Dow closes more than 200 points lower Tuesday, major averages end February with losses
The major averages fell on Tuesday to round out a tough month for the stock market. The Dow Jones Industrial Average fell about 232.39 points, or 0.7% to 32,656.70. The S&P 500 shed 0.3% to end the day at 3,970.15, and the Nasdaq Composite closed 0.1% lower at 11,455.54.
Apple is making progress in monitoring blood glucose levels without a blood sample, according to a recent Bloomberg report. If the tech giant is successful, Morgan Stanley said the development has the potential to be a huge disruptor.
Pandemic-darling Zoom Communications posted better-than-expected earnings and a solid outlook Monday after the bell. But it wasn’t enough to get some on Wall Street off the sidelines.
Norwegian Cruise Line Holdings company fell 12% after reporting a wider-than-expected loss for the fourth quarter. Norwegian lost an adjusted $1.04 per share on $1.52 billion of revenue. Analysts surveyed by Refinitiv had forecast an 85 cents per share loss on revenue of $1.5 billion.
Advance Auto Parts.
The automotive aftermarket parts company gained 3.3% after reporting better-than-expected revenue and fourth-quarter earnings of $2.88 per share, topping StreetAccount’s estimate of $2.41.
A double-digit growth forecast powered Germany-based semiconductor industry supplier Aixtron to the top of the Stoxx 600 index.
Shares of the company were up 11.5% in mid-morning trade following its full-year results, which also showed an 8% revenue increase and 6% net profit growth.
Source: CNBC, Investing.com