Economic indicators

The Federal Reserve Bank of Philadelphia Report on Business general business conditions index dropped to negative 4.1 from positive 17.0.

Builders’ confidence in the market for new single-family homes grew as the National Association of Home Builders' housing market index climbed to 62 in February from 58 in January.

New York service sector activity “grew at a fairly solid clip” in February, according to the Federal Reserve Bank of New York's Business Leaders Survey, released Tuesday.

The University of Michigan’s preliminary February sentiment index rose to 95.5.

Import prices were down 0.5% in January following a 1.0% decline in December, according to the Bureau of Labor Statistics.

Business activity grew modestly in New York State in February, the New York Federal Reserve said.

Total industrial production contracted 0.6% in January after a revised 0.1% rise that was also revised down.

The value of business inventories in November was down 0.1% from October vs a 0.2% gain expected by analysts.

The January producer price index data was weaker than expected, falling 0.1% overall. However, there was a 0.3% gain excluding food and energy.

Filings for U.S. unemployment benefits unexpectedly rose last week and remain elevated compared with recent trends, a sign of possible residual effects of the partial government shutdown.