US stocks dip as smaller companies continue to tumble
NEW YORK (AP) — Larger U.S. companies are mostly higher Tuesday, and the S&P 500 index and Dow Jones Industrial Average are on pace for record highs as technology and industrial companies rise. However retailers and car companies are down, and smaller companies are sinking again. Stitch Fix, an online clothing company, plunged after its revenue and user totals fell short of analyst forecasts, and Pepsi is falling after it said the strong dollar will hurt its results.
KEEPING SCORE: The S&P 500 index rose 6 points, or 0.2 percent, to 2,930 as of 2 p.m. Eastern time. The Dow Jones Industrial Average added 165 points, or 0.6 percent, to 26,816 as Intel and Boeing climbed. The Nasdaq composite fell 10 points, or 0.1 percent, to 8,026.