Wall Street ticked to a record as stocks zigzagged underneath the market’s surface following mixed profit reports from UnitedHealth, General Motors, and other big companies.
The S&P 500 rose 0.4 percent Tuesday, even though more stocks fell within the index than rose. It squeaked past its prior all-time high set a couple weeks ago. The Dow Jones Industrial Average dropped 0.8 percent, and the Nasdaq composite rose 0.9 percent.
Gains for Apple, Microsoft, and GM helped work against sharp drops for UnitedHealth Group and other insurers. Treasury yields held relatively steady in the bond market after a report showed sharply souring confidence among U.S. consumers.
On Tuesday:
The S&P 500 rose 28.37 points, or 0.4 percent, to 6,978.60.
The Dow Jones Industrial Average fell 408.99 points, or 0.8 percent, to 49,003.41.
The Nasdaq composite rose 215.74 points, or 0.9 percent, to 23,817.10.
The Russell 2000 index of smaller companies rose 7.02 points, or 0.3 percent, to 2,666.70.
For the week:
The S&P 500 is up 62.99 points, or 0.9 percent.
The Dow is down 95.30 points, or 0.2 percent.
The Nasdaq is up 315.85 points, or 1.3 percent.
The Russell 2000 is down 2.46 points, or 0.1 percent.
For the year:
The S&P 500 is up 133.10 points, or 1.9 percent.
The Dow is up 940.12 points, or 2 percent.
The Nasdaq is up 575.11 points, or 2.5 percent.
The Russell 2000 is up 184.79 points, or 7.4 percent.
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