NEW YORK (AP) – U.S. stock indexes drifted higher Tuesday as Wall Street’s big rally eased off the accelerator.
The S&P 500 rose 11.90 points, or 0.4%, to 3,306.51 after flipping between small gains and losses throughout the day. It’s the mildest move for the index in two weeks.
The Dow Jones Industrial Average climbed 164.07 points, or 0.6%, to 26,828.47, and the Nasdaq composite added 38.37, or 0.4%, to close at another record, 10,941.17.
Stock indexes are hanging at or close to their record highs after clawing back all or most of their sell-off from earlier in the year, and the S&P 500 is within 2.4% of its all-time high set in February. But caution is still very prevalent across other markets: Gold rose to another record Tuesday, while Treasury yields sank as investors sought safety.
Within the stock market, energy companies had the biggest gains after the price of oil rose. But two in five S&P 500 stocks were lower following a mixed set of earnings reports.
