NEW YORK (
) -- U.S. stocks slipped from an all-time intra-day high on Tuesday as investors showed caution about this seemingly never-ending bull market, unsure whether the best start to a year since 1997 has more room to run.
dropped 0.2% to 1,692.39 after trading as high as 1,698.78, a new intraday record. On Monday, the S&P hit a record closing price of 1,695.53. The
Dow Jones Industrial Average
added 0.1% to 15,567.74 while the
fell 0.6% to 3,579.27.
Of the 157 S&P 500-listed companies expected to report second-quarter earnings this week, 35 were expected to release results Tuesday.
(AAPL - Get Report)
dropped 1.7% to $418.99 before the maker of the iPhone and iPad beat analyst's expectations for third-quarter results posting earnings of $7.47 per share on revenue of $35.3 billion compared to an average forecast of $7.32 a share on revenue of $35.02 billion, according to an average of a survey conducted by Thomson Reuters.
Advance Micro Devices
was the biggest decliner on the S&P, plunging 6.2% to $3.66 as the chipmaker continued a week of declines following disappointing second-quarter earnings.
(BTU - Get Report)
was the biggest gainer in the S&P, surging 5% to $17.14 after the coal producer reported an unexpected profit for the second-quarter at 33 cents a share versus the average analyst expectation of a loss of 5 cents a share.
slipped incrementally to $57.12 after the chemicals conglomerate posted earnings that surpassed second-quarter estimates by a penny at $1.28 a share despite sales that came in below estimates. The company said that it's planning to sell or spin off its performance chemicals unit, which includes its paint pigments division.
advanced 4% to $38.93 after the chipmaker provided some positive remarks on semiconductor demand for the rest of the year and booked second-quarter earnings that beat expectations by a penny at 42 cents a share. Revenues matched estimates.
(UTX - Get Report)
added 3% to $105.12 after the conglomerate hiked the lower end of its full-year earnings outlook to $6 a share from $5.85 following a sharp increase in aerospace orders and cost cutting.
fell 3.8% to $82.21. Shares were rising earlier after the insurance giant and Dow component exceeded second-quarter expectations with earnings of $2.13 a share versus the average analyst estimate of $1.60. Revenues came in below the Wall Street target. Still, the company said its experiencing lower catastrophe losses as well as continued improvement in underlying underwriting margins in all segments.
, the second-largest cellphone carrier in the U.S., is expected by Wall Street to post second-quarter earnings on Tuesday after the market close of 68 cents a share on revenue of $31.81 billion. Shares added 0.65% to $35.81 during the regular market session.
Written by Andrea Tse and Joe Deaux in New York
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