Stocks edge lower at the close after Powell testimony; S&P 500 fails to end above key 2,800 level

📆 2/27/2019 12:10 AM
📰 MarketWatch

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U.S. stocks finished slightly lower Tuesday as investors found few reasons to take prices substantially higher, with no fresh signals from the Federal Reserve and no new developments in U.S.

-China trade talks. The Dow Jones Industrial Average DJIA, -0.13% closed off 34 points, or 0.1%, at 26,058, the S&P 500 index SPX, -0.08% edged 0.1% lower to 2,793, failing to close at or above a psychologically significant level at 2,800 for the first time since Nov. 8. The index touched that level on an intraday basis but wasn't able to close at the level on Monday. Meanwhile, the Nasdaq Composite Index [: COMP] edged 0.1% lower to 7,549. .

83% declined after the home-improvement giant reported quarterly results that were weaker than expectations. Caterpillar Inc.'s shares CAT, -2.44% fell after being downgraded to sell from buy by UBS. Home Depot and Caterpillar proved the biggest drag on the Dow industrials on Tuesday. Meanwhile, shares of Tesla Inc.

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