Market Pulse: Dow, S&P 500 waver at the open as stock market attempts to kick off February’s first session higher
U.S. stock indexes opened flat Tuesday morning, but was trying to levitate, after the worst month since March 2020 for the Nasdaq Composite and S&P 500.
Investors are looking ahead to manufacturing and jobs data, while earnings from Exxon Mobil Corp. XOM, +5.01% and other corporate heavyweights were in the spotlight.
The Dow Jones Industrial Averge DJIA, -0.07% was trading up 70 points, or 0.2%, higher at 35,199, but had opeed virtually unchanged.
The S&P 500 index SPX, -0.26% was up 5 points, or 0.1%, to 4,520.
The Nasdaq Composite Index COMP, -0.64% traded off 0.1% at 14,220.
The S&P 500 index SPX, -0.26% was up 5 points, or 0.1%, to 4,520.
The Nasdaq Composite Index COMP, -0.64% traded off 0.1% at 14,220.
In corporate news, shares of United Parcel Service UPS, +12.89% surged 7% after the package delivery giant reported earnings and revenue well above expectations.
In economic news, investors will get the Institute for Supply Management’s manufacturing index for January, along with data on job openings, or JOLTS, and construction spending for December, all at 10 a.m. Eastern Time.
