Markets

Wall Street Ends Off Day's Best Levels But New Record Hit for DJIA, S&P 500

The S&P 500 struggled to move much past the psychologically key 1900 level Tuesday, erasing early sharper gains. But a late move for it and the Dow Jones Industrial Average landed both indices up modestly at the bell, enough for a fresh record high. The early fade was blamed on weak retail sales, although the intraday record high was reached after that data on consumer spending was released. Rather, the absence of any compelling catalyst to sustain record highs resulted in a struggle for the major indices. The Nasdaq came under more aggressive profit-taking and ended the day back in negative territory.

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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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