Benzinga - The S&P 500 ended slightly lower on Tuesday following the release of mixed quarterly earnings.
A technical issue caused the New York Stock Exchange to halt trading in a swath of stocks on Tuesday morning.
Economic data released Tuesday showed the S&P Global services PMI rising to 46.6 in January from 44.7 in the previous month, while manufacturing PMI increased to 46.8 in January from 46.2.
Union Pacific Corporation (NYSE: UNP) missed earnings estimates for the latest quarter on Tuesday, while Microsoft Corporation (NASDAQ: MSFT) reported downbeat quarterly revenue after the closing bell.
As far as the earnings season is concerned, 72 S&P 500 companies have released quarterly results so far, with around 65% of those exceeding market estimates.
Major sectors on the S&P 500 closed on a mixed note, with industrials and utilities stocks recording the biggest surge on Tuesday. However, health care and communication services stocks moved lower during the session.
The Nasdaq 100 fell 0.22% to close at 11,846.64 on Tuesday, amid gains in shares of Alphabet Inc. (NASDAQ: GOOGL) and Amazon.com, Inc. (NASDAQ: AMZN).
The S&P 500 slipped 0.07%, while the Dow Jones added 0.31% to 33,733.96 in the previous session.
The Chicago Board Options Exchange's CBOE Volatility Index (VIX) fell 3.1% to 19.20 points on Tuesday.
What is CBOE Volatility Index?
The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.
Read Next: Benzinga's Most Accurate Analysts Say Hold These 3 Tech & Telecom Stocks Delivering High-Dividend Yields
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.