Stocks close mostly lower, Nasdaq still inches higher

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Stocks close mostly lower, but gains for some Big Tech companies nudge the Nasdaq composite up just under 0.1%, enough for another record high.

Stocks closed mostly lower on Wall Street on Tuesday as traders returned from the Labor Day holiday, even as gains for some Big Tech companies nudged the Nasdaq composite barely higher.

The yield on the 10-year Treasury note climbed to 1.37%, which helped lift bank stocks such as Bank of America and JPMorgan Chase. Energy prices fell broadly. The price of benchmark U.S. crude oil fell 1.4%.

 

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