Stocks slipped from record levels on Tuesday as the recent market rally took a pause despite more strong U.S. and global economic recovery signs. All market benchmarks ended the session slightly lower.

Job openings in the United States rose by 268,000 to a two-year higher of 7.4 million in February, according to the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) report on Tuesday. This increase follows the 7.099 million reported for January, with the rate of hiring rising to 4%, or 0.2 percentage points faster than the month prior.

Meanwhile, the International Monetary Fund (IMF) upgraded its 2021 global economic growth forecast, casting a better-than-expected outlook for the United States and other major global economies. The IMF now sees worldwide growth increasing 6% this year, which follows a historic 3.3% contraction in 2020. The institution also raised its 2022 outlook to now expect growth of 4.4%.

Here's how the market settled on Tuesday:

S&P 500 Index (SPY  ): -0.10% or -3.97 points to 4,073.94

Dow Jones Industrial Average (DIA  ): -0.29% or -96.95 points to 33,430.24

Nasdaq Composite Index (QQQ  ): -0.05% or -7.21 points to 13,698.38

For Stocks, reopening names continued their recent rally, with American Airlines (AAL  ), Carnival (CCL  ), Delta (DAL  ), Norwegian Cruise (NCLH  ), Royal Caribbean (RCL  ) and United Airlines (UAL  ) all higher. Moderna (MRNA  ) shares jumped after the biotech expanded its partnership with manufacturer Catalent through June 2023.

For Sector Performance, sectors ended split as the broader market came under pressure, with Utilities (XLU  ) and Consumer Staples (XLP  ) leading gains and Health Care (XLV  ) and Information Technology (XLK  ) leading losses.

For Commodities and Currency, the U.S. Dollar (UUP  ) slipped to a two-week low against other currencies as the market's Monday rally took a pause on Tuesday. The dollar index, which tracks the greenback against six other currencies, was 0.239% lower at 92.341. Gold (GLD  ) prices rose on the weakening dollar, reaching its highest level in more than a week. Spot gold increased by 0.8% to $1,743.04 per ounce, while gold futures settled 0.8% higher at $1,743.00 per ounce. Crude oil future rose on Tuesday, paring some of their losses from the previous session, as strong U.S. and Chinese economic data uplifted demand forecasts. International benchmark Brent Crude (BNO  ) rose to $62.74 per barrel, while domestic index West Texas Intermediate (USO  ) was up 1.16% at $59.33 each. Both contracts fell by roughly $3 on Monday.

For Wednesday, investors will turn their attention to the minutes from March's Federal Open Market Committee meeting.