U.S. stocks gave up early gains to close mostly lower on Tuesday as investors gird for a slew of corporate earnings and the possibility that resuming normal economic activity could reignite coronavirus infection rates.
The Dow Jones Industrial Average DJIA, -0.13% lost about 33 points, or 0.1%, to close near 24,101, while the S&P 500 SPX, -0.52% gave up nearly 15 points, 0.5%, to end the session near 2,864. The technology-heavy Nasdaq Composite Index COMP, -1.40% closed about 122 points, 1.
4%, lower, near 8,608, with a full slate of tech names set to report earnings over the next few days. Investors were weighing the recent run-up for tech stocks since the mid-March market bottom against the possibility that the coming downturn could be worse than is commonly believed, and that a rush to resume normal activity could be dangerous. 3M Co. MMM, +2.57% shares jumped nearly 3% after it announced earnings and sales that beat expectations.
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