Stocks ended mixed on Tuesday after Wall Street moved in opposition to crude prices for most of the session and a slew of housing and economic reports left markets at a draw.
The recent failure of IndyMac has sent the FDIC's insurance fund balance to its lowest levels since 1995. This is forcing the regulator to boost its reserves by increasing the fees banks pay.
The number of Americans without health insurance decreased last year as more people signed up for government coverage, while the nation's median income rose slightly to $50,233, new government figures show.
The Federal Reserve expressed concern about both greater inflation risks and a slowdown in the economy that could extend into next year, according to minutes of its most recent meeting.
The housing sector offered another mixed bag of news Tuesday, as new home sales rose slightly in July only after June sales were revised downward, according to a key government report.