NEW YORK ( TheStreet) -- The major market averages edged higher Tuesday, weighed by blue-chip technology stocks, after investors digested auto sales figures and commodities made sharp gains.
The Dow Jones Industrial Average closed higher by 2 points, or 0.02%, to 10,406. The S&P 500 gained 3 points, or 0.2%, to 1118 and the Nasdaq finished higher by 7 points, or 0.3%, to 2281.
Stocks traded in the green for much of the session, but investors took profits late in the afternoon. Big tech names, including Microsoft (MSFT), Intel (INTC), Hewlett-Packard (HPQ) and IBM (IBM), dragged on the Dow more than stocks in most other sectors by the end of the day.Market observers took in a range of car sales numbers throughout the day. Overall industry sales landed in-line with expectations, coming to a seasonally adjusted annual pace of 10.38 million units, according to Autodata.
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