Wall Street stocks were mixed early on the first day of February trading as market participants digested a number of data points and corporate updates.
As of 1525 GMT, the Dow Jones Industrial Average was up 0.10% at 35,165.46, while the S&P 500 was 0.04% weaker at 4,513.71 and the Nasdaq Composite came out the gate 0.27% softer a 14,202.06.
The Dow opened 33.60 points higher on Monday after wrapping a rollercoaster month on a positive note in the previous session.
Tuesday’s primary focus will be more earnings from some of the nation’s largest firms, both during the session and after the close, as well as a few key data points scheduled for publication throughout the morning.
On the macro front, IHS Markit’s final January manufacturing PMI came in at 55.5, ahead of preliminary estimates for a reading of 55.0 but down from December’s print of 57.7 as firms expanded their workforce numbers at the slowest pace in the last 18 months.
Elsewhere, the Institute for Supply Management’s January manufacturing PMI registered a reading of 57.6%, a decrease of 1.2 percentage points from the seasonally adjusted December reading of 58.8% but still indicating expansion in the overall economy for the 20th month in a row.
Finally, construction spending hit $1.639bn in December, up 9% year-on-year and 0.2% above the revised November estimate of $1.636bn, according to the Census Bureau.
In the corporate space, Stanley, Black & Decker posted full-year organic revenue growth and adjusted diluted earnings per share expansion of 30% on Tuesday, leading the firm to issue 2022 guidance ahead of estimates, while Exxon’s fourth-quarter profits topped estimates amid soaring oil and gas prices.
Tesla shares were in the red after the electric carmaker revealed it was recalling roughly 53,000 vehicles with its self-driving software in the US, while UPS shares advanced after the shipping company beat earnings estimates and hiked its quarterly dividend by 49%.
AT&T revealed it will shed its stake in WarnerMedia following a planned merger of the division with Discovery.
Still to come, Alphabet, Electronic Arts, Chubb, General Motors, Paypal, AMD, Starbucks and Gilead Sciences will all report after the close.
The benchmark 10-year Treasury note was also in focus, with the yield increasing slightly to 1.814%.
Dow Jones – Risers
Visa Inc. (V) $230.76 2.03%
Chevron Corp. (CVX) $133.44 1.61%
Dow Chemical Co. (DOW) $60.55 1.37%
Boeing Co. (BA) $202.45 1.10%
Caterpillar Inc. (CAT) $203.63 1.03%
Goldman Sachs Group Inc. (GS) $357.24 0.72%
American Express Co. (AXP) $181.00 0.66%
JP Morgan Chase & Co. (JPM) $149.54 0.63%
Merck & Co. Inc. (MRK) $81.72 0.29%
International Business Machines Corporation (CDI) (IBM) $133.85 0.21%
Dow Jones – Fallers
Salesforce.Com Inc. (CRM) $226.94 -2.45%
Microsoft Corp. (MSFT) $306.37 -1.48%
Apple Inc. (AAPL) $173.19 -0.91%
Home Depot Inc. (HD) $363.66 -0.90%
Johnson & Johnson (JNJ) $170.88 -0.82%
Unitedhealth Group Inc. (UNH) $469.11 -0.73%
McDonald’s Corp. (MCD) $257.74 -0.66%
Cisco Systems Inc. (CSCO) $55.33 -0.62%
Coca-Cola Co. (KO) $60.68 -0.54%
Procter & Gamble Co. (PG) $159.60 -0.53%
S&P 500 – Risers
United Parcel Service Inc. (UPS) $227.68 12.60%
Mosaic Company (MOS) $41.87 4.81%
Exxon Mobil Corp. (XOM) $79.35 4.46%
CF Industries Holdings Inc. (CF) $71.71 4.12%
Nucor Corp. (NUE) $105.51 4.05%
FMC Technologies Inc. (FTI) $6.75 4.01%
Helmerich & Payne Inc. (HP) $29.79 3.80%
Occidental Petroleum Corp. (OXY) $38.72 2.77%
FedEx Corp. (FDX) $252.56 2.73%
Marathon Oil Corp. (MRO) $19.95 2.47%
S&P 500 – Fallers
Broadridge Fin Sol (BR) $150.91 -5.22%
AT&T Inc. (T) $24.23 -5.00%
Stanley Black & Decker Inc. (SWK) $168.14 -3.73%
PulteGroup Inc. (PHM) $50.75 -3.68%
Apartment Investment & Management Co. (AIV) $6.81 -3.13%
D. R. Horton Inc. (DHI) $86.50 -3.05%
Nektar Therapeutics (NKTR) $10.79 -2.97%
Allstate Corp (The) (ALL) $117.26 -2.83%
NRG Energy Inc. (NRG) $38.82 -2.78%
KLA-Tencor Corp. (KLAC) $378.70 -2.71%
Nasdaq 100 – Risers
Biogen Inc (BIIB) $229.68 1.63%
CSX Corp. (CSX) $34.58 1.05%
Illumina Inc. (ILMN) $352.28 0.99%
PACCAR Inc. (PCAR) $93.86 0.94%
Sirius XM Holdings Inc (SIRI) $6.41 0.79%
J.B. Hunt Transport Services Inc. (JBHT) $193.98 0.75%
Align Technology Inc. (ALGN) $498.48 0.71%
Qurate Retail Inc. (QRTEA) $7.07 0.64%
Netflix Inc. (NFLX) $429.81 0.63%
Expedia Group Inc. (EXPE) $184.17 0.48%
Nasdaq 100 – Fallers
KLA-Tencor Corp. (KLAC) $378.70 -2.71%
Take-Two Interactive Software Inc. (TTWO) $158.92 -2.71%
Applied Materials Inc. (AMAT) $134.45 -2.70%
Lam Research Corp. (LRCX) $574.65 -2.59%
Tesla Inc (TSLA) $912.88 -2.55%
Mercadolibre Inc. (MELI) $1,105.21 -2.37%
Electronic Arts Inc. (EA) $129.71 -2.23%
Skyworks Solutions Inc. (SWKS) $143.70 -1.92%
Workday, Inc. (WDAY) $248.63 -1.73%
NetEase Inc. Ads (NTES) $101.58 -1.72%
