Wall Street slips as GE swoons, key market level looms

- Wall Street’s main indexes dipped in a choppy session on Tuesday as a drop in General Electric shares countered positive retailer earnings and investors eyed a key resistance level for the benchmark S&P 500 after the market’s strong run.

Optimism over the trade talks and over the Federal Reserve being less aggressive in raising interest rates has helped boost the S&P 500 by 11 percent this year. Investors are watching to see if the S&P 500 can breach 2,800, a level which the index has traded near for several sessions. In economic news, sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower. Other data showed a rebound in growth in the vast services sector in February amid a surge in new orders.

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