The US markets ended mixed on Tuesday after a long weekend, weighed down by weak economic news and Coca-Cola's quarterly report, where the profits declined by 8 percent from last year, despite higher volumes, while its revenues came in below the expectation. However, the Nasdaq extended its winning streak for an eighth straight session, though the overall market sentiment remained under pressure and traders with weak manufacturing and the home building reports, were skeptical if market could continue its recent upswing. The National Association of Home Builders said its housing market index slipped to 46 in February compared to a reading of 56 in the previous month.
Separately, a key regional manufacturing survey suggested that growth for New York State manufacturers slowed last month. The New York Fed's Empire State index fell to 4.48 for February, compared to a reading of 12.51 for January. Though, the decline suggested that manufacturing in New York State continued to expand during the month, but at a slower pace.
The Dow Jones Industrial Average fell by 23.99 points or 0.15 percent, to finish at 16,130.40, while the Nasdaq gained 28.76 points or 0.68 percent, to close at 4,272.78 and the S&P 500 was up by 2.13 points, or 0.12 percent to end at 1,840.76.
The Indian ADRs closed mostly in green on Tuesday, HDFC Bank was up by 0.65%, ICICI Bank was up by 0.89%, Infosys was up by 0.57%, Wipro was up by 0.05% and Dr Reddy’s was up by 0.78%.
On the other hand, Tata Motors was down by 0.42%.