Wall Street posted a mixed session on Tuesday as investors paused the recent rally mainly to sell off profits made from reopening stock gains amid the U.S. economic recession. However, the tech-heavy Nasdaq continued to gain on Tuesday, turning positive for the year and closing at an all-time record high after briefly breaking over 10,000 for the first time ever. However, the Dow and S&P 500 pushed lower from Monday's session, dropping slightly into negative territory for the year to date.
Here's how the market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index +0.29% or +29.01 points to 9,953.75
In Major Stock News, FAANG stocks--Facebook
In Stock Sector News, sectors mainly dipped lower on Tuesday, with performance gains only led by Information Technology +0.48% and Communication Services +0.18%. The negative sector performance was a follows: Energy -3.59%, Industrials -2.51%, Utilities -2.12%, Financials -2.11%, Materials -1.17%, Real Estate -1.12%, Health Care -1.08%, Consumer Staples -0.91% and Consumer Discretionary -0.04%.
In Commodity and Currency News, crude oil futures gained despite energy stocks, like Valaris
As the market heads into the mid-week, investors will focus on the Federal Reserve's latest decision on monetary policy as well as corporate earnings from Red Robin Gourmet Burgers