US stocks retreat from records on mixed earnings, data

NEW YORK: Wall Street stocks finished lower on Tuesday , retreating from records following mixed earnings and economic data and amid talk the market is due for a pullback.

"The S&P 500 has reached into a level of overbought territory that suggests a period of consolidation and increased volatility may lie directly ahead," Canaccord Genuity equity strategist Tony Dwyer warned.The broad-based S&P 500 shed 10.26 points to end the session at 3,004.04, while the tech-rich Nasdaq Composite Index fell 35.39 points to close at 8,222.80.for June easily topped estimates, suggesting a confident consumer.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York City can ban ads inside Uber, Lyft vehicles: US appeals courtA federal appeals court on Tuesday said New York City can ban advertising inside vehicles for companies such as Uber and Lyft.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

New York City can ban ads inside Ubers, Lyfts: US appeals courtA federal appeals court on Tuesday said New York City can ban advertising inside vehicles for companies such as Uber and Lyft.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Wall Street opens slightly lower after mixed bank reports[NEW YORK] US stocks opened slightly lower on Tuesday as bank shares fell after a batch of mixed quarterly reports from Wall Street lenders JPMorgan Chase, Goldman Sachs and Wells Fargo. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »