U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.46% to 43,686.85 while the NASDAQ rose 0.48% to 19,724.74. The S&P 500 also rose, gaining, 0.54% to 6,029.04.

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Leading and Lagging SectorsCommunication services shares surged by 1.9% on Tuesday.

In trading on Tuesday, energy shares fell by 0.4%.

Top Headline

3M Company (NYSE:MMM) reported better-than-expected fourth-quarter 2024 results and initiated 2025 guidance.

The company reported net sales of $6.01 billion, a slight increase of 0.13% year-over-year. Adjusted net sales totaled $5.808 billion, up 2.2% YoY, beating the consensus of $5.781 billion. Adjusted EPS was $1.68, down 2% YoY, beating the consensus of $1.66.

3M said it anticipates adjusted total sales growth of 0.5% to 1.5%, driven by adjusted organic sales growth of 2% to 3%. The company projects adjusted EPS in the range of $7.60 to $7.90 versus consensus of $7.78.

Equities Trading UP                       

• Asset Entities Inc (NASDAQ:ASST) shares shot up 121% to $1.02.
• Shares of Helius Medical Technologies Inc (NASDAQ:HSDT)got a boost, surging 94% to $1.46 after the company announced it exceeded its initial enrollment target for its stroke pivotal study.
• InMed Pharmaceuticals Inc (NASDAQ:INM) shares were also up, gaining 38% to $6.83 after the company announced that INM-901 reduced Alzheimer ‘s-related inflammation in a preclinical study.

Equities Trading DOWN

• Canoo Inc (NASDAQ:GOEV) shares dropped 74% to $0.35 after the electric vehicle company filed for Chapter 7 bankruptcy.
• Shares of FTAI Aviation Ltd (NASDAQ:FTAI) were down 28% to $81.11 after the company announced it may delay its FY24 10-K filing.
• New Oriental Education & Tech Grp (NYSE:EDU) was down, falling 25% to $45.68 after the company reported a second-quarter EPS miss.

CommoditiesIn commodity news, oil traded down 2.3% to $76.06 while gold traded down 0.4% at $2,736.80.

Silver traded up 0.2% to $31.21 on Tuesday, while copper fell 1.7% to $4.2925.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 surged 0.1%, Germany's DAX 40 fell 0.1% and France's CAC 40 gained 0.2%. Spain's IBEX 35 Index fell 0.5%, while London's FTSE 100 gained 0.1%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 0.31%, China's Shanghai Composite Index gaining 0.18%, Hong Kong's Hang Seng Index climbing 0.31% and India's BSE Sensex falling 0.55%.

Economics

No major economic reports are scheduled for release today.

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