U.S. equity markets were little changed Tuesday morning as investors parsed through an avalanche of earnings reports.

The Dow Jones Industrial Average fell 35 points, or 0.1%, while the S&P 500 and the Nasdaq Composite ticked up 0.06% and 0.12%, respectively. Both the S&P 500 and the Nasdaq Composite closed at record highs on Monday.

Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 33959.89 -21.68 -0.06%SP500 S&P 500 4186.05 -1.57 -0.04%I:COMP NASDAQ COMPOSITE INDEX 14101.108503 -37.67 -0.27%

In earnings, Tesla Inc. battled through "severe supply chain issues" to post record net income as revenue surged by 74% versus the prior year. Both earnings and revenue exceeded Wall Street estimates. 

Ticker Security Last Change Change % TSLA TESLA, INC. 708.12 -30.08 -4.07%

Dow component 3M Co. said demand for personal safety products amid the pandemic helped fuel 10% year-over-year sales growth. 

Ticker Security Last Change Change % MMM 3M CO. 194.17 -5.69 -2.85%

Meanwhile, United Parcel Service Inc. beat on both the top and bottom lines, continuing to benefit from the online shopping boom caused by the pandemic. 

Ticker Security Last Change Change % UPS UNITED PARCEL SERVICE, INC. 195.38 +19.29 +10.95%

General Electric Co. reported quarterly profit declined 20% from a year ago as the COVID-19 pandemic curtailed demand for its plane engines. The Boston-based conglomerate, however, reaffirmed its full-year free cash flow and earnings per share outlooks.

Ticker Security Last Change Change % GE GENERAL ELECTRIC CO. 13.28 -0.30 -2.25%

Alphabet Inc. and Microsoft Corp. will announce their quarterly results after Tuesday’s closing bell. 

Ticker Security Last Change Change % GOOGL ALPHABET, INC. 2,292.97 -16.96 -0.73%MSFT MICROSOFT CORP. 261.45 -0.10 -0.04%

In deals, Toyota Motor Co. agreed to buy Lyft Inc.’s self-driving unit for $550 million. Lyft will receive $200 million cash upfront and the remaining $350 million over the next five years. 

Ticker Security Last Change Change % TM TOYOTA MOTOR 152.78 -0.76 -0.49%LYFT LYFT INC. 62.94 -0.12 -0.19%

GameStop Corp. shares soared after the video-game retailer announced the completion of its 3.5 million share sale, raising $551 million before transaction costs. 

Ticker Security Last Change Change % GME GAMESTOP 177.17 +8.37 +4.96%

In commodities, West Texas Intermediate crude oil rose 55 cents to $62.46 per barrel and gold edged up $4 to $1,784.10 an ounce. 

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Overseas markets were mostly weaker.

In Europe, Germany’s DAX 30 lost 0.36%, France’s CAC 40 slid 0.2% and Britain’s FTSE 100 declined 0.26%.

Elsewhere, Japan’s Nikkei 225 fell 0.46% while Hong Kong’s Hang Seng index slipped 0.04% and China’s Shanghai Composite ticked up 0.04%. 

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