Stocks edge back further from their all-time highs on Wall Street

Wall Street slipped a bit further from its record heights on Tuesday. The S&P 500 fell 14.61 points, or 0.3%, to 5,203.58 for its third straight modest drop since setting an all-time high. The Dow Jones industrial average dipped 31.31 points, or 0.1%, to 39,282.33, and the Nasdaq composite fell 68.77 points, or 0.4%, to 16,315.70. Stock indexes were modestly higher for much of the day thanks to several major tech stocks. Tesla rose 2.9% and Alphabet ticked up 0.4%.

The S&P 500 has already roared 9% higher this year and is on track to close out its fifth straight winning month. Excitement is high because the U.S. economy has remained remarkably resilient despite high interest rates meant to get inflation under control. Plus, the Federal Reserve looks set to start lowering interest rates this year because inflation has cooled from its peak. Strong buying of stock by companies themselves has also helped to support prices.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

European stocks head for mixed open as Wall Street rally takes a breatherEuropean markets are heading for a lackluster open Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

European stocks open lower as Wall Street rally takes a breather; Ocado up 4%European markets opened lower Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Wall Street is getting excited about these Chinese stocks — and upgrading three to 'buy'Investment analysts have upgraded at least three U.S.-listed Chinese stocks to buy so far this month.
Source: CNBC - 🏆 12. / 72 Read more »

Top Wall Street analysts like these dividend stocks for portfolio incomeTipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Bank of America and PepsiCo.
Source: CNBC - 🏆 12. / 72 Read more »

Top Wall Street analysts recommend these 3 dividend stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Target and Garmin
Source: NBCDFW - 🏆 288. / 63 Read more »