U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.37%

Investing.com – Canada stocks were higher after the close on Tuesday, as gains in the Materials, Healthcare and Financials sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.24%.

The best performers of the session on the S&P/TSX Composite were Pan American Silver Corp (TSX:PAAS), which rose 11.07% or 6.68 points to trade at 67.05 at the close. Meanwhile, Aya Gold & Silver Inc (TSX:AYA) added 7.47% or 1.31 points to end at 18.85 and First Majestic Silver Corp. (TSX:AG) was up 7.18% or 1.43 points to 21.34 in late trade.

The worst performers of the session were Ivanhoe Mines Ltd. (TSX:IVN), which fell 5.47% or 0.77 points to trade at 13.30 at the close. Paramount Resources Ltd . (TSX:POU) declined 4.29% or 1.14 points to end at 25.46 and Bombardier Inc (TSX:BBDb) was down 4.17% or 9.67 points to 222.25.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 486 to 416 and 84 ended unchanged.

Shares in Pan American Silver Corp (TSX:PAAS) rose to all time highs; gaining 11.07% or 6.68 to 67.05.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 0.85% to 13.06.

Gold Futures for February delivery was up 0.50% or 21.25 to $4,238.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.83% or 0.49 to hit $58.39 a barrel, while the February Brent oil contract fell 0.67% or 0.42 to trade at $62.07 a barrel.

CAD/USD was unchanged 0.04% to 0.72, while CAD/EUR unchanged 0.15% to 0.62.

The US Dollar Index Futures was up 0.16% at 99.22.

After-hours movers:

GE Vernova (GEV) rose 5% after lifting guidance, doubling its dividend and raising its stock buyback program. It now anticipates $52B of revenue and 20% adjusted EBITDA margin by 2028.

AeroVironment (AVAV) fell 5% after its quarter EPS missed estimates. AeroVironment reported Q2 EPS of $0.44, $0.35 worse than the analyst estimate of $0.79.

Cracker Barrel (CBRL) fell 11% after quarterly results missed consensus on the top and bottom line. Cracker Barrel reported Q1 EPS of ($0.74), $0.06 worse than the analyst estimate of ($0.68). Revenue for the quarter came in at $797.2 million versus the consensus estimate of $807.85 million.

GameStop (GME) fell 6% after disappointing results. GameStop reported Q3 EPS of $0.13, $0.05 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $821 million versus the consensus estimate of $893.64 million.

Denali Therapeutics (DNLI) fell 7% after it announced plans for a $200 million stock and warrant offering.

Investing.com – Colombia stocks were higher after the close on Tuesday, as gains in the Industrials, Services and Agriculture sectors led shares higher.

At the close in Colombia, the COLCAP added 0.51% to hit a new all time high.

The best performers of the session on the COLCAP were Interconnection Electric SA ESP (BVC:ISA), which rose 1.74% or 440.00 points to trade at 25,780.00 at the close. Meanwhile, Organizacion Terpel SA (BVC:TPL) added 1.69% or 300.00 points to end at 18,100.00 and Grupo Cibest SA (BVC:CIBEST) was up 1.45% or 1,000.00 points to 70,000.00 in late trade.

The worst performers of the session were Banco Davivienda Pf (BVC:DVI_p), which fell 2.48% or 680.00 points to trade at 26,720.00 at the close. Bancolombia Pf (BVC:BIC_p1) declined 2.12% or 1,300.00 points to end at 60,100.00 and Grupo de Inversiones Suramericana SA Preferred (BVC:SIS_p) was down 1.57% or 700.00 points to 44,000.00.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0 and 1 ended unchanged.

Shares in Organizacion Terpel SA (BVC:TPL) rose to 5-year highs; up 1.69% or 300.00 to 18,100.00. Shares in Grupo Cibest SA (BVC:CIBEST) rose to all time highs; gaining 1.45% or 1,000.00 to 70,000.00.

US coffee C for March delivery was up 0.38% or 1.40 to $367.60 . Elsewhere in commodities trading, US cocoa for delivery in March rose 3.09% or 176.00 to hit $5,877.00 , while the February Gold Futures contract rose 0.50% or 21.15 to trade at $4,238.85 a troy ounce.

USD/COP was up 0.39% to 3,857.50, while BRL/COP rose 0.29% to 710.01.

The US Dollar Index Futures was up 0.16% at 99.22.

Investing.com – Russia stocks were lower after the close on Tuesday, as losses in the Oil & Gas, Manufacturing and Power sectors led shares lower.

At the close in Moscow, the MOEX Russia Index declined 0.11%.

The best performers of the session on the MOEX Russia Index were MMC NORILSK NICKEL PJSC (MCX:GMKN), which rose 3.61% or 4.80 points to trade at 137.80 at the close. Meanwhile, OK Rusal MKPAO (MCX:RUAL) added 2.82% or 0.88 points to end at 32.29 and NOVATEK PJSC (MCX:NVTK) was up 2.49% or 29.20 points to 1,200.80 in late trade.

The worst performers of the session were Moskovskiy Kreditnyi Bank PAO (MCX:CBOM), which fell 1.29% or 0.10 points to trade at 7.73 at the close. Surgutneftegas PJSC (MCX:SNGS) declined 0.66% or 0.15 points to end at 21.84 and Magnit PJSC (MCX:MGNT) was down 0.56% or 17.00 points to 3,035.00.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 158 to 80 and 12 ended unchanged.

The Russian Volatility Index – RVI, which measures the implied volatility of MOEX Russia Index options, was up 0.80% to 31.65.

