Nasdaq Surges Over 1%; Pfizer Earnings Top Estimates

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. (NYSE: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 ...

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