U.S. stocks climbed to record levels on Tuesday as major corporations continued to turn in solid quarterly results, but major averages closed off their highs of the day with some major tech names rolling over.
The Dow Jones Industrials stayed just north of breakeven 15.73 points to 35,756.88, still, another all-time record.
The S&P 500 acquired 8.31 points to 4,581.83, for yet another record high.
The NASDAQ Composite nicked higher 9.01 points to 15.235.71.
An intraday reversal in shares of Facebook weighed on major averages at midday. After trading flat to higher to start the session, Facebook shares dropped more than 5% at session low and closed 3.9% lower. The company topped analysts’ earnings expectations but missed estimates for revenue and monthly active users.
Tesla erased earlier gains and fell 0.6% Tuesday after the electric vehicle company soared more than 12% in the previous session to reach a $1 trillion … Read more