TODAY'S PAPER
Overcast 33° Good Evening
Overcast 33° Good Evening
Business

Dow chalks another record; S&P slips from record

After some records, stocks are fluctuating Tuesday, May

After some records, stocks are fluctuating Tuesday, May 19, 2015. A trader equipped for action works on the floor of the New York Stock Exchange May 15, 2015. Photo Credit: Getty Images / Andrew Burton

Stocks closed little changed Tuesday with the Dow Jones industrial average setting a record for a second day and the Standard & Poor's 500 index slipping from its record.

At the close on Wall Street, the Dow was up 13.5 points, about 0.07 percent, at 18,312.3. The Standard & Poor's 500 slipped 1.4 points, about 0.06 percent, to 2,127.8. The Nasdaq composite dropped 8.4 points, about 0.2 percent, to 5,070.

As the markets closed, the benchmark U.S. crude was trading around $58.08 a barrel, down $2.13, on the New York Mercantile Exchange.

Walmart Stores Inc. slumped 4.4 percent after quarterly results missed estimates, while Urban Outfitters Inc. tumbled 15 percent after profit and sales were short of analysts' projections. Energy shares slid with oil prices. Yahoo! Inc. fell 7.6 percent, leading technology shares lower.

A report from the U.S. Commerce Department released Tuesday showed new residential construction surged in April to the highest level since November 2007, while more permits, a proxy for future construction, were issued than at any time since June 2008.

More news

Sorry to interrupt...

Your first 5 are free

Access to Newsday is free for Optimum customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE