U.S. stock indexes barely budged after a quiet day of mixed trading on Tuesday.
The S&P 500 edged down by less than 0.1%. It was a tiny loss, but it still marked the first back-to-back drop for the index in a month and a half. The index fell modestly on Monday after coming off a sixth straight winning week, its longest such streak of the year.
The Dow Jones industrial average slipped 6 points, or less than 0.1%. Like the S&P 500, it’s been on a long, record-breaking rally and set its all-time high on Friday. The Nasdaq composite rose 0.2%.
General Motors jumped 10.4% for its best day since 2020 after delivering stronger profit and revenue for the latest quarter than analysts expected.
Philip Morris International was another one of the strongest forces pushing upward on the S&P 500 and rallied 10.5% after topping forecasts for both profit and revenue.
Norfolk Southern climbed 4.9% after the railroad topped analysts’ forecasts for profit.
Trump Media & Technology Group jumped another 9.9% to bring its gain to 183% since hitting a bottom late last month.
Keeping indexes in check was GE Aerospace, which tumbled 9% and was the heaviest weight on the S&P 500.
Verizon Communications sank 5% after likewise reporting weaker revenue for the latest quarter than expected, even though its profit edged past forecasts.
Sherwin-Williams sank 5.3% after both its profit and revenue came in weaker than analysts expected.
All told, the S&P 500 slipped 2.78 points to 5,851.20. The Dow dipped 6.71 to 42,924.89, and the Nasdaq composite rose 33.12 to 18,573.13.
The yield on the 10-year Treasury held steady at 4.20%, where it was late Monday.
— Associated Press