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Wall St dips on day after S&P 500 hits record high

Published on Feb 26, 2014 6:18 AM
 
Traders work on the floor of the New York Stock Exchange on Feb 20, 2014 in New York City. 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. -- FILE PHOTO: AFP 

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.

 
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