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US Stocks Climb as Big Tech Shines Amid Trade War Jitters and Jobs Data

US stocks closed higher on Tuesday, driven by tech giants as investors weigh China's rapid retaliation to US President Donald Trump's additional tariffs and assess the potential risks of a trade war.

American Assets Trust Reports Q4 FFO of 55 Cents Per Share

American Assets Trust (AAT) reported Q4 FFO of $0.55/share, beating estimates. Revenue was $113.5 million, while full-year FFO was $2.58/share and revenue was $457.9 million. AAT expects full-year 2023 FFO in the range of $1.87 to $2.01 per share.

Trans Mountain to See Increased Shipping Interest if U.S. Tariffs Imposed

Trans Mountain pipeline expects increased demand if US imposes tariffs on Canadian oil imports. The pipeline currently operates at 80% capacity, with 20% available for spot shipping. Trans Mountain anticipates more interest in shipping on its system due to tariffs, but it's too early to predict volumes. Deliveries to Asia are also expected to increase, and the company is exploring ways to improve throughput efficiency and capacity of the expanded system.

Atkore Stock Plummets 20% on Weak Q4 Results

Shares of electrical safety company Atkore (ATKR) fell 19.3% following weak fourth quarter results. Its full-year EBITDA guidance missed significantly, and its revenue fell short of estimates. Despite beating EPS expectations, the overall quarter was weaker. Access our full analysis for free.

Pfizer Earnings Beat Estimates, Stock Flat as Downsizing Continues

Pfizer beats Q4 and full-year 2024 earnings estimates, driven by strong performance in key segments. Despite headwinds such as patent expirations and Medicare price negotiations, the company remains focused on pipeline development and cost-cutting initiatives.

Spotify Posts First Annual Profit, Tops User and Subscriber Forecasts

Spotify reports record subscriber growth and profit, driven by expansion beyond music streaming into audiobooks, podcasts, and video, despite price increases and job cuts.

Estee Lauder Q2 Loss Narrows, Tops Estimates

Estee Lauder Companies Inc. (EL) reports a loss of $590 million in its fiscal second quarter, beating Wall Street expectations with earnings per share of 62 cents, revenue of $4 billion, and expectations for per-share earnings ranging from 20 to 30 cents in the current quarter.

CorVel Corp. reports $23.8 million profit in fiscal third quarter

CorVel Corp. (CRVL) reports $23.8 million in profit for its fiscal third quarter with a net income of 46 cents per share.

Live Market Update: Tariffs Spark Retaliation, Stock Futures Mixed

US stock futures steadied Tuesday after China's retaliatory tariffs to US President Donald Trump's latest trade move. Tech stocks like Apple and Nvidia felt the burn, while Palantir surged after strong earnings.

Google Appeals Jury Verdict Against App Store Monopoly

Google challenges court verdict in antitrust case involving Android app store; Epic Games defends jury decision.