04:01 PM EDT, 04/29/2025 (MT Newswires) -- US benchmark equity indexes ended higher Tuesday despite soft labor and consumer confidence data.
* US job openings fell to 7.192 million in March, below the 7.5 million expected in a Bloomberg survey and the 7.480 million reported in February. The March level represents 4.3% of total employment, down from 4.5% in February and 4.9% a year earlier, the Bureau of Labor Statistics said Tuesday.
The Conference Board's measure of consumer confidence fell to 86.0 in April from 93.9 in March, below a reading of 88.0 expected in a survey compiled by Bloomberg.
* The probability of the Federal Reserve cutting rates by 25 basis points in June was 60% on Tuesday, according to the CME Group's FedWatch Tool. The likelihood of a follow-up cut of the same magnitude in July stood at 54%, up from 51% a day ago.
* "In the medium term, we remain more worried about growth versus sustained inflation," the Wells Fargo Investment Institute said in a note. Tariffs are a blunt force pushing prices higher, but the increase is "not sustained inflation," the report said.
* June West Texas Intermediate crude oil closed down $1.75 to settle at $60.30 per barrel, while June Brent crude, the global benchmark, was last seen down $1.71 to $64.15 on concerns supply is set to outpace flagging demand.
* Novo Nordisk A/S ( NVO ) and Hims & Hers Health ( HIMS ) are partnering to enable US consumers access to the NovoCare pharmacy directly through the Hims platform. Consumers will be able to purchase all dose strengths of Wegovy in a bundled offering with a Hims membership for $599 a month. Hims shares jumped 23%, and Novo Nordisk ( NVO ) rose 4%.
* NXP Semiconductors ( NXPI ) shares dropped 6.9%. The Dutch chipmaker warned that it is navigating a "very uncertain" environment because of tariffs after reporting better-than-expected Q1 results.