|I:DJI||DOW JONES AVERAGES||33830.99||-306.32||-0.90%|
|I:COMP||NASDAQ COMPOSITE INDEX||13814.237764||-135.98||-0.97%|
The Dow Jones Industrial Average fell 128 points, or 0.39%, while the S&P 500 lost 0.16%. Both indexes slid off record highs. The tech-heavy Nasdaq Composite, meanwhile, rose 0.09%.
Traders continue to monitor bond yields, which have risen sharply this year amid inflation concerns, ahead of the Fed’s interest rate decision. The benchmark 10-year yield was down 1 basis point Tuesday to 1.59% after starting the year at 0.916%.
In stocks, Starbucks Corp., Deere & Co. and D.R. Horton Inc. were among the companies that saw shares reach intraday record highs.
|DE||DEERE & CO.||368.40||-7.45||-1.98%|
|DHI||D.R. HORTON INC.||94.84||+1.64||+1.76%|
Elsewhere, GameStop Corp. shares were under pressure for a second day after plunging 17% during the prior session. The stock has gained 1,068% this year.
|AMC||AMC ENTERTAINMENT HOLDINGS INC||9.99||+0.20||+2.10%|
AMC Entertainment Holdings remained in focus after shares spiked 26% Monday following news that the company’s locations in Los Angeles County began reopening from their COVID-19 induced shutdowns.
Moderna Inc. has begun a Phase 2/3 trial of its COVID-19 vaccine for children aged 6 months to less than 12 years.
Meanwhile, Fox Corp. Chairman Rupert Murdoch purchased about 457,000 shares at an average price of $42.77 apiece, worth more than $21 million. Murdoch now owns 1.295 million shares. Fox is the parent company of FOX Business and Fox News.
|XOM||EXXON MOBIL CORP.||55.28||-0.69||-1.22%|
Oil majors, including Chevron Corp. and Exxon Mobil Corp., were lower as West Texas Intermediate crude oil slid 59 cents to $64.80 per barrel.
Elsewhere in commodities, gold ticked up $1.70 to $1,730.60 an ounce and silver lost 28 cents to $25.97 an ounce.
Overseas markets were broadly higher.
In Europe, Britain’s FTSE 100 advanced 0.8%, Germany’s DAX 30 climbed 0.66%, and France’s CAC 40 rose 0.32%.
China’s Shanghai Composite index paced the gains in Asia, trading up 0.78%, while Hong Kong’s Hang Seng index and Japan’s Nikkei 225 index rallied 0.67% and 0.52%, respectively.