Gold Futures for February delivery was up 0.51% or 21.50 to $4,239.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.83% or 0.49 to hit $58.39 a barrel, while the February Brent oil contract fell 0.66% or 0.41 to trade at $62.08 a barrel.

USD/RUB was up 1.07% to 77.37, while EUR/RUB rose 0.79% to 89.77.

The US Dollar Index Futures was up 0.15% at 99.21.

Investing.com -- GE Vernova (NYSE:GEV) stock rose 5% in after-hours trading Tuesday after the energy transition company announced it would double its quarterly dividend and substantially raised its multi-year financial outlook.

The company now anticipates generating $52 billion in revenue and achieving a 20% adjusted EBITDA margin by 2028, up significantly from its previous forecast of $45 billion in revenue and a 14% adjusted EBITDA margin. GE Vernova also expects to generate at least $22 billion in cumulative free cash flow from 2025 to 2028, a substantial increase from its earlier projection of at least $14 billion.

The company’s Board of Directors declared a $0.50 per share quarterly dividend, doubling the previous $0.25 payout, which will be payable in the first quarter of 2026. Additionally, GE Vernova increased its share repurchase authorization to $10 billion from $6 billion, having spent $3.3 billion of the authorization as of December 3, 2025.

"We are executing our financial strategy, and we now expect to generate at least $22 billion in cumulative free cash flow by 2028," said GE Vernova CFO Ken Parks. "Our large and growing backlog, with healthy margins from services and better equipment pricing, is furthering our momentum into 2026 and driving our increased outlook by 2028."

The company reaffirmed its 2025 revenue and adjusted EBITDA margin guidance while raising its 2025 free cash flow guidance to $3.5-$4.0 billion from $3.0-$3.5 billion. For 2026, GE Vernova expects revenue of $41-$42 billion and an adjusted EBITDA margin of 11%-13%.

GE Vernova also reported signing 18 GW of gas turbine contracts quarter-to-date and expects to reach 80 GW of combined slot reservation agreements and backlog by year-end. The company projects its total backlog will grow from $135 billion to approximately $200 billion by the end of 2028.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- The S&P 500 closed lower Tuesday as Federal Reserve kicked off its two-day meeting, which is expected to culminate in third rate cut for the year.

At 4:0 ET p.m. (21:00 GMT), the Dow Jones Industrial Average fell 178 points, or 0.4%, and the S&P 500 index was 0.1%, while the NASDAQ Composite slipped 0.1%.

Fed meeting kicks off as widely expected rate cut decision looms

The Fed got its latest two-day policy meeting underway, which investors are expecting will end with a cut to U.S. interest rates on Wednesday.

The chances of an easing from Fed’s current target rate of 3.75%-4% now stand at roughly 89%, CME FedWatch has shown.

Still, with some policymakers recently flagging concerns around unveiling a third cut since September during a time when fresh economic data has been scarce because of a record-long government shutdown, this could prove to be one of the most contentious decision in years.

"There are now high expectations of a ’hawkish cut’ at Wednesday evening’s FOMC decision," said analysts at ING, in a note.

Data released earlier Tuesday has added to the potential that the FOMC policymakers try to play down expectations of another rate cut in the new year, as U.S. private payrolls increased by 4,750 on average per week in the four weeks ending on November 22, according to a weekly update of the monthly ADP National Employment Report.

Additionally, U.S. job openings increased marginally in October, rising 12,000 to 7.670 million, the Labor Department’s Bureau of Labor Statistics said.

The BLS is due to release its closely-monitored nonfarm payrolls report for November on December 16, after it was delayed by a record-long U.S. government shutdown. The October unemployment rate will also never be known, after having hovered around a four-year high of 4.4% in September.

Nvidia, Warner Bros Discovery in spotlight

However, most eyes are likely to be on Nvidia (NASDAQ:NVDA) after President Donald Trump stated, via a Truth Social post, that he will allow the company to sell its H200 AI chips to approved customers in China and other countries, albeit with a 25% tariff and with restrictions to ensure U.S. national security.

Trump said he had informed Chinese President Xi Jinping of his decision, to which Xi “responded positively.”

Nvidia’s H200 chip was unveiled in 2023 as the successor to the company’s H100 chip, and is estimated to be about six times more powerful than the H20, the most advanced AI chip that Nvidia is currently allowed to sell to China.

Nvidia chips are widely used by Chinese companies in AI development, with Trump’s Monday announcement presenting a path for higher chip sales for the world’s most valuable company.

Additionally, Warner Bros Discovery (NASDAQ:WBD) has another suitor, as just days after streaming titan Netflix (NASDAQ:NFLX) was named the winner of a bidding war for the studio, Paramount Skydance (NASDAQ:PSKY) said it had launched a hostile bid worth $108.4 billion.

The amount would surpass the $72 billion equity deal Netflix had secure for Warner’s television, film studios and streaming assets, and notably, Paramount’s rival bid would be for all of Warner, including its cable television properties.

Energy stocks, meanwhile, were also in the ascendency, led by Exxon Mobil Corp (NYSE:XOM) after the latter upgraded its earnings and cash flow outlook for the period spanning between 2024 and 2030.

On the earnings front, meanwhile, AutoZone Inc (NYSE:AZO) slumped 7% after reporting quarterly results that missed analyst estimates.

Toll Brothers Inc (NYSE:TOL) also came under pressure following a 3Q earnings miss.

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Peter Nurse, Ambar Warrick contributed to this article