The Dow Jones Industrial Average closed at a record high, boosted by Intel ( INTC ) and shares of industrial companies, while the rest of the market's key gauges slipped.
Intel helped the Dow as it reversed losses on Monday when analysts warned that its battle with Advanced Micro Devices could become expensive. The S&P 500 slipped 0.04%, while the Nasdaq Composite Index ended about 0.5% lower.
Industrial stocks Caterpillar ( CAT ) and 3M ( MMM ) also boosted the Dow as the US and Canada reached a preliminary trade deal to keep intact the three-way trade bloc with Mexico.
While the peace in North American trade was viewed as positive, there is still anxiety over US-China trade relations and their economic impact.
Some markets were held back by worries over the financial situation in Italy after comments from a legislator who said that the nation's woes could be solved if it had its own currency. Although Claudio Borghi tried to backtrack from his comments, damage in some markets was already done. The Italian ruling coalition has proposed running a deficit, which has upset the European Union and set up a potential showdown over Italy's budget.
Dow Jones Industrial Index was up 122.73 points (+0.46%)
S&P 500 was down 1.16 points (-0.04%)
Nasdaq Composite Index was down 37.76 points (-0.47%)
FTSE 100 was down 21.12 points (-0.28%) to 7,474.55
Hang Seng Index was down 662.14 points (-2.38%) to 27,126.38
Shanghai China Composite Index was closed
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