.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.7%, Germany's DAX 40 gained 0.7% and France's CAC 40 rose 0.5%. Spain's IBEX 35 Index rose 1.4%, while London's FTSE 100 rose 0.7%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 1.39%, Hong Kong's Hang Seng Index gaining 0.14% and India's BSE Sensex gaining 0.71%.

Economics

U.S. durable goods orders declined 2.2% month-over-month to $276.1 billion in December, following a revised 2% decline in November.
The S&P CoreLogic Case-Shiller 20-city home price index rose 4.3% year-over-year in November, compared to 4.2% in the previous month.
The FHFA house price index rose 0.3% in November, topping market estimates of a 0.2% increase.

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