US Equity Markets Lower Amid Technology-Led Selloff

MT Newswires Live05:44

US equity indexes ended lower Tuesday in a selloff led by a steep decline in technology stocks and the consumer discretionary and communication services sectors.

* Consumer confidence for February rose from January, with the RealClearMarkets' monthly index climbing to 48.8 from 47.2 amid improvements in all components.

* Redbook US same-store sales jumped 6.7% from a year earlier in the week ended Jan. 31, below the 7.1% sequential increase in the previous week.

* March West Texas Intermediate crude oil rose $1.80 to settle at $63.94 per barrel, while April Brent crude, the global benchmark, was last seen up $1.72 to $68.02.

* DaVita (DVA) shares were up roughly 21% after the company reported late Monday higher Q4 adjusted net income and revenue.

* PayPal (PYPL) shares dropped roughly 20%, one of the steepest declines on the S&P 500 and the Nasdaq, after the company reported Q4 non-GAAP earnings and net revenue below market consensus.

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