Wall Street is lower in profits for investors, as inflation rises as Financial Market News
Shares gave initial gains and closed lower on Tuesday as investors weighed in on new quarterly earnings reports and a rise in inflation for large U.S. companies.
The S&P 500 fell 0.4 percent as most benchmark companies lost ground. Banks, industrial stocks and companies based on consumer spending have experienced a large share of the decline.
Technology stocks outperformed the trend, helping them cope with a wider range of slides. Shares of small businesses suffered some of the biggest losses.
The decline brought the stock market indices below the record highs set earlier in the day. Treasury yields rose.