Markets

Stocks Drift Off Records, Get Little Lift From Upbeat Data

Upbeat factory orders and strong car sales did little to inspire Wall Street Tuesday with all three indices slipping into the red with volume less than half the daily average. With the exception of some positive action immediately after the release of factory orders, stocks drifted in a razor-thin range for most of the day, but did not wander far from Monday's record levels in the Dow Industrials and S&P 500. Nearly all sectors were lower with the exception of energy and utilities, the former on the rising price of oil, the latter on a 7 basis point jump in the 10-year yield.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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