S&P 500 closes flat | UPS jumps 10% | Cramer says Tesla failed to deliver blowout quarter

More signs of an accelerating economic recovery continued to support cyclical stocks even though the S&P 500 appeared stalled at record levels.

VIEW IN BROWSER | SUBSCRIBE TUE, APR 27, 2021 EVENING BRIEF AS OF TUE, APR 27, 2021 • 04:41 ET DJIA 33984.93 +0.01% +3.36 S&P 500 4186.72 -0.02% -0.90 NASDAQ 14090.22 -0.34% -48.56   Most Active DOW NAME LAST CHG %CHG AAPL 134.39 -0.33 -0.24% INTC 57.97 -0.79 -1.34% MSFT 261.97 +0.42 +0.16% S&P 500 NAME LAST CHG %CHG GE 13.49 -0.08 -0.59% AAPL 134.39 -0.33 -0.24% AMD 85.21 -0.20 -0.23% NASDAQ NAME LAST CHG %CHG AAPL 134.39 -0.33 -0.24% AMD 85.21 -0.20 -0.23% INTC 57.97 -0.79 -1.34%   EDITOR'S NOTE More signs of an accelerating economic recovery continued to support cyclical stocks, even though the S&P 500 appeared stalled at record levels. Data out Tuesday showed home prices in February registered the biggest gain in 15 years, rising 12% year over year and up from 11.2% in January, according to the S&P CoreLogic Case-Shiller home price index.   Meanwhile, consumer confidence climbed sharply to hit a Covid pandemic high, with The Conference Board's index jumping to 121.7 this month, the highest since February 2020. "The main catalyst behind the confidence gain was the sharp improvement in the answers to the labor market questions, definitely helped by us getting closer to a full reopening and the increasing demand for labor," said Peter Boockvar, chief investment officer at Bleakley Advisory Group.   One of the biggest gainers Tuesday was UPS, the world's largest delivery company, which saw its shares soar double-digits after earnings blew past Wall Street estimates. The company said first-quarter revenue was up 27% amid a boom in e-commerce deliveries.   The Dow Jones Transportation Average rallied 1.4% on Tuesday, coming off its 12th positive week in a row for the first time on record. In comparison, the Dow Jones Industrial Average closed up just over three points, while the S&P 500 ended the day flat. Yun Li | CNBC Markets and Investing Reporter @YunLi626 TOP NEWS  S&P 500 closes flat near a record high ahead of Big Tech earnings CDC says fully vaccinated people can exercise, hold small gatherings outdoors without masks JPMorgan Chase tells U.S. employees they are expected back to the office on a rotating basis by July As Nasdaq hits record, these cheap stocks with upside could lead the next leg higher Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chair Hedge fund manager Dan Niles is short Tesla, but is betting on electric vehicles with this stock Biden capital gains tax plan would raise $113 billion if 'step up in basis' is killed, says Wharton CDC says fully vaccinated people can exercise, hold small gatherings outdoors without masks Elizabeth Warren takes aim at FedEx, Nike, Amazon in push for corporate tax hike Stock split rumor sends bullish options traders storming into Amazon   TOP VIDEO How the Fed's gamble on inflation may pay off   CNBC PRO Bill Miller revealed he's a billionaire. Here's what the groundbreaking investor is betting on now   SPECIAL REPORTS Cramer says Tesla failed to deliver 'blowout quarter,' believes Ford and GM pose a threat What investors should know before Ford reports first-quarter results on Wednesday   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS