U.S. Stocks Close Mixed Following Lackluster Session
After moving sharply higher for two straight sessions, stocks turned in a relatively lackluster performance during trading on Tuesday. The major averages fluctuated over the course of the session before eventually closing mixed.
The tech-heavy Nasdaq fell 30.14 points or 0.3 percent to 11,334.27 after leading the two-day rally. The S&P 500 also edged down 2.86 points or 0.1 percent to 4,016.95, while the Dow rose 104.40 points or 0.3 percent to 33,733.96.
The choppy trading on Wall Street came as traders expressed some uncertainty about the near-term outlook for the markets following recent volatility.
Uncertainty about the outlook for interest rates and the economy may also have kept some traders on the sidelines ahead of the release of some key economic data in the coming days.
A negative reaction to some of the latest earnings news contributed to an early pullback, with 3M (MMM) posting a steep loss after reporting weaker than expected fourth quarter earnings and providing disappointing guidance.
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