US Equity Markets Mixed as Investors Parse New Economic Data

MT Newswires Live
4 hours ago

US equity indexes were mixed Tuesday as technology and health stocks moved in opposite directions, while a consumer confidence gauge dropped to a 12-year low.

* The Conference Board's measure of consumer confidence slipped to 84.5 in January, its lowest since May 2014, from 94.2 in December and below the 91.0 expected in a Bloomberg-compiled survey.

* The Dallas Federal Reserve's monthly general business services index rose to 2.7 in January from a revised reading of minus 5.0 in December.

* The Richmond Fed's monthly manufacturing index improved to minus 6 in January compared with minus 7 in December, while still below market expectations of minus 5, according to a Bloomberg-compiled survey.

* March West Texas Intermediate crude oil rose $1.82 to settle at $62.45 per barrel, while March Brent crude, the global benchmark, was last seen up $1.96 to $67.55.

* Corning (GLW) shares rose roughly 16%, the top gainer on the S&P 500, after the company said it signed a multiyear, up to $6 billion, deal to supply optical fiber, cable, and connectivity products to support the construction of Meta Platforms' (META) US data centers.

* UnitedHealth (UNH) is among the health insurance stocks falling on Tuesday after the Trump administration proposed nearly flat rates for Medicare insurers in 2027. UnitedHealth's shares were down nearly 20%, the worst performer on the Dow.

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