U.S. stocks ticked lower at the start of Tuesday's trade a day after a rally in shares of technology companies drove the Nasdaq Composite to another record close. The S&P 500 SPX, +0.14% was down 7 points, or 0.2%, to 3,288. The Dow Jones Industrial Average DJIA, +0.08% shed 41 points, or 0.2%, to 26,623. The Nasdaq Composite COMP, +0.30% fell 25 points, or 0.2%, to 10,877.
Investors eyed another round of earnings along with negotiations between Democrats and Republicans around a new coronavirus relief package. Without additional stimulus funds, the U.S. recovery could suffer setbacks, according to analysts. Ralph Lauren Inc. RL, -6.82% stock fell 6.2% on Tuesday after the luxury lifestyle brand reported fiscal first-quarter revenue that missed expectations.
Will be better
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What to watch today: Stocks to open slightly lower after Nasdaq's new record highDow futures were indicating an opening decline of around 90 points as coronavirus relief talks persist, Disney set to report earnings after the bell.
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European stocks turn higher as improving economic data offset downbeat bank resultsEuropean stocks turned higher on Monday after early losses, as improving data on the economy helped offset disappointing results from HSBC Holdings and... German stocks led higher by autos on improving sales as the EU and US reopen. VW +6% today. Automotive
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European stocks seen cautiously higher with U.S. stimulus talks, earnings season in focusEuropean stocks are expected to edge higher Monday morning ahead of another big week for corporate earnings, while U.S. lawmakers attempt to hammer out a new coronavirus aid package.
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Wall Street's top analysts say stocks like Qualcomm and Spotify have compelling upside potentialYour weekend brief: Wall Street's top analysts say stocks like Qualcomm and Spotify have compelling upside potential Vote for me ne because you hate trump, not because i am better $QCOM Wall Street’s top analysts are literally never right
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US stocks climb as stimulus hopes outweigh fresh China tensions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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