On Tuesday, February 27th, U.S. stock markets ended the day with mixed results as investors looked ahead to upcoming economic data for indications of potential Federal Reserve rate cuts against the backdrop of a fading earnings season.
Recent economic reports indicated a 6.1% fall in U.S. durable goods orders in January, following a 0.3% dip in December, alongside a 6.1% annual surge in the S&P CoreLogic Case-Shiller 20-city home price index for December.
Most S&P 500 sectors ended higher, notably utilities and communication services, while energy and healthcare stocks fell.
The Dow Jones Industrial Average declined 0.25%, closing at 38,972.41, the S&P 500 gained 0.17% ...