Stock market today: S&P 500 holds near record high with big bank earnings in focus

US stocks held mostly steady on Tuesday after clinching record highs, as investors assessed a second wave of earnings from big Wall Street banks and oil prices fell amid ebbing concerns about Israeli retaliation. The Dow Jones Industrial Average slipped about 0.6% on the heels of closing above 43,000 for the first time. The blue-chip index was dragged down by UnitedHealth Group , which saw shares fall nearly 10% after its 2025 profit guidance missed estimates.

Similar strength in Friday's results from big bank peers lifted optimism that the economy can nail a "soft landing." As the rush of earnings starts to broaden out, hopes are for further positive surprises in what some on Wall Street suspect could be a tricky season. Shares in Walgreens Boots Alliance climbed nearly 10% on the heels of its plan to shut 1,200 stores over three years, as the pharmacy chain pursues a turnaround.

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