This article has been updated to reflect John Fox's full title
NEW YORK ( TheStreet) -- Major U.S. stock markets ticked higher Tuesday after a Conference Board report showed a strengthening in consumer confidence offset indications of business weakness in the Midwest.
The S&P 500 added 0.25% to 1,597.54, snagging an all-time closing high for the index. The S&P rose 1.81% in April.
The Conference Board Consumer Confidence Index increased in April to a better-than-expected 68.1, up from 61.9 in March. Economists were expecting a rise to 60.8, according to a Thomson Reuters poll. Earlier, the Chicago Purchasing Managers Index reported that its Business Barometer fell 3.4 points to a three and-a-half year low of 49 in April, indicating that business activity weakened in the Midwestern region. It was expected to show an increase to 52.5.Pitney Bowes (PBI), the biggest percentage decliner in the S&P, plummeted 15.6% to $13.67 after the mailing equipment and software company slashed its second-quarter dividend to 18.75 cents a share and reported first-quarter earnings of 42 cents a share on a 4% decline in revenue to $1.2 billion as its International Mailing sales came in flat from the prior year. Analysts, on average, were expecting earnings of 44 cents on revenue of $1.2 billion. "Our expectation was low single-digit organic growth
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