U.S. stocks drifted a bit below their record heights.
The S&P 500 slipped 0.1 percent Tuesday, coming off its latest all-time high. The Dow Jones Industrial Average lost 0.3 percent, and the Nasdaq composite fell 0.1 percent.
Stocks have run to records on expectations that the Federal Reserve will announce on Wednesday its first cut to interest rates of the year. The job market could use such a boost after slowing sharply. Treasury yields eased a bit after a report showing stronger sales at U.S. retailers did little to change expectations for the Fed to cut interest rates several times through this year and into 2026.
On Tuesday:
The S&P 500 fell 8.52 points, or 0.1 percent, to 6,606.76.
The Dow Jones Industrial Average fell 125.55 points, or 0.3 percent, to 45,757.90.
The Nasdaq composite fell 14.79 points, or 0.1 percent, to 22,333.96.
The Russell 2000 index of smaller companies fell 2.10 points, or 0.1 percent, to 2,403.03.
For the week:
The S&P 500 is up 22.47 points, or 0.3 percent.
The Dow is down 76.32 points, or 0.2 percent.
The Nasdaq is up 192.86 points, or 0.9 percent.
The Russell 2000 is up 5.97 points, or 0.2 percent.
For the year:
The S&P 500 is up 725.13 points, or 12.3 percent.
The Dow is up 3,213.68 points, or 7.6 percent.
The Nasdaq is up 3,023.17 points, or 15.7 percent.
The Russell 2000 is up 172.87 points, or 7.8 percent.
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