NEW YORK/LONDON : U.S. stock indexes and the dollar were flat on Tuesday after bellwether companies posted some profit beats but warned of a tough year ahead, while data showed U.S. business activity contracted for the seventh straight month in January.
The three major U.S. stock indexes fell as corporate results from bellwethers including 3M, Johnson & Johnson, Verizon and GE showed some profit beats but warned of a tough year ahead. The Dow Jones Industrial Average rose 0.05 per cent, the S&P 500 lost 0.05 per cent and the Nasdaq Composite added 0.03 per cent.
"For the ECB, this should seal the deal for a 50-basis point hike next week," said ING economists in a note.
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