U.S. stocks fell Tuesday, with the S&P 500 Index retreating after a three-session advance that had the index near a four-year high.
The market’s decline isn’t surprising, given “we had such an incredible run-up and were moving toward historic highs,” said Carol Pepper, chief executive of Pepper International, an investment-advisory firm in New York.
The S&P 500 SPX -0.30% declined 4.23 points, or 0.3%, at 1,405.52. On Monday it had closed at its highest since May 2008 and also notched a new 52-week high.
Among 10 industry groups, energy and industrial stocks slipped the most on Tuesday. Financials fared best.
Dow Jones Industrial Average (^DJI)
-DJI
13,170.19 
68.94(0.52%)
68.94(0.52%)Dow Jones Industrial Average (^DJI)
-DJI| Prev Close: | 13,239.13 |
|---|---|
| Open: | 13,238.45 |
| Day's Range: | 13,123.38 - 13,238.45 |
|---|---|
| 52wk Range: | 10,362.30 - 13,331.80 |
No comments:
Post a Comment
Please remember...your comment should not contain nudity or vulger language in addition to advertisement of your blog/site or any product ...and should not hurt the readers emotions...if that will be case it will be removed on first review of admin staff... Regards