Nasdaq Drops Back Below 5,000 As U.S. Stocks Slip

MarketWatch Pulse

U.S. stocks pulled back Tuesday, catching their breath a day after the Nasdaq settled above the psychologically significant 5,000 level and other benchmarks closed at records. The S&P 500 was last down by 6 points, or 0.3%, to 2,111, while the Dow Jones Industrial Average slipped by 48 points, or 0.3%, to 18,241. The S&P and Dow on Monday both scored all-time closing highs. The Nasdaq Composite lost 20 points, or 0.4%, to 4,988. The tech-heavy benchmark on Monday closed at 5,008.10, only 0.8% short of its record close of 5,048.62 hit on March 10, 2000. No top-tier data releases are on tap Tuesday, but investors will be digesting monthly auto-sales figures and a speech after the close by Federal Reserve Chairwoman Janet Yellen.

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