On Tuesday’s trading day, markets stayed mixed as investors made modest gains across the broad economy and tech sector. Investors remain calm ahead of this week’s inflation report which will depict January’s prices through the Fed’s preferred gauge, the price consumption expenditures index. Without stellar earnings from the world’s mega caps, markets have stayed fairly quiet as the current direction for equities remains unclear. For consumers, the Consumer Confidence Index fell to 106.7, lower than January’s figure and lower than Dow Jones estimates of 115.1. For the main indices, the S&P 500 rose 0.17%, the NASDAQ Composite went up 0.37%, and the Dow Jones fell 0.25%.
Two companies that had large price movements throughout midday trading were Norwegian Cruise Lines and Unity Software. Stock for Norwegian Cruise Lines soared 19.84% after the firm reported far stronger than expected guidance for the current quarter. In the red, however, was software firm Unity, falling 6.06% after lowering its guidance for its EBITDA this quarter.