The Dow Jones Industrial Average fell 20.04 points, or 0.07%, to 27,070.68, the S&P 500 lost 2.54 points, or 0.08%, to 3,036.88 and the Nasdaq Composite dropped 49.14 points, or 0.59%, to 8,276.85. The S&P earlier in the session reached a high of 3,047.87, its second straight intraday record.
NEW YORK : The S&P 500 edged lower to snap a four-session win streak on Tuesday and it retreated from a record high as investors grappled with a flood of earnings and the latest update on a potential trade deal between the U.S. and China.
Hopes of a U.S.-China trade deal and expectations of another interest rate cut by the Federal Reserve when it concludes its two-day meeting on Wednesday have pushed stocks higher the past several sessions, sending the S&P to its second straight record intraday high.
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