U.S. stocks ended mostly lower on Tuesday as Wall Street took a breather from its relentless gains in the past few weeks.
That, however, didn't stop the tech-heavy Nasdaq Composite from ringing in another closing record. The S&P 500 SPX, -0.78% fell 0.8% to end around 3,207. The Dow Jones Industrial Average DJIA, -1.08% retreated 300 points, or 1.1%, to finish near 27,272, snapping a six-day winning streak. The Nasdaq Composite COMP, +0.29% gained 0.3% to end around 9,954, after briefly touching the 10,000 milestone earlier in the day.
Growing optimism around the reopening of the U.S. economy helped to power the Nasdaq to new heights, even as the upward momentum in other benchmark stock indexes showed signs of flagging. Analysts say the market was due for a rest as investors take stock of a rally that saw the S&PI 500 erase its year-to-date losses on Monday. In company news, Macy's shares were down 7% even as department store retailer's guidance on first-quarter losses stood above expectations.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Nasdaq-100 carves out intraday record high Tuesday morning as broader market takes a breatherThe Nasdaq-100 index on Tuesday was edging higher to a fresh all-time high intraday as the broader market was facing some headwinds following a blistering...
Weiterlesen »
Here's what happened to the stock market on TuesdayStocks were mostly under pressure as traders took profits from the so-called reopening trade, which has led the market's recently sharp gains.
Weiterlesen »
U.S. Stocks Rally; Nasdaq Hits RecordThe Dow rose as investors continued to assess the pace of the economic recovery. The technology-laden Nasdaq Composite index hit its first record close since February, and the S&P 500 finished in positive territory for the year.
Weiterlesen »
S&P 500, Dow retreat after rally; Nasdaq gains furtherWall Street's S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as investors eyed this week's Federal Reserve meeting for signs on how it views a restarting economy.
Weiterlesen »
Dow futures see muted action after Nasdaq notches its first closing record in about 4 monthsU.S. stock-index futures sees muted trade headed into Tuesday action, after a rally on Monday pushed the Nasdaq Composite to its first all-time closing high since Feb. 19, and reaffirmed a state of bullishness that has gripped the market in recent weeks as investors react to the pace of the economic recovery from the COVID-19 pandemic.
Weiterlesen »
China's online grocery platform Dada debuts on the Nasdaq, calls for greater scrutiny on marketsChinese grocery delivery company Dada is confident it can stand up to U.S. scrutiny as a newly listed company in New York.
Weiterlesen »