The benchmark S&P 500 stock index paused on Tuesday, taking a breather from Mond...
NEW YORK - The benchmark S&P 500 stock index paused on Tuesday, taking a breather from Monday’s strong quarterly kickoff as a decline in shares of Walgreens Boots Alliance Inc weighed and economic data did little to ease growth concerns.
Walgreens shares weighed the most on all three of Wall Street’s major indexes. CVS and the drug wholesalers were also among the biggest drags on the S&P 500.Data showing that new orders for key U.S.-made capital goods slipped in February and that shipments were flat did little to lift tepid investor sentiment.
A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., April 2, 2019. REUTERS/Lucas Jackson Despite coming under pressure, the S&P 500 is only 2.2% below a record closing high hit in late September as the Federal Reserve has paused interest-rate hikes and investors have grown optimistic about a resolution to the U.S.-China trade war.
Airline stocks got a lift from Delta Air Lines Inc’s better-than-expected first-quarter profit forecast. Its shares jumped 6.0%, while the Dow Jones US Airlines index advanced 2.8%.
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