Stock market today: Stocks tick higher as S&P 500 eyes fresh record

US stocks were mixed on Tuesday as investors digested China's launch of aggressive stimulus that lifted market spirits and a weaker-than-expected reading on consumer confidence. The tech-heavy Nasdaq Composite rose about 0.5%, while the S&P 500 up about 0.2%, building on its latest record close. Meanwhile, the Dow Jones Industrial Average slid just below the flat line. Stocks declined around 10 a.m. ET before recovering losses following the latest consumer confidence index reading.

Some on Wall Street now forecast the S&P 500 will hit 6,000 this year — a big milestone less than 5% away. The Fed's jumbo rate cut last week kicked off the rally, and on Monday, several policymakers hinted the door is open for more big moves. On Tuesday, Fed governor Michelle Bowman explained she dissented to last week's half percentage point interest rate cut because "upside risks to inflation remain prominent.

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Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
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Stock market today: Dow, S&P 500 surge as stocks mount a comeback from deep lossesInflation is back in focus for investors gauging pressures that could influence the size of Fed rate cuts.
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Stock market today: Dow, S&P 500 rise as stocks mount a comeback from deep lossesInflation is back in focus for investors gauging pressures that could influence the size of Fed rate cuts.
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Stock market today: S&P 500, Nasdaq jump for 4th straight day as tech leads stocks higherWholesale inflation and jobless data set the stage for a Fed rate cut next week.
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Stock market today: S&P 500, Dow futures waver as inflation report loomsInvestors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
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Stock market today: S&P 500, Nasdaq slip as sluggish start to September continuesInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
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