The Dow Jones Industrial Average, S&P 500 and Nasdaq all finished lower on Tuesday, a day after the Dow posted a new record close on the heels of the Senate's passage of the GOP tax bill.
The Dow fell 110 points, or 0.45%. Earlier in the session it traded above its closing record high of 24,290. The Dow had seen recent strength as the GOP's tax-overhaul efforts remained the key story, but investor optimism over the tax bill may be fading.
McDonald's Corp. (MCD) rose 1.4% after analysts from Jefferies boosted their price target on the world's biggest restaurant group to $200 from $150.
Snap Inc. (SNAP) shares, which were a were a notable early mover in premarket trading, gained 10% after two investment banks lifted their recommendations on the social media app as it goes head-to-head with Facebook Inc. (FB) in the youth messaging market.