Wall Street drifted to a mixed close ahead of a couple potentially market-shaking events later in the week.
The S&P 500 fell 0.3 percent Tuesday, coming off a rare August gain that was powered by Big Tech. The Dow lost 174 points, and the Nasdaq composite eked out a tiny gain.
Stocks have struggled this month as yields shot upward in the bond market. The yield on the 10-year Treasury ticked lower a day after reaching its highest level since 2007. Later this week, Nvidia will offer a profit report and the Federal Reserve’s chair will give a highly anticipated speech.
On Tuesday:
The S&P 500 fell 12.22 points, or 0.3 percent, to 4,387.55.
The Dow Jones Industrial Average fell 174.86 points, or 0.5 percent, to 34,288.83.
The Nasdaq composite rose 8.28 points, or 0.1 percent, to 13,505.87.
The Russell 2000 index of smaller companies fell 5.18 points, or 0.3 percent, to 1,850.84.
For the week:
The S&P 500 is up 17.84 points, or 0.4 percent.
The Dow is down 211.83 points, or 0.6 percent.
The Nasdaq is up 215.10 points, or 1.6 percent.
The Russell 2000 is down 8.59 points, or 0.5 percent.
For the year:
The S&P 500 is up 548.05 points, or 14.3 percent.
The Dow is up 1,141.58 points, or 3.4 percent.
The Nasdaq is up 3,039.39 points, or 29 percent.
The Russell 2000 is up 89.59 points, or 5.1 percent.