Wall Street fell further from its record as worries worsen among U.S. consumers about inflation and tariffs.
The S&P 500 fell 0.5 percent Tuesday for its fourth straight drop after setting an all-time high last week. The Nasdaq composite sank 1.4 percent as Nvidia, Tesla and other high-growth stocks that had been among the market’s biggest stars fell.
A slight majority of U.S. stocks nevertheless rose, including Home Depot after its latest profit report. That helped the Dow Jones Industrial Average hold up better, and it added 0.4 percent. Treasury yields sank as investors looked for something safer to own. Bitcoin’s price also fell sharply.
On Tuesday:
The S&P 500 fell 28 points, or 0.5 percent, to 5,955.25.
The Dow Jones Industrial Average rose 159.95 points, or 0.4 percent, to 43,621.16.
The Nasdaq composite fell 260.54 points, or 1.4 percent, to 19,026.39.
The Russell 2000 index of smaller companies fell 8.18 points, or 0.4 percent, to 2,170.08.
For the week:
The S&P 500 is down 57.88 points, or 1 percent.
The Dow is up 193.14 points, or 0.4 percent.
The Nasdaq is down 497.62 points, or 2.5 percent.
The Russell 2000 is down 25.27 points, or 1.2 percent.
For the year:
The S&P 500 is up 73.62 points, or 1.3 percent.
The Dow is up 1,076.94 points, or 2.5 percent.
The Nasdaq is down 284.41 points, or 1.5 percent.
The Russell 2000 is down 60.08 points, or 2.7 percent.
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