Stocks are closing lower on Wall Street Tuesday, dragged down by big technology companies like Apple and Microsoft.
The declines marked the sixth-straight losing day for technology stocks. Investors continue to focus on corporate earnings and gauge the economic recovery’s progress. Earnings and most economic indicators have been signaling a steady recovery, but investors remain concerned about the lingering threat from COVID-19, inflation and other factors that could crimp progress.
The S&P 500 fell 28 points, or 0.7%, to 4,164.66.
The Dow Jones Industrial Average rose 19.80, or 0.1%, to 34,133.03.
The Nasdaq fell 261.61 points, or 1.9%, to 13,633.50.
The Russell 2000 index of smaller companies fell 29.17 points, or 1.3% to 2,248.29.
For the week:
The S&P 500 is down 16.51 points, or 0.4%.
The Dow is up 258.18 points, or 0.8%.
The Nasdaq is down 329.18 points, or 2.4%.
The Russell 2000 is down 18.16 points, or 0.8%.
For the year:
The S&P 500 is up 408.59 points, or 10.9%.
The Dow is up 3,526.55 points, or 11.5%.
The Nasdaq is up 745.22 points, or 5.8%.
The Russell 2000 is up 273.43 points, or 13.9%.
Read more:How major US stock indexes fared Tuesday