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Stock market news today: Indexes mixed as business activity improves

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US stocks trade mixed as business activity improves while earnings season heats up

US stocks were mixed at the close on Tuesday, as a key economic indicator showed improvement while investors digested a tranche of industrial earnings.

S&P Global's US purchasing manager indexes for January ticked higher, but remained in negative territory. Meanwhile, 3M missed earnings views, while revenue beat expectations. The company also announced layoffs on Tuesday. But General Electric and Lockheed Martin beat fourth-quarter estimates. The New York Stock Exchange experienced a hiccup during the session with dozens of stocks including AT&T, Morgan Stanley and Verizon halted due to a technical issue.

 

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