S&P 500 Briefly Turns Negative After Hitting New Record High

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S&P 500 Briefly Turns Negative After Hitting New Record High
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The index set a new milestone on Tuesday.

The Dow Jones Industrial Average was down 0.2%, nearly 50 points, on Tuesday, while the S&P 500 rose 0.2% and the tech-heavy Nasdaq Composite gained 0.5%.

The S&P traded lower after it surpassed its previous intraday record high of 3,393.52 set back in February. The index has been closely watched over the last week as it attempted to overtake its previous closing high of 3,386. The Nasdaq also hit a new record high on Tuesday, while the Dow lagged as shares of Home Depot and Walmart both fell despite reporting second quarter earnings that beat expectations.

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