Wall Street’s main indices finished mixed on Tuesday, with the Nasdaq as the sole loser, as investors largely brushed off President Donald Trump’s tariff threats in hopes that countries would eventually reach a negotiated settlement.
Additionally, investors cheered signals from the Federal Reserve that a rate interest cut was not imminent, saying it would wait as necessary before implementing any rate adjustments.
The Dow Jones eked out a 0.28 percent gain, while the S&P 500 inched up 0.03 percent. The tech-heavy Nasdaq dropped 0.36 percent.
Ten companies on Tuesday led the charge amid a flurry of positive news sparking buying appetite. This article detailed the reasons behind their performance.
To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
10. Flagstar Financial Inc. (NYSE:FLG)
Flagstar Financial grew its share prices by 5.13 percent on Tuesday to end at $12.92 apiece as investors cheered the company’s optimistic outlook and efforts to turn the business to profitability.
According to FLG, among its strategies to support growth were cutting operating expenses by $600 million and expanding deposits within its consumer and private banking segments.
It would also bolster its workforce by hiring an additional 100 as part of its broader strategy to enhance commercial and industrial banking operations.
FLG CEO Joseph Otting posted optimism about the bank’s financial health, saying that the loan portfolio remained robust and that the bank was set to execute several loan sales in the year’s first quarter.
While still operating at a loss, FLG was able to narrow its net losses for the fourth quarter of 2024 by 94 percent to $160 million from the $2.704 billion registered in the same period a year earlier.
However, net loss in full-year 2024 soared by 1,279 percent to $1.09 billion from only $79 million in 2023.
9. Hesai Group (NASDAQ:HSAI)
Hesai Group rose for a second consecutive day, ending Tuesday’s trading up by 5.32 percent to finish at $18 apiece as investor sentiment was fueled by news that it bagged a new deal to deliver lidar technology to 10 models of Chinese EV-maker BYD.
To be called the next generation “God’s Eye” ADAS or advanced driver assistance system, BYD’s new models are expected to enter mass production this year.
BYD has become one of the fastest-growing EV makers globally, hitting record-high vehicle sales last year.
According to the company, it would include ADAS in almost all of its future models without bumping the costs and integrate DeepSeek artificial intelligence into its cars.
Meanwhile, BYD was just one of the various partnerships that HSAI entered into this year. Just recently, the latter partnered with AI software platform Outsight and autonomous driving solutions Embotech AG, to deliver cutting-edge lidar technology and perception software for Embotech’s AVM technology deployed in BMW facilities and known internally at BMW as Automated Driving In-Plant (AFW).
Also last month, HSAI secured design wins for multiple Chery models, which are expected to enter mass production in the second half of 2025. HSAI said the new models will be equipped with the newest generation of Hesai’s ultra-compact high-performance ATX lidar.