Most stocks slipped on Wall Street, but the market hung near its highest level in 20 months following a mixed set of reports on the economy.
The S&P 500 fell 0.1 percent Tuesday, the Dow fell 0.2 percent, and the Nasdaq composite rose 0.3 percent.
KeyCorp led a slump for bank stocks after cutting its forecast for earnings from fees and other non-interest income. Gains for Apple and Microsoft helped to limit the market’s losses. Treasury yields fell following data that kept alive questions about whether the U.S. economy can pull off a perfect landing where it kills high inflation but avoids a recession.
On Tuesday:
The S&P 500 fell 2.60 points, or 0.1 percent, to 4,567.18.
The Dow Jones Industrial Average fell 79.88 points, or 0.2 percent, to 36,124.56.
The Nasdaq composite rose 44.42 points, or 0.3 percent, to 14,229.91.
The Russell 2000 index of smaller companies fell 25.98 points, or 1.4 percent to 1,856.04.
For the week:
The S&P 500 is down 27.45 points, or 0.6 percent.
The Dow is down 120.94 points, or 0.3 percent.
The Nasdaq is down 75.12 points, or 0.5 percent.
The Russell 2000 is down 6.60 points, or 0.4 percent.
For the year:
The S&P 500 is up 727.68 points, or 19 percent.
The Dow is up 2,977.31 points, or 9 percent.
The Nasdaq is up 3,763.43 points, or 36 percent.
The Russell 2000 is up 94.79 points, or 5.4 percent.
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