U.S. stocks finished lower on Tuesday as Wall Street took a breather from a postelection rally that propelled the major stock indexes to all-time highs.
The Dow Jones Industrial Average lost 0.9%, ending near 43,910, according to preliminary data from FactSet. It was the worst day for the blue-chip index since Oct. 31, according to Dow Jones Market Data.
The S&P 500 was off 0.3%, to finish around 5,984. The large-cap benchmark index snapped a five-session winning streak.
The Nasdaq Composite dropped less than 0.1%, leaving it nearly flat at 19,281.
Stocks viewed as beneficiaries of Donald Trump's return to the White House struggled on Tuesday. The small-cap Russell 2000 index finished down more than 1.8%. Shares of Tesla Inc. tumbled more than 6%.
A surge in Treasury yields also weighed on the stock market on Tuesday as traders returned from the Veterans Day holiday and focused on concerns about inflation ahead of the release of October's U.S. consumer-price index.
The yield on the 10-year Treasury rose 12.4 basis points to 4.430%, the highest since July 2, according to FactSet data.
Source : MarketWatch
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