U.S. stocks drifted a bit below their record heights.
The S&P 500 slipped 0.1% Tuesday, coming off its latest all-time high. The Dow Jones Industrial Average lost 0.3%, and the Nasdaq composite fell 0.1%.
Stocks have run to records on expectations that the Federal Reserve will announce on Wednesday its first cut to interest rates of the year. The job market could use such a boost after slowing sharply. Treasury yields eased a bit after a report showing stronger sales at U.S. retailers did little to change expectations for the Fed to cut interest rates several times through this year and into 2026.
On Tuesday:
The S&P 500 fell 8.52 points, or 0.1%, to 6,606.76.
The Dow Jones Industrial Average fell 125.55 points, or 0.3%, to 45,757.90.
The Nasdaq composite fell 14.79 points, or 0.1%, to 22,333.96.
The Russell 2000 index of smaller companies fell 2.10 points, or 0.1%, to 2,403.03.
For the week:
The S&P 500 is up 22.47 points, or 0.3%.
The Dow is down 76.32 points, or 0.2%.
The Nasdaq is up 192.86 points, or 0.9%.
The Russell 2000 is up 5.97 points, or 0.2%.
For the year:
The S&P 500 is up 725.13 points, or 12.3%.
The Dow is up 3,213.68 points, or 7.6%.
The Nasdaq is up 3,023.17 points, or 15.7%.
The Russell 2000 is up 172.87 points, or 7.8%.
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
