Most U.S. stocks fell as a tick higher in bond yields tightened the screws a bit on Wall Street following a three-day weekend.
The S&P 500 closed little changed Tuesday and is sitting just below its record set a week ago. Roughly two out of every three stocks in the index fell. The Dow Jones Industrial Average fell 0.6%.
Some technology stocks remained particularly strong, which helped the Nasdaq composite rise 0.6% to another all-time high. Bond yields rose following a stronger-than-expected report on consumer confidence and the auction of Treasurys.
On Tuesday:
The S&P 500 rose 1.32 points, or less than 0.1%, to 5,306.04.
The Dow Jones Industrial Average fell 216.73 points, or 0.6%, to 38,852.86.
The Nasdaq composite rose 99.09 points, or 0.6%, to 17,019.88.
The Russell 2000 index of smaller companies fell 2.82 points, or 0.1%, to 2,066.85.
For the year:
The S&P 500 is up 536.21 points, or 11.2%.
The Dow is up 1,163.32 points, or 3.1%.
The Nasdaq is up 2,008.53 points, or 13.4%.
The Russell 2000 is up 39.78 points, or 2%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
