


A mixed day of trading left the U.S. stock market split on Tuesday as Wall Street’s momentum slowed after setting record highs in each of the last two days.
The S&P 500 dipped 0.1% for its first loss in four days. The Dow Jones industrial average rose 400 points, or 0.9%, and the Nasdaq composite fell 0.8%.
Tesla tugged on the market as the relationship between its CEO, Elon Musk, and President Donald Trump soured even further.
Tesla fell 5.3% and was one of the heaviest weights on the S&P 500. It has lost just over a quarter of its value so far this year, 25.5%, in large part because of Musk’s and Trump’s feud.
Drops for several darlings of the artificial-intelligence frenzy also weighed on the market. Nvidia’s decline of 3% was the heaviest weight on the S&P 500.
But more stocks within the index rose than fell, led by several casino companies. Las Vegas Sands gained 8.9%, Wynn Resorts climbed 8.8% and MGM Resorts International rose 7.3%.
Automakers outside of Tesla were also strong, with General Motors up 5.7% and Ford Motor up 4.6%.
All told, the S&P 500 slipped 6.94 points to 6,198.01. The Dow rose 400.17 to 44,494.94, and the Nasdaq composite fell 166.84 to 20,202.89.
In the bond market, Treasury yields swiveled following some mixed reports on the U.S. economy.
One said U.S. employers were advertising more job openings at the end of May than the month before and than economists expected. Separate reports on U.S. manufacturing were more mixed.
The yield on the 10-year Treasury held at 4.24%, where it was late Monday, after bouncing from a modest loss to a modest gain earlier in the day.
The two-year Treasury yield, which more closely tracks expectations for what the Federal Reserve will do with its main interest rate, rose more sharply to 3.77% from 3.72%.
— Associated Press