Stock Market Today: Wall Street Falls and Takes a Step Back After Its Big Rally

Stock Market Today: Wall Street Falls and Takes a Step Back After Its Big Rally
A sign for Wall Street hangs in front of the New York Stock Exchange on July 8, 2021. Mark Lennihan/AP Photo
The Associated Press
Updated:
0:00

NEW YORK—Stocks pulled back Tuesday in their first trading after a five-week rally carried Wall Street to its highest level since the spring of last year.

The S&P 500 fell 20.88 points, or 0.5 percent, to 4,388.71. The Dow Jones Industrial Average dropped 245.25, or 0.7 percent, to 34,053.87, and the Nasdaq composite lost 22.28, or 0.2 percent, to 13,667.29.