From Nasdaq:

Wall Street’s main indexes were mixed in choppy trading on Tuesday as Fed policy comments left investors uncertain about future rate cuts. Concerns about regional banks and commercial real estate also contributed to the market uncertainty. Cleveland Fed President Loretta Mester hinted at a potential rate cut based on economic performance.

Small regional bank NY Community Bancorp’s surprise financial loss raised concerns about the state of the commercial real estate industry, which is sensitive to rates. U.S. Treasury Secretary Janet Yellen voiced concern about commercial real estate stresses but believes the situation is manageable with assistance from bank regulators.

Following the bank’s loss, regional bank stocks declined, while airline stocks made gains. Airline sector gains contributed to a 2% advance in the Dow Jones Transport Average. GE HealthCare Technologies also gained after its positive fourth-quarter earnings.

The materials index surged, driven by chemicals firm DuPont de Nemours after it surpassed fourth-quarter profit estimates, announced a new share repurchase program, and hiked its dividend. Despite this positive news, Eli Lilly reversed earlier gains to fall 1%.

Advancing issues on the NYSE outnumbered decliners 2.2-to-1 ratio, contributing to 154 new highs and 57 new lows. The S&P 500 posted 25 new 52-week highs and 8 new lows while the Nasdaq recorded 95 new highs and 110 new lows.



Read more: US STOCKS-Wall St mixed with focus on earnings, rate-cut expectations