Dow Drops 107, Nasdaq Slides 56
On Tuesday, stocks eased below recent records as earning reports began rolling in. The S&P 500 fell 0.4%, with most of the companies in the benchmark index losing ground. Banks, industrial stocks and companies that rely on consumer spending accounted for a big share of the decline. Technology stocks bucked the trend, helping counter some of the broader slide.
By Damian J. Troise & Alex Veiga | July 13, 2021 | 5:01 p.m. ET.
Stocks gave up early gains and closed broadly lower Tuesday as investors weighed the latest quarterly earnings reports from big U.S. companies and new data pointing to rising inflation.