US stocks were mixed in late-morning trading Tuesday, as the Federal Reserve's rate-setting committee commenced its two-day meeting.

In company news, UnitedHealth Group (UNH) reported Q4 adjusted earnings Tuesday of $2.11 per diluted share, down from $6.81 a year earlier and matching the average estimate of analysts polled by FactSet. Fourth-quarter revenue was $113.22 billion, up from $100.81 billion a year ago but below the FactSet consensus analyst estimate of $113.85 billion. For 2026, the company said it expects adjusted diluted EPS of more than $17.75 on revenue of $439 billion, compared to the FactSet consensus estimates of $17.74 and $454.25 billion, respectively. UnitedHealth shares dropped past 19% around midday.

Boeing (BA) reported Q4 core earnings Tuesday of $9.92 per diluted share, swinging from a loss of $5.90 a year ago and above the FactSet consensus estimate of a loss of $0.44. Fourth-quarter revenue was $23.95 billion, up from $15.24 billion a year ago and above the FactSet consensus of $22.60 billion. Boeing shares were up 1.7%.

General Motors (GM) reported Q4 adjusted earnings Tuesday of $2.51 per diluted share, up from $1.92 a year earlier and above the FactSet consensus of $2.27. Fourth-quarter revenue was $45.29 billion, down from $47.70 billion a year ago and below the FactSet consensus of $46.22 billion. For 2026, the automaker said it expects adjusted EPS of $11 to $13. Analysts polled by FactSet expect $11.95. General Motors shares rose 9.2%.

United Parcel Service (UPS) reported Q4 adjusted earnings Tuesday of $2.38 per diluted share, down from $2.75 a year earlier but above the FactSet consensus of $2.20. Fourth-quarter revenue was $24.48 billion, down from $25.30 billion a year ago and above the FactSet consensus of $24.01 billion. For 2026, the company said it expects revenue of about $89.7 billion. Analysts polled by FactSet expect $88.05 billion. On the company's earnings call, Chief Financial Officer Brian Dykes said UPS plans to cut up to 30,000 operational roles in 2026. United Parcel Service shares were up 4.2%.

Amazon.com (AMZN) said Tuesday it is shuttering its Amazon Go and Amazon Fresh stores and converting select locations into Whole Foods Market outlets. The company said it plans to open more than 100 new Whole Foods stores in the coming years. Amazon shares rose 1.7%.

Price: 284.89, Change: -66.75, Percent Change: -18.98