US Equity Markets Higher Amid Gains in Industrials, Financial Stocks

MT Newswires Live
2 hours ago

US equity indexes were edging higher Tuesday amid gains in industrials and finance-related stocks.

* The National Association of Home Builders' monthly housing market index fell to 36 in February from 37 in January, falling below analyst expectations of 38, according to a Bloomberg-compiled survey.

* The New York Federal Reserve's Empire State manufacturing index dropped to 7.1 in February from 7.7 in January, while analysts polled by Bloomberg expected a minus 6.2.

* March West Texas Intermediate crude oil fell $0.59 to settle at $62.30 per barrel, while April Brent crude, the global benchmark, was last seen down $1.27 at $67.38.

* Elliott Investment Management has built a more than 10% stake in Norwegian Cruise Line (NCLH) and plans to push the cruise operator to improve performance, The Wall Street Journal reported. Shares of the company were up about 12%

* Genuine Parts (GPC) shares dropped roughly 15%, the worst performer on the S&P 500, after the company reported lower Q4 adjusted earnings. The company also confirmed a plan to separate its automotive and industrial parts groups into two publicly traded entities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10