U.S. Stocks Close Lower, Retreat From Record Levels

U.S. stocks closed lower on Tuesday, retreating from all-time highs and the psychologically significant 5,000 level for the Nasdaq reached on Monday. Weaker-than-expected growth in monthly car sales dampened spirits, sending shares of Ford and Fiat Chrysler sharply down. Bone-chilling weather in February was cited as a culprit for weak demand. The S&P 500 lost 9.61 points, or 0.5%, to 2,107.76. The Dow Jones Industrial Average dropped 85.26 points, or 0.5%, to 18,203.37. The Nasdaq Composite ended the day down 28.20 points, or 0.6%, at 4,979.90.