Major U.S. equities indexes were mixed on Tuesday. The techno💛logy and communication sectors outperformed ahead of a wave of marquee earnings reports, but other sectors including energy and utilities lost ground.

Tꦕhe S&P 500 closed the session 0.2% higher. Tech sector strength helped the Nasdaq gain 0.8%, lifting the index to an all-time closing high. The Dow did not fare as well, slippin🐟g 0.4%.

Shares of Cadence Design Systems (CDNS) surged 12.5% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic design automation firm posted better-than-expected quarterly results and boosted its full-year guidance. Revenue from the company's Cadence.AI portfolio, which builds generative AI and big data analysis into design proꩲcesses, more than tripled year-over-year.

Although Incyte (INCY) reported third-quarter profits that fell short of anaꦛlysts' forecasts, the pharma company's revenue for the period exceeded expectations, and its shares jumped 12.0%. Incyte said both of its key products—cancer drug Jakafi and topical eczema treatment Op🎃zelura—enjoyed strong demand and sales trends during the period.

Application delivery company F5 (FFIV) de♋livered a quarterly sales and profit beat for its fiscal fourth quarter, and its shares jumped 10.1%. F5's CEO touted the company's transformation from its focus on hardware into a provider of security and software solutions better geared toward the current hybrid and cloud-based technological environment.

Leidos Holdings (LDOS) shares added 9.5% after the IT services provider beat consensus estimates w𝓀ith its third-quarter sales and profit results. Strong bookings figures for the quarter also suggest that Leidos is poised for additional growth, and the company lifted its full-year outlook. Major U.S. defense contract wins contributed to the solid performance and upbeat♊ forecast.

Shares of tool manufacturer Stanley Black & Decker (SWK) tumbled 8.8%, the biggest drop in the S&P 500, in the wake of an 澳洲幸运5官方开奖结果体彩网:underwhelming quarterly update. The company said weak demand from consumers and the auto industry pressured its performance, contributing to a quarterly sales and profit miss. Tuesday's d🐭ecline sank Stanley Black & Decker into negativeꦺ for 2024.

Ford Motor (F) shares skidded on Tuesday, dropping 8.4% after the carmaker reported 澳洲幸运5官方开奖结果体彩网:lower-than-expected ♔third-quarter p⛎rofits. Following the earnings miss, JPMorgan and Bank of America trimmed their price targets on Ford stock. However, analysts pointed to some reasons forไ opt♊imism, noting that high warranty expenses contributed to the profit shortfall and highlighting the potential of the Ford Pro division.

Homebuilder D.R. Horton (DHI) reported 澳洲幸运5官方开奖结果体彩网:꧑year-over-year declines in revenue and net income, falling short of estimates on the top and bottom lines. The company also issued lower-than-expected full-year sales guidance, indicating that it sees pressure from potential homebuyers holding out for lower mortgage rates. D.R. Horton shares fell 7.2%.