Market Overview - Major U.S. equities indexes showed mixed results as markets reacted to recent earnings releases, with the S&P 500 up 0.4% and the Nasdaq up 0.5%, while the Dow industrials fell 0.3% [2] Company Performance - Tapestry (TPR) shares surged 12.0% after exceeding sales expectations for the holiday quarter and raising its full-year guidance, driven by strong sales growth at Coach [3] - Ralph Lauren (RL) shares increased by 9.7% following better-than-expected quarterly sales and profits, along with an improved revenue forecast [4] - Philip Morris (PM) reported fourth-quarter sales that beat estimates, leading to an 11.0% rise in its shares, supported by strong demand for Zyn nicotine pouches [5] - Skyworks Solutions (SWKS) experienced a significant decline of 24.7% in its shares due to warnings of increased competition in supplying chips for Apple, its largest customer [6] - Huntington Ingalls Industries (HII) saw its shares drop 18.3% after reporting lower-than-expected quarterly sales and profits, impacted by elevated costs at its Newport News shipyard [7] - PTC (PTC) shares fell 9.6% following a quarterly earnings release that raised concerns about sustaining growth, prompting analysts to lower their price target [8]
S&P 500 Gains and Losses Today: Skyworks Solutions Falls as Apple Supplier Predicts Sales Slump