US Stocks Close Mixed on Tuesday
US Stocks
New York - QNA
US stocks closed mixed on Tuesday as energy drops, while Dow and Nasdaq hit record highs.
The S&P 500 ended just above breakeven, with energy falling more than 1% to lead decliners. Crude futures for March delivery fell 1.58% to settle at $52.17 per barrel amid concerns of higher US shale production.
Meanwhile, the Dow Jones industrial average briefly rose more than 100 points, hitting a new record high, before closing about 40 points higher with Boeing and IBM contributing the most gains. The Nasdaq composite also reached new all-time intraday and closing highs.
The Dow Jones industrial average rose 37.87 points, or 0.19%, to close at 20,090.29, with Boeing leading advancer and Chevron the top decliner. The S&P 500 rose 0.52 points, or 0.02%, to end at 2,293.08, with consumer staples leading six sectors higher and energy lagging.
The Nasdaq composite gained 10.67 points, or 0.19%, to close at 5,674.22.
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