Stocks left Tuesday's session with little changed as market participants looked ahead to another batch of quarterly earnings and near-term stimulus outlooks dimmed. The S&P 500 reached a record intraday high before slipping slightly lower, while the Nasdaq made little change. Meanwhile, the Dow pared most of Monday's declines as components Johnson & Johnson
Consumer confidence increase at a more-than-expected rate in January following December's decline, the U.S. Conference Board reported on Tuesday. The headline index rose higher to 89.3 in January, following December's downwardly revised print of 87.1. Furthermore, a subindex tracking consumers' expectations for income, business and labor market conditions also rose to 92.5 from last month's 87.0, while the subindex tracking consumers' currency condition expectations declined to 84.4 from December's 87.2.
"Consumers' appraisal of present-day conditions weakened further in January, with COVID-19 still the major suppressor" Lynn Franco, senior director of economic indicators at the Conference Board, said in a statement. "Consumers' expectations for the economy and jobs, however, advanced further, suggesting that consumers foresee conditions improving in the not-too-distant future."
Here's how the market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
For Stocks, GameStop
For Sector Performance, sectors on the S&P 500 ended the session mixed, with Real Estate
For Commodities and Currency, the U.S. Dollar
For Wednesday, investors will turn their attention to the latest Federal Open Market Committee decision and remarks from Chair Jerome Powell. Companies like Apple