Nasdaq jumps 1%, Dow climbs 370 points as Wall Street shakes off a slow start to the week; Europe stocks close mixed as investors await U.S. inflation data 
U.S. stocks rose on Tuesday as investors digested another batch of corporate earnings and awaited key inflation data later this week. The Dow Jones Industrial Average gained 421 points, or about 1.2%. The S&P 500 ticked up nearly 1%, while the Nasdaq Composite added roughly 1.4%. 
Corporate earnings were driving stock moves on Tuesday. Harley-Davidson jumped 8% after the company reported a surprise profit for the fourth quarter. 
On the downside, Pfizer shares tumbled 3.6% after the drugmaker’s fourth-quarter revenue came in lower than Wall Street analysts expected. Pfizer’s full-year earnings guidance also disappointed. 
Elsewhere, Peloton shares rose 18% after the interactive fitness company said it will slash 2,800 jobs in a restructuring effort that will see CEO John Foley step down and transition to executive chair. 
The company will report earnings Tuesday after the market closes and during what’s been a turbulent time for the company. The stock surged 20.9% on Monday following reports the company could be a takeover target. 
Shares of Snap, which have been volatile during a mixed earnings season for social media stocks, fell 4.7% after the social media company announced a new debt offering. 

The pan-European Stoxx 600 index provisionally closed a hair above the flatline, with tech stocks sliding 0.9% while basic resources added 2.2%. 
Oil and gas giant BP reported a massive upswing in full-year net profit, its highest in eight years, supported by soaring commodity prices. BP shares nevertheless sank over 2%. 
Source: CNBC, Investing.com