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.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3628+0.0002+0.01%
    USDSGD=X
    1.5258+0.001+0.06%
    EURSGD=X
    2.1040+0.0003+0.01%
    GBPSGD=X
    87.7859-0.0127-0.01%
    SGDJPY=X
    5.6910-0.0009-0.02%
    SGDHKD=X
    2.6536-0.0004-0.01%
    SGDMYR=X
    9,530.7559-1.3789-0.01%
    SGDIDR=X
    4.5974-0.0007-0.01%
    SGDCNY=X
    1.0645+0.0006+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,214.70+4.60+0.38%
    GCJ15.CMX
    16.620.00-0.02%
    SIK15.CMX
    76.94+1.10+1.45%
    ^XAU
    2.69-0.01-0.24%
    HGK15.CMX
    49.76+1.35+2.80%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.50-0.02
    ^FVX
    2.00-0.01
    ^TNX
    2.60-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.975-0.085-8.02%
    N21.SI
    0.405-0.005-1.22%
    E5H.SI
    0.280.000.00%
    5WA.SI
    0.70-0.01-1.41%
    Y92.SI
    0.985+0.005+0.51%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.03+21.43%
    40B.SI
    0.24+0.02+11.63%
    B1N.SI
    0.625+0.060+10.62%
    L5I.SI
    0.80+0.07+9.59%
    533.SI
    0.24+0.02+9.09%
    D79.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.105-0.010-8.70%
    J8O.SI
    0.42-0.04-8.70%
    CH8.SI
    0.14-0.01-8.50%
    5TJ.SI
    0.975-0.085-8.02%
    N21.SI
    0.29-0.03-7.94%
    AFC.SI