Most U.S. stocks fell as a tick higher in bond yields tightened the screws a bit on Wall Street following a three-day weekend.
The S&P 500 closed little changed Tuesday and is sitting just below its record set a week ago. Roughly two out of every three stocks in the index fell. The Dow Jones Industrial Average fell 0.6 percent.
Some technology stocks remained particularly strong, which helped the Nasdaq composite rise 0.6 percent to another all-time high. Bond yields rose following a stronger-than-expected report on consumer confidence and the auction of Treasurys.
On Tuesday:
The S&P 500 rose 1.32 points, or less than 0.1 percent, to 5,306.04.
The Dow Jones Industrial Average fell 216.73 points, or 0.6 percent, to 38,852.86.
The Nasdaq composite rose 99.09 points, or 0.6 percent, to 17,019.88.
The Russell 2000 index of smaller companies fell 2.82 points, or 0.1 percent, to 2,066.85.
For the year:
The S&P 500 is up 536.21 points, or 11.2 percent.
The Dow is up 1,163.32 points, or 3.1 percent.
The Nasdaq is up 2,008.53 points, or 13.4 percent.
The Russell 2000 is up 39.78 points, or 2 percent.
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