12:06 PM EST, 01/21/2025 (MT Newswires) -- Wall Street's major market averages were higher around midday Tuesday, the first trading day of President Donald Trump's second term.

In equities, Charles Schwab ( SCHW ) shares rose 3.3% after it reported higher Q4 adjusted earnings and total net revenue.

Prologis ( PLD ) shares advanced 3.7% after it reported higher Q4 core funds from operations and total revenue.

3M's ( MMM ) Q4 adjusted earnings from continuing operations fell from a year earlier but beat analysts' estimates. The company's shares added 4.4%.

Apple ( AAPL ) shares slid 4.3% after Bloomberg reported, citing an independent research firm, that iPhone sales fell 18.2% in Q4. The report said iPhone handsets, which were China's top sellers a year earlier, were surpassed by Huawei Technologies' handsets.

FTAI Aviation ( FTAI ) said its audit committee is reviewing allegations made in a short-seller report by Muddy Waters Research, which could potentially delay the filing of its 2024 annual report. FTAI shares lost more than 26%.

Moderna ( MRNA ) said late Friday it has been awarded $590 million by the US Department of Health and Human Services for the development of mRNA-based influenza vaccines. Moderna ( MRNA ) shares climbed 6% in recent Tuesday trading.

Price: 78.95, Change: +2.54, Percent Change: +3.32