The Dow Jones Industrial Average, S&P 500, and Nasdaq all saw losses on Tuesday. ASML Holding’s stock plummeted after a revised 2025 sales forecast, while Walgreens Boots Alliance surged due to strong fourth-quarter sales. Trump Media & Technology Group and United Airlines Holdings also saw notable movements. Tesla’s stock saw a slight rise but made headlines due to a significant Bitcoin transfer.
Johnson & Johnson exceeded third-quarter earnings expectations and raised its full-year outlook, driven by strong pharmaceutical sales. Meanwhile, Walgreens Boots Alliance announced plans to close 1,200 stores amid ongoing struggles.
US stocks experienced a downward trend on Tuesday, with the Dow Jones Industrial Average shedding around 100 points. However, Walgreens Boots Alliance (WBA) surged after reporting better-than-expected fourth-quarter earnings, leading to a significant gain in its share price. Other notable movers included Wolfspeed, MeiraGTx, Ericsson, and Rumble, which all experienced substantial increases.
Walgreens Boots Alliance reported strong fourth-quarter fiscal year 2024 results, exceeding sales expectations and announcing a footprint optimization program that will involve closing approximately 1,200 stores over the next three years. Despite a decline in adjusted operating income, the company highlighted cost savings initiatives and improved profitability in its U.S. Healthcare segment.
