Wall St dips on day after S&P 500 hits record high
NEW YORK (REUTERS) - United States (US) stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot and other retail shares.
Seven out of the 10 S&P 500 sector indexes ended lower, led by industrials while consumer discretionaries led on the upside.
Gains in US home prices slowed in December, according to the S&P/Case-Shiller index, while the consumer confidence index fell more than expected in February.
Selling picked up slightly late in the session as traders unwound positions after the S&P 500 failed to break above Monday's intraday record high of 1,858.71, analysts said. The index remained in negative territory, down 0.2 per cent, for the year.