A Mixed Finish for Markets With No News to Tip Big Swings
NEW YORK (TheStreet) -- With no impetus to make big moves on Tuesday, U.S. markets closed mixed. While the Dow Jones Industrial Average and Nasdaq turned green in the final minutes of trading, the S&P 500 remained in the red, somewhat deflated from record highs set the day before.
After spending much of the day in the doldrums, the S&P 500 recovered to close a mere 0.02% lower but still higher than a record-breaking 1,950-level set on Monday. The Dow Jones Industrial Average tiptoed 0.02% higher to 16,945.92, while the Nasdaq added 0.04% to 4,338.
The S&P 500 has been ripping higher over the last month, chalking up gains of 5.5% over the year so far. While bears in early February warned that the S&P 500 had dropped below its 50-day moving average, and again on April 10, the benchmark index continues to make new highs albeit on less and less volume.
>> Read More: Stocks Slip Below Record Levels June 10 Premarket Briefing: 10 Things You Should Know No News Is OK News as Markets Hold Onto Record Gains European Stocks Trade Mixed, Asian Shares Are Mostly Higher
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