Market Closes Lower, Freshly Listed Stocks Flourish

Freshly listed stocks traded higher Tuesday, but the entire market seemed to pull back in the final hour of trading. Indexes swung from a 0.20% climb to a fall of the same amount. 

With preliminary closing figures, $S&P 500(.SPX)$   fell 0.28%, the $DJIA(.DJI)$   fell 0.08%, and the $NASDAQ(.IXIC)$   and the fell 0.42%.

Durable Goods Climb As Investors Await CPI 

According to macroeconomic data, durable goods orders rebounded by 1.4% in the past month, compared to an expected gain of 1%. 

Orders plunged in January because of a seasonal decline in Boeing airplane contracts. If transportation is excluded, orders for manufactured goods advanced 0.5%, the government said. 

Meanwhile, a key measure of business investment, known as core orders, increased 0.7%. Taken together, these figures suggest U.S. manufacturers might be reviving after a few years of malaise. 

The figures could suggest that U.S. manufacturers have picked up after years of slowdown. Economist Ali Jaffery of CIBC Economics told MarketWatch, "Restrictive monetary policy continues to weigh on tangible investment.” 

Oil Prices Remain Steady as Investors Weigh Supply Outlook

Oil futures settled modestly lower on Tuesday after snapping a three-day losing streak in the previous session, buoyed by continued attacks by Ukraine on Russian refineries. 

On Monday, Moscow ordered companies to rein in oil output in the second quarter to ensure they meet a production target of 9 million barrels per day by the end of June, in line with its pledges to OPEC+, according to Reuters. 

Moscow's commitment to production cuts comes as India, which together with China has recently been the most important buyer of Russian oil, is seen having difficulties continuing to purchase large quantities from Russia due to a tightening of U.S. sanctions against the Russian tanker fleet, Barbara Lambrecht, commodity strategist at Commerzbank, said in a note.

Freshly Listed Faces Move Shares 

$Trump Media & Technology(DJT.US)$ climbed a startling 60% intraday as the newly relisted stock drew retail attention

Tesla Climbs on X Post

$Tesla Motors(TSLA)$  was up over 5% Tuesday morning after Elon Musk promised a one-month free 'full self-driving' trial to all Tesla cars in the US this week.  

Reddit Stock Charges Higher 10%, Even as It Picks up a Neutral Rating

$Reddit(RDDT)$  's stock is continuing its sharp ascent in Tuesday trading, even as an analyst took a sidelined stance on the social-media name. 

Gamestop Earnings Disappoint During the Holiday Quarte

$GameStop(GME)$   reported quarterly earnings of $0.22 per share, which missed the analyst consensus estimate of $0.29 by 24.14 percent.  

UPS falls, Forward-Looking Statements Look 

$United Parcel Service(UPS.US)$ was the biggest decliner in the S&P 500, down 8%. The mailing service released its updated three-year plan.

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