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Wall St. slips on day after S&P hits record high

Started by riky, February 26, 2014, 09:00:20 AM

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riky

Wall St. slips on day after S&P hits record high

<p><a href="http://news.yahoo.com/stock-futures-slip-results-lift-home-depot-premarket-122250781--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/9lwfaHEYW3RoYGulgrd77A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-02-25T224342Z_6_CBREA1K1TT600_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot and other retail shares. Selling picked up slightly late in the session as traders unwound positions after the S&amp;P 500 failed to break above Monday's intraday record high of 1,858.71, analysts said. &quot;We tried to break out again and retest the highs, and since we failed, people are lightening up their positions they took earlier,&quot; said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut. Home Depot shares jumped 4 percent to close at $80.98, giving the biggest boost to both the Dow and the S&amp;P 500.</p><br clear="all"/>

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