NEW YORK — Stocks drifted to a mixed close overall on Wall Street, but the S&P 500 and Nasdaq composite still managed to notch more record highs. A big gain in Apple helped push both indexes higher Tuesday. The S&P 500 added 0.3%, driven largely by gains in tech stocks, even though more stocks fell than rose within the index. The Nasdaq climbed 0.9%. The Dow Jones Industrial Average slipped 0.3%.
Calavo Growers jumped 8.2% after the avocado grower's latest quarterly report beat analysts' forecasts. Treasury yields fell in the bond market. The yield on the 10-year Treasury slipped to 4.40% from 4.47% late Monday. The Fed has held its main interest rate at its highest level in more than two decades and Wall Street is currently hoping for one or two cuts to that rate this year. Virtually no one expects the Fed to move its main interest rate at its current meeting, which started Tuesday. Policymakers will be publishing their latest forecasts on Wednesday for where they see interest rates and the economy heading.
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