Wall Street ticked to a record as stocks zigzagged underneath the market’s surface following mixed profit reports from UnitedHealth, General Motors and other big companies.
The S&P 500 rose 0.4% Tuesday, even though more stocks fell within the index than rose. It squeaked past its prior all-time high set a couple weeks ago. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite rose 0.9%.
Gains for Apple, Microsoft and GM helped work against sharp drops for UnitedHealth Group and other insurers. Treasury yields held relatively steady in the bond market after a report showed sharply souring confidence among U.S. consumers.
On Tuesday:
The S&P 500 rose 28.37 points, or 0.4%, to 6,978.60.
The Dow Jones Industrial Average fell 408.99 points, or 0.8%, to 49,003.41.
The Nasdaq composite rose 215.74 points, or 0.9%, to 23,817.10.
The Russell 2000 index of smaller companies rose 7.02 points, or 0.3%, to 2,666.70.
For the week:
The S&P 500 is up 62.99 points, or 0.9%.
The Dow is down 95.30 points, or 0.2%.
The Nasdaq is up 315.85 points, or 1.3%.
The Russell 2000 is down 2.46 points, or 0.1%.
For the year:
The S&P 500 is up 133.10 points, or 1.9%.
The Dow is up 940.12 points, or 2%.
The Nasdaq is up 575.11 points, or 2.5%.
The Russell 2000 is up 184.79 points, or 7.4%.
The Associated Press