US stocks mostly lower as smaller companies continue to fall
NEW YORK (AP) — Smaller companies are sinking again and retailers and car companies are also falling on Wall Street Tuesday. Despite the broad trend lower, gains by a handful of large companies including Boeing sent the Dow Jones Industrial Average close to another record high.
Stitch Fix, an online clothing company, plunged after its revenue and user totals fell short of analyst forecasts, and Pepsi fell after it said the strong dollar will hurt its results.
KEEPING SCORE: The S&P 500 index fell 3 points, or 0.1 percent, to 2,921 as of 3:18 p.m. Eastern time. The Dow Jones Industrial Average added 92 points, or 0.3 percent, to 26,740, powered by big gains in Intel and Boeing. The Nasdaq composite fell 48 points, or 0.6 percent, to 7,988.