US stocks mixed after downbeat confidence data

US stocks were mixed in morning trade Tuesday after a jolt from a dive in consumer confidence and a series of better-than-expected company earnings.

An hour into trade, the Dow Jones Industrial Average was up 31.64 points (0.23 percent) at 13,913.57.

The S&P 500, a broad measure of the markets, edged up 0.90 point (0.06 percent) to 1,501.08.

The tech-rich Nasdaq Composite Index fell 14.32 (0.45 percent) to 3,139.98.

"Investors are cautious ahead of several economic reports and as the Federal Reserve kicks off its two-day policy meeting," Wells Fargo Advisors said in a market note.

The indices took a brief hit after the Conference Board reported US consumer confidence sank sharply in January, to 58.6, well below market expectations.

Before the markets opened, the S&P/Case-Shiller index showed home prices weakened in November but were still 5.5 percent higher than a year earlier, another sign of strength in the housing market.

Pfizer, the world's biggest pharmaceutical company, led the Dow gainers, jumping 2.4 percent after reporting fourth-quarter earnings that topped expectations.

Hewlett-Packard was the blue-chip laggard, sliding 2.8 percent.

Ford slumped 5.4 percent after posting stronger-than-expected earnings but mixed forecasts for 2013.

Yahoo! fell 1.4 percent. The struggling Internet pioneer's quarterly profit beat expectations.

Apple was up 1.4 percent, supporting the Nasdaq, after announcing a new iPad with double the storage capacity.

Research in Motion plunged 8.7 percent a day ahead of the launch of its latest smartphone, the BlackBerry 10.

Stocks closed mostly lower Monday after a string of rallies that left the indices at multi-year highs. The Dow dropped 0.10 percent and the S&P 500 fell 0.18 percent, while the Nasdaq gained 0.15 percent.

Bond prices rose slightly Tuesday. The yield on the 10-year US Treasury slipped to 1.96 percent from 1.97 percent late Monday, while the yield on the 30-year bond edged down to 3.14 percent from 3.15 percent. Bond prices and yields move inversely.

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  • Currencies
    Currencies
    NamePriceChange% Chg
    1.34860.000.00%
    USDSGD=X
    1.4978+0.003+0.20%
    EURSGD=X
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    GBPSGD=X
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    5.7481+0.00010.00%
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    SGDMYR=X
    9,873.9121+22.9248+0.23%
    SGDIDR=X
    4.5997-0.0007-0.02%
    SGDCNY=X
    1.0194-0.0098-0.95%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,167.40+3.90+0.34%
    GCQ15.CMX
    15.65+0.08+0.53%
    SIU15.CMX
    62.65+1.28+2.08%
    ^XAU
    2.64+0.01+0.44%
    HGU15.CMX
    56.66-0.27-0.47%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65-0.06
    ^FVX
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    ^TNX
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    ^TYX

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    5DN.SI
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    5WA.SI
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    N03.SI
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    P15.SI
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    5GB.SI
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    BAJ.SI
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    D3W.SI
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    AZR.SI
    0.55+0.05+10.00%
    BAI.SI
    0.25+0.02+8.70%
    AZW.SI
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