Stock Market Today: UPS, First Republic Earnings Drag on Stocks

Dismal guidance from logistics giant UPS and dreary deposit data from regional lender First Republic kept a lid on the major indexes Tuesday.

UPS logo on side of brown delivery truck
(Image credit: NurPhoto/Getty Images)

Stocks opened in negative territory Tuesday, with losses accelerating as the session wore on. In focus today were corporate earnings; specifically, results from logistics giant United Parcel Service (UPS, -10.0%) and embattled regional bank First Republic (FRC, -49.4%). Investors also took in the latest economic reports, including concerning consumer confidence data. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